XRP Treasury company Evernorth has obtained SEC approval, bringing it one step closer to being listed on Nasdaq. However, disclosures show that its cost basis for XRP holdings is higher than the current market price, leaving it temporarily in an unrealized loss on its books. Pushing balance-sheet assets into a compliant listing framework and the progress in terms of process adoption are underway, but the mismatch between cost and price is a reminder that the key question is whether the subsequent funds will truly and continuously move in. The process milestones themselves do not count as completion. Point to $XRP to monitor the market. $XRP #XRP #crypto