XRP Rises After Early Dip, Supported by Institutional Interest
- XRP increased by 4.26% to reach $1.85 during Wednesday’s trading session.
- The price recovery followed a dip to $1.797 earlier in the day.
- VivoPower announced a partnership with Lean Ventures to acquire equity in Ripple Labs, indirectly exposing investors to nearly $1 billion worth of XRP.
- The joint venture aims to secure up to $300 million in Ripple shares for institutional and retail investors in South Korea.
- Late-session activity saw volume spikes totaling nearly 19 million tokens, pushing XRP through the $1.84 resistance level.
Despite the rise, overall market participation remains muted, indicating cautious sentiment among institutions regarding XRP’s current levels. The price is now consolidating below the $1.87–$1.90 supply zone, where selling pressure has previously emerged.
XRP’s ability to hold above $1.84 suggests potential for further gains if it can break above the $1.87–$1.90 resistance band, although volume concerns persist as a limiting factor.(Source)
