{"id":1305,"date":"2025-05-29T04:21:48","date_gmt":"2025-05-29T04:21:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-trades-flat-despite-vivopower-announcing-121m-raise-to-back-xrp-focused-treasury\/"},"modified":"2025-05-29T04:21:48","modified_gmt":"2025-05-29T04:21:48","slug":"xrp-trades-flat-despite-vivopower-announcing-121m-raise-to-back-xrp-focused-treasury","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-trades-flat-despite-vivopower-announcing-121m-raise-to-back-xrp-focused-treasury\/","title":{"rendered":"XRP trades flat despite VivoPower announcing $121M raise to back XRP-focused treasury"},"content":{"rendered":"
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Despite a significant announcement from energy firm VivoPower, XRP is trading at $2.29, down 1.1% in the past 24 hours and over 4% for the week.<\/p>\n

The token is displaying signs of consolidation and is has ranged between $2.24 and $2.47 in the past seven days. The trading volume for XRP (XRP) reached $2.16 billion, up 6% in the past 24 hours.\u00a0<\/p>\n

Derivatives data<\/a> from Coinglass shows a 20.2% spike in volume to $3.95 billion, while open interest dropped 0.95% to $4.78 billion, indicating mixed sentiment among leveraged traders.<\/p>\n

The latest price action follows a major announcement from Nasdaq-listed energy firm VivoPower. On Wednesday, May 28, the company announced<\/a> it had raised $121 million in a private share offering led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud. <\/p>\n

VivoPower says it will use most of the proceeds to establish an XRP-focused treasury reserve, making it the first publicly traded firm to adopt such a strategy. The offering involved 20 million shares sold at $6.05 each, slightly above the stock\u2019s previous closing price. <\/p>\n

<\/p>\n

Following the news, VivoPower shares spiked 26% before settling around $6.75, still up 11% on the day. The move drew praise from XRP insiders, including former Ripple board member Adam Traidman, who has joined VivoPower as Chairman of the Board of Advisors.<\/p>\n

\u201cWe are honored to be leading this capital raising for a company that will be the first in the world to execute an XRP-focused treasury strategy,\u201d said Prince Abdulaziz. Kevin Chin, VivoPower\u2019s Executive Chairman, emphasized a shared long-term vision with the XRP community.\u00a0<\/p>\n

Despite the announcement, the token failed to pick up steam. XRP\u2019s technical indicators suggest a short-term neutral-to-bearish bias. Now in neutral territory and lacking any clear momentum, the relative strength index stands at 46. The moving average convergence divergence has also turned slightly bearish.\u00a0<\/p>\n

<\/source><\/p>\n<\/picture>
XRP price analysis. Credit: crypto.news<\/figcaption><\/figure>\n

The majority of moving averages are flashing sell signals, particularly the 10\u201330 EMAs and SMAs. The longer-term averages, such as the 100- and 200-day SMAs, remain above the current price levels, indicating that the bullish sentiment hasn\u2019t entirely subsided.<\/p>\n

If XRP can recover the $2.40 resistance level with more volume, it might retest the upper end of its weekly range at $2.47 and possibly break higher in a bullish scenario. In the short term, a push above that might pave the way toward $2.60.<\/p>\n

However, XRP may return to the $2.10 support level if selling pressure increases and the price falls below $2.24. With organizations like VivoPower entering the market and investors\u2019 attention now turning to the Securities and Exchange Commission\u2019s pending rulings on XRP ETFs, XRP remains a token to keep an eye on.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Despite a significant announcement from energy firm VivoPower, XRP is trading at $2.29, down 1.1% in the past 24 hours and over 4% for the week. The token is displaying…<\/p>\n","protected":false},"author":1,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1305"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1305\/revisions"}],"predecessor-version":[{"id":1306,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1305\/revisions\/1306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/252"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}