Wednesday recovering from early losses even though overall trading remained light The increase came as sentiment improved following news of a partnership between VivoPower and Lean Ventures to acquire equity in Ripple Labs This indirectly provided exposure to nearly one billion dollars worth of XRP
The joint venture plans to source up to three hundred million dollars in Ripple shares for institutional and qualified retail investors in South Korea VivoPower aims to earn about seventy five million dollars in management and performance fees over three years While the deal does not directly involve buying XRP it shows that institutional interest in Ripple linked assets is strong even as the market for the token remains sensitive
XRP’s price fell to one point seven nine seven in European morning trading before buyers stepped in during U.S hours pushing the token toward session highs The rebound established short term support above one point eighty four dollars though volume remained low suggesting institutions are cautious at current levels The rally was driven mainly by technical positioning and specific token flows rather than broader market moves
During the session there were concentrated bursts of activity with nearly nineteen million tokens traded over a few minutes This helped push XRP above the one point eighty four resistance level converting it into short term support The token formed an ascending intraday channel from the low of one point seven nine seven marking the clearest technical development of the day However overall trading volume was still low raising questions about whether the move can continue without wider market participation
XRP is now consolidating just below the one point eighty seven to one point ninety supply zone where sellers have appeared in recent sessions Traders are watching whether the token can break above this resistance band A clean move higher would suggest broader acceptance of elevated prices while failure to extend could see XRP slip back into its recent consolidation range
The setup reflects cautious optimism Late session accumulation improved the technical structure but below average volume indicates that conviction remains limited Investors are following these technical signals closely to gauge whether XRP can maintain its gains and attract more participation from institutions and other market participants Overall the token’s recovery shows controlled accumulation and a steady improvement in market structure without large speculative moves.
