XRP rose 4.26% to $1.85 during Wednesday’s session, recovering strongly from early weakness, although overall participation remained muted.
News background
The underlying sentiment towards XRP received a modest boost after VivoPower announced a partnership with Lean Ventures to acquire Ripple Labs shares, indirectly providing exposure to nearly $1 billion of XRP.
The joint venture aims to raise up to $300 million in Ripple shares to institutional and qualified retail investors in South Korea, with VivoPower targeting around $75 million in management and performance fees over three years.
Although the deal does not directly involve XRP purchases, it strengthens institutional interest in Ripple-linked assets at a time when XRP price action remains technically sensitive.
The move lagged the broader crypto market by about 1.2%, indicating that gains were driven by token-specific flows rather than a full risk-on rotation.
Price action
Price action stabilized after XRP fell to $1,797 in the European morning before buyers stepped in during US hours, pushing the token towards session highs. The rebound established near-term support above $1.84, although the lack of sustained volume suggests institutions remain cautious at current levels.
The rally proceeded without a broad market catalyst, leaving technical positioning and flow dynamics as the dominant drivers. XRP’s ability to close near the highs despite lighter turnover points to controlled accumulation rather than momentum hunting.
Technical Analysis
Late in the session, XRP saw concentrated bursts of institutional activity that changed the structure throughout the day. Volume increases at 03:25 and 03:26 UTC – a total of almost 19 million tokens – led the price decisively through the $1.84 resistance area, converting it into short-term support.
These flows helped complete an ascending intraday channel from the $1,797 low, marking the clearest technical development of the day. Still, the broader volume profile remains muted, raising questions about whether the move can extend without broader market participation.
From a structural perspective, XRP is now consolidating just below the $1.87-$1.90 supply zone, where sellers have repeatedly emerged in recent sessions.
What shoppers see
With XRP now holding above $1.84, attention turns to whether the price can attract follow-through above the $1.87-$1.90 resistance band. A clean break would signal wider acceptance of higher levels, while a failure to extend could see the token slip back to its recent consolidation area.
So far, the setup reflects cautious optimism: late-session accumulation improved the structure, but below-average volume suggests conviction remains limited.
