XRP Treasury Push: VivoPower Secures $19M for Expansion
London-based VivoPower International has raised $19 million in recent fairness at $6.05 per share, a premium to market, with the funds earmarked for its rising XRP digital asset treasury technique.
The transfer is seen as a present of the corporate’s deepening dedication to Ripple’s ecosystem at a time when the XRP value motion is drawing each optimism and warning from market analysts.
Strategic Expansion and Institutional Backing
According to an October 1 press launch, the elevate will supplement a beforehand disclosed Regulation S providing led by Prince Abdulaziz bin Turki bin Talal Al Saud. It attracted long-term institutional traders in each the U.S. and overseas, with administration saying that the recent funds will help debt retirement whereas rising the agency’s digital asset technique targeted on the acquisition, administration, and long-term holding of XRP.
This newest financing follows an announcement in September by VivoPower of a $30 million partnership with Doppler Finance to deploy XRP reserves, the primary section of a deliberate $200 million allocation.
At the identical time, the corporate has been experimenting with Ripple’s RLUSD stablecoin for cross-border transactions inside its Tembo EV unit. Since early final month, Tembo has been accepting RLUSD for worldwide funds, saying it affords quicker settlement and diminished prices in comparison with conventional banking.
However, the choice was not with out controversy, sparking debate amongst XRP supporters about why the agency selected the stablecoin over XRP for funds, although VivoPower didn’t remark immediately on the matter.
The Nasdaq-listed agency is among the many first to publicly commit sizable treasury sources to XRP, placing it in line with Ripple’s ecosystem progress in areas like tokenization and enterprise-grade funds.
Market Context and XRP Performance
The timing of VivoPower’s financing coincides with risky but largely constructive XRP market efficiency. At the time of this writing, the world’s third-largest cryptocurrency by market cap was buying and selling at $2.96, up 4.2% over 24 hours and three.2% throughout the final seven days. However, it’s nonetheless down 4.6% over the previous fortnight.
XRP is holding a 5.9% month-to-month acquire, whereas its one-year efficiency reveals an almost 392% progress. The token’s July peak at $3.65 nonetheless stands because the all-time high, with present costs about 18.6% under that stage.
Meanwhile, analysts are nonetheless divided over its This fall prospects. On October 1, market watcher Cobb told his almost 200,000 followers on X that he sees a path to $6.32 this quarter. Others like Amonyx have set a lot bolder targets of as much as $20, a stage that may require XRP’s market cap to fly previous $1 trillion.
Despite the optimism, some critics have cautioned that the asset’s streak of 5 consecutive inexperienced quarterly closes could also be due for a correction, resulting in predictions of a purple finish to 2025.
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