XRP rose 4.26% to $1.85 on Wednesday, showing a strong recovery from early losses despite overall participation remaining low.
News background
Sentiment towards XRP got a slight boost after VivoPower announced a collaboration with Lean Ventures to acquire equity in Ripple Labs, indirectly linking to nearly $1 billion worth of XRP.
The joint venture plans to raise up to $300 million in Ripple shares for institutional and qualified retail investors in South Korea, with VivoPower aiming for around $75 million in management and performance fees over three years.
Although this deal does not involve direct XRP purchases, it highlights institutional interest in Ripple-associated assets amid technically sensitive price movements for XRP.
The gains lagged the broader crypto market by about 1.2%, indicating that the advances were led by token-specific inflows rather than a general risk-on trend.
Price Action
Price action became stable after XRP dropped to $1.797 in the European morning, with buyers emerging during U.S. hours to push the token towards session highs. This rebound created short-term support above $1.84, although a lack of sustained volume suggests institutions are cautious at these levels.
The rally happened without broader market support, emphasizing that technical positioning and flow dynamics are the primary influences. XRP’s ability to close near highs despite lower turnover indicates controlled accumulation rather than momentum-driven trading.
Technical Analysis
Towards the end of the session, XRP experienced notable bursts of institutional-sized activity that altered the intraday structure. Volume spikes at 03:25 and 03:26 UTC — totaling nearly 19 million tokens — pushed the price decisively through the $1.84 resistance area, turning it into short-term support.
These flows contributed to establishing an ascending intraday channel from the $1.797 low, marking the day’s clearest technical development. Nonetheless, the overall volume profile remains low, prompting questions about the sustainability of this movement without broader market participation.
Structurally, XRP is currently consolidating just below the $1.87–$1.90 supply zone, where sellers have frequently appeared in recent sessions.
What traders are watching
With XRP maintaining above $1.84, focus shifts to whether the price can gain momentum above the $1.87–$1.90 resistance zone. A clear breakout would indicate wider acceptance of higher levels, while a failure to extend might send the token back into its recent consolidation range.
For now, the situation reflects cautious optimism: late-session accumulation has improved the structure, but below-average volume indicates that conviction remains limited.
