XRP's (XRP) current pricing remains stable between $2.98 and $3.10, with bulls showing resilience in defending the $3 support level.
VivoPower International, a leading energy solutions provider, has been actively building its XRP position, contributing to a bullish outlook for the digital asset. The company's strategies include purchasing Ripple shares worth $100 million, forming partnerships, and expanding its proof-of-work mining unit.
In a significant move, VivoPower became one of the first publicly traded companies to establish an XRP treasury when it raised $121 million for its initial entry in May 2025. Since then, the company has been continually growing its XRP holdings through various means, including mining asset swaps.
The current XRP price action remains constrained within a range of $2.98 to $3.10, with the digital asset trading at $3.04 as of now. Despite this, the asset has posted gains of 9.55% in September, and the rising open interest in XRP futures suggests renewed speculative activity and growing trader conviction.
Support levels for XRP remain firm at $2.74, with deeper support near $2.51. A breakout above $3.10 could open a path toward $3.50, while failure to hold $3.00 might push the price back to the $2.74 support zone.
VivoPower's partnerships aim to leverage Flare's decentralized finance protocols to generate revenue streams from the treasury. One such partnership is with Doppler Finance, for a $30 million pilot program to deploy XRP into structured yield strategies designed for institutional investors.
Moreover, VivoPower has partnered with Flare Networks, deploying $100 million worth of XRP onto the layer-1 chain. This move is expected to further strengthen VivoPower's position in the XRP market.
The MACD indicator for XRP recently turned bullish, adding to the positive sentiment surrounding the digital asset. However, the current data shows XRP has not yet entered a full rally phase but is showing early signs of breaking out of its consolidation.
Analysts suggest the probability favors upside continuation rather than a deeper decline as long as the $3.00 level continues to hold. With 88% of 1.5 million voters remaining bullish on XRP's future performance, the digital asset continues to trade above its 200-day moving average at $2.51, indicating a strong bullish trend.
In conclusion, VivoPower's strategic moves and partnerships are contributing to a bullish outlook for XRP, with the digital asset showing signs of breaking out of its current range. As the market continues to evolve, it will be interesting to see how these developments unfold.
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