VivoPower Establishes $300M Joint Venture to Purchase Shares in Ripple Labs
Joint Venture Announcement: VivoPower has partnered with Lean Ventures to create a joint venture aimed at acquiring up to $300 million in Ripple Labs shares, targeting institutional investors interested in Ripple exposure without direct XRP trading.
Market Reaction: Following the announcement, VivoPower's shares rose over 13%, reflecting positive market sentiment towards the Ripple-focused investment strategy.
Management and Oversight: The investment vehicle will be managed by Lean Ventures, which adds institutional credibility, while VivoPower's digital asset division, Vivo Federation, will oversee the sourcing and purchase of Ripple shares.
Revenue Expectations: VivoPower anticipates generating approximately $75 million in management and performance fees over three years, contingent on the fund's size and performance, with strong interest from Korean investors in Ripple-related products.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.603 | 0.86 | 1.166 | 1.423 | 1.729 | 1.986 | 2.292 |
| Fibonacci | 0.86 | 1.075 | 1.208 | 1.423 | 1.638 | 1.771 | 1.986 |
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