VivoPower Introduces $300 Million Ripple Equity Fund in South Korea
VivoPower's New Fund: VivoPower has launched a $300 million equity fund focused on Ripple, allowing South Korean investors to access Ripple's equity without purchasing XRP, with approval from Ripple Labs.
Fund Management and Structure: The fund is managed by Lean Ventures, targeting institutional and qualified retail investors, and aims to generate over $75 million in fees over three years while expanding Ripple equity exposure.
Strategic Focus on South Korea: The fund's strategy is centered on South Korea due to high investor demand, with indications that equity exposure may offer better valuations than current XRP prices.
Revenue and Market Expectations: VivoPower anticipates significant management and performance fees, with potential increases in returns tied to Ripple's valuation, all under a regulated financial framework.
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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 | 0.516 | 0.816 | 1.153 | 1.454 | 1.791 | 2.091 | 2.428 |
| Fibonacci | 0.816 | 1.06 | 1.21 | 1.454 | 1.697 | 1.848 | 2.091 |
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