VivoPower Sells Ripple Labs Stake, Shifts Focus to AI Infrastructure

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3h ago

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Stake Sale Transaction: VivoPower is divesting its Ripple Labs stake to KWeather and Lean Ventures through a transaction linked to the KOSDAQ market, ensuring the sale occurs at market value to avoid digital asset losses, marking a significant strategic pivot for the company.
Equity Acquisition: As part of the transaction, VivoPower will acquire a 20% equity stake in KWeather, which not only enhances its influence in the South Korean market but also lays the groundwork for future collaborations, further advancing its focus on data center infrastructure.
Strategic Focus Shift: VivoPower has stated that the sale of its Ripple Labs stake aligns with its strategic shift towards AI data center infrastructure, aimed at supporting artificial intelligence computing needs globally across the UK, Australia, North America, Europe, the Middle East, and Southeast Asia.
Digital Asset Clarity: The company reiterated that the divestment of Ripple Labs does not indicate plans for future digital asset accumulation, and upon completion of the transactions, its balance sheet will remain free of direct digital asset ownership, ensuring financial clarity and stability.

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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	0.518	0.817	1.155	1.455	1.793	2.092	2.43
Fibonacci	0.817	1.061	1.211	1.455	1.698	1.849	2.092

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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