XRP REBOUNDS FROM EARLY DIP AS BUYERS DEFEND $1.80 SUPPORT
XRP rose 4.26% to $1.85 on Wednesday, bouncing back strongly from early losses despite overall market activity remaining subdued.
Investor sentiment toward XRP received a modest boost after VivoPower announced a partnership with Lean Ventures to acquire equity in Ripple Labs, indirectly giving exposure to nearly $1 billion worth of XRP.
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The joint venture plans to source up to $300 million in Ripple shares for institutional and qualified retail investors in South Korea. VivoPower expects to earn approximately $75 million in management and performance fees over three years.
Although the deal does not involve direct XRP purchases, it signals growing institutional interest in Ripple-related assets at a time when XRP’s price remains technically sensitive.
XRP’s gains during this period lagged the broader crypto market by around 1.2%, suggesting that the upward move was driven primarily by token-specific flows rather than a broader risk-on market rotation.
XRP Price Action Stabilizes Above $1.84 Support
XRP’s price steadied after dipping to $1.797 during the European morning before buyers stepped in during U.S. trading hours, pushing the token toward session highs. The rebound established short-term support above $1.84, although muted volume indicates that institutional participation remains cautious at current levels.
The rally occurred without a broad market catalyst, suggesting that technical positioning and flow dynamics were the main drivers. XRP’s ability to hold near the highs despite lighter turnover points to controlled accumulation rather than momentum chasing.
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Technical Analysis: Institutional Flows Drive Intraday Structure
Late in the session, concentrated institutional-sized trades shifted XRP’s 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, converting it into short-term support.
This activity completed an ascending intraday channel from the $1.797 low, marking the clearest technical development of the day. Despite this, the broader volume profile remains subdued, raising questions about whether the move can extend without wider market participation.
From a structural perspective, XRP is now consolidating just below the $1.87–$1.90 supply zone, where sellers have repeatedly emerged in recent sessions.
What Traders Are Watching
With XRP holding above $1.84, the key focus is whether the price can break through the $1.87–$1.90 resistance band. A clean break would signal broader acceptance of higher levels, while failure to extend could see the token slip back into its recent consolidation range.
For now, the setup reflects cautious optimism: late-session accumulation improved structure, but below-average volume suggests limited conviction among traders.
Conclusion
XRP demonstrated resilience on Wednesday, bouncing back from early losses and holding key support near $1.80–$1.84. The recovery was primarily driven by token-specific flows and growing institutional interest, highlighted by VivoPower’s partnership with Lean Ventures to acquire Ripple Labs equity.
While short-term technical levels point to cautious optimism, overall volume remains subdued, indicating that broader market participation is limited. Traders will be closely watching whether XRP can break the $1.87–$1.90 resistance zone, which would signal a stronger bullish structure. Until then, accumulation above $1.84 is likely to remain controlled rather than speculative.
FAQs
Q1: What caused XRP to rebound on Wednesday?
A: XRP bounced from early losses due to institutional flows and technical buying, stabilizing above the $1.84 support level.
Q2: How did the VivoPower and Lean Ventures deal affect XRP?
A: The partnership indirectly exposed investors to nearly $1 billion worth of XRP, signaling growing institutional interest in Ripple-related assets.
Q3: What are the key technical levels to watch for XRP?
A: Short-term support is $1.84, while resistance lies at $1.87–$1.90. A break above resistance could signal further upward momentum.
Q4: Did XRP’s rebound reflect broader market movement?
A: No, the move was largely token-specific, lagging the broader crypto market by about 1.2%, suggesting limited participation from other investors.
Q5: What does XRP’s current volume indicate?
A: The subdued volume suggests cautious accumulation rather than speculative buying, highlighting that investors remain careful around current levels.
