XRP advanced 4.26% to $1.85 during Wednesday’s session, recovering sharply from early weakness even as overall participation remained muted.
News background
Underlying sentiment towards XRP received a modest boost after VivoPower announced a partnership with Lean Ventures to acquire shares of Ripple Labs, indirectly providing exposure to nearly $1 billion worth of XRP.
The joint venture aims to raise up to $300 million in Ripple shares for institutional and qualified retail investors in South Korea, with VivoPower targeting approximately $75 million in management and performance fees over three years.
While the deal does not directly involve purchases of XRP, it reinforces institutional interest in Ripple-linked assets at a time when XRP price action remains technically sensitive.
The measure lagged the broader crypto market by about 1.2%, indicating that the gains were driven by specific token flows rather than an outright risk rotation.
price action
Price action stabilized after XRP fell to $1,797 in the European morning, before buyers stepped in during US hours and pushed the token towards session highs. The bounce established short-term support above $1.84, although the lack of sustained volume suggests institutions remain cautious at current levels.
The rally developed without a broad market catalyst, leaving technical positioning and flow dynamics as the dominant drivers. XRP’s ability to close near highs despite a lighter rotation points to controlled accumulation rather than chasing momentum.
Technical analysis
Late in the session, XRP saw concentrated bursts of institutional-sized activity that changed the intraday structure. Volume spikes at 03:25 and 03:26 UTC (totaling nearly 19 million tokens) decisively pushed the price through the $1.84 resistance area, turning it into short-term support.
Those flows helped complete an ascending intraday channel from the low of $1,797, marking the clearest technical development of the day. Still, the broader volume profile remains subdued, raising questions about whether the measure can be extended without broader market participation.
From a structural perspective, XRP is now consolidating just below the $1.87 to $1.90 supply zone, where sellers have emerged repeatedly over the past few sessions.
What traders are watching
Now that XRP holds above $1.84, attention turns to whether the price can attract a follow-through above the $1.87 to $1.90 resistance band. A clear breakout would indicate broader acceptance of higher levels, while failure to extend could see the token return to its recent consolidation range.
For now, the setup reflects cautious optimism: late-session accumulation improved the setup, but below-average volume suggests conviction remains limited.
