XRP rose 4.26% to $1.85 during Wednesday’s session, recovering strongly from its initial weakness, although overall participation remained subdued.
News context
Underlying sentiment towards XRP increased slightly after VivoPower announced a partnership with Lean Ventures to acquire the shares of Ripple Labs, indirectly providing exposure to nearly $1 billion worth of XRP.
The joint venture aims to provide up to $300 million worth of Ripple shares to qualified institutional and retail investors in South Korea, with VivoPower targeting approximately $75 million in management and performance fees over three years.
Although the deal does not directly involve purchases of XRP, it increases institutional interest in Ripple-related assets at a time when XRP price action remains technically sensitive.
The move lags the broader crypto market by about 1.2%, indicating that gains were driven by token-specific flows rather than a full 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 near-term support above $1.84, although the lack of sustained volume suggests institutions remain cautious at current levels.
The rally unfolded without a broad market catalyst, leaving technical positioning and flow dynamics as the dominant drivers. XRP’s ability to close near highs despite lighter turnover indicates controlled accumulation rather than continued momentum.
Technical analysis
Late in the session, XRP saw concentrated bursts of institutional-sized activity that shifted the 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 zone, converting it into near-term support.
These flows helped complete an ascending intraday channel from the $1.797 low, marking the clearest technical development of the day. Nonetheless, the broader volume profile remains subdued, raising the question of whether the move can continue 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 appeared repeatedly over the past few sessions.
What traders are watching
With XRP now holding above $1.84, attention turns to whether the price can attract follow-through above the $1.87 to $1.90 resistance band. A clear breakout would signal broader acceptance of higher levels, while failure to extend could see the token fall back into its recent consolidation range.
For now, the pattern reflects cautious optimism: late-session accumulation has improved the structure, but below-average volume suggests conviction remains limited.
