- The price of XRP in a three -day winning series and a $ 100 million purchase plan by Vivopower on the Nasdaq Stock Exchange is a major incentive to buy.
The XRP price has regained $ 2.20 amid wider recovery through the encryption market. The currency was traded at a price of $ 2.20 at the time of the press, as it remained on its course to record the fourth successive profit. With the trading volume increased by 24.8 % in the past 24 hours, the bullish momentum is likely to remain in the upward direction. In addition, the news of the acquisition of $ 100 million by Vivo Power has strengthened the basics of the currency as investors are waiting for ETF decision.
VivoPower, a sustainable energy solution company listed on the NASDAC Stock Exchange, has collected $ 100 million to buy XRP, and joins the list of institutions that considers a valuable growth coding currency. BITGO will be the trading partner and exclusive custody of the deal, which is a major step in the Vivopower trip to build a strong presence in decentralized financing, supported by the XRP treasury.
Elsewhere, the Dubai Financial Services Authority agreed to RLUSD for use at the International Financial Center in Dubai. Increased integration in the RLUSD Stablecoin in the prevailing financial markets enhances the XRP, which is good for the upward prices of the original. XRP open interest contracts increased by 0.92 % in 24 hours to this writing, reaching $ 1.8 billion, according to practical analysis data. In addition, the long/short percentage was at 3.75 on the shorter time frame for 4 hours. These factors add credibility to the possible continuation of the XRP price movement in the short term.
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XRP prediction price
The momentum on the price of XRP calls for more upward trend over $ 2.20. This momentum is likely to fulfill the first obstacle at $ 2.22. However, the expanded control by buyers will show this barrier and possibly test $ 2.24. On the other hand, going to less than $ 2.20 will prefer sellers to control. If this happens, it is possible that the Xrpusd pair will decrease and lose the first support at $ 2.19. The collapse under this level will nullify the bullish direction. Moreover, the resulting momentum can extend the downside and test $ 2.18.
