XRP Price Climbs Amid $100M Investment, Ripple Collaborates with Portuguese Exchange

XRP is currently priced at $2.20, after rising 2.46% in a day and about 0.61% in a month. The rally follows VivoPower International PLC's VVPR deal to invest $100 million in XRP. 

Through an alliance strategy with Bitgo, VivoPower will rebrand itself as an XRP treasury and DeFi solutions company. Bitgo will be VivoPower’s sole trading and custody partner, gaining access to its OTC trading desk and institutional-grade asset storage. It comes after VivoPower raised $121 million to move towards on-chain finance. 

Don't Miss:

If other companies start putting money into blockchains, there will be concerns about available supply, price slippage, and market depth. Although Bitgo’s involvement mitigates some of the risk, concentrated buying can affect short-term volatility.

XRP is collaborating with Unicâmbio, Portugal’s largest exchange, and will provide international payment facilities. The integration will rely on Ripple’s On-Demand Liquidity system using XRP and RLUSD. It will allow instant settlement without pre-funding foreign bank accounts. The system promises unique features like lower transaction fees, faster execution, and full transparency for Unicâmbio’s corporate clients who process over 3,000 transactions daily.

According to Cryptobasic, analysts conducted a hypothetical exercise where XRP’s valuation potential was explored, assuming it processes 100% of the projected $300 trillion cross-border payments in 2030. At a reuse (velocity) level of 100 transactions per XRP a year, the price is estimated to be $51.06. When velocity was lowered to 10, the token needed to be over $510 to handle the same volume. 

While the assumptions are extremely optimistic and not indicative of near-future reality, they do reflect the asset’s long-term potential if adoption grows and velocity remains efficient.

The short-term price depends on the ongoing SEC vs. Ripple lawsuit, which could end up in a settlement. Such a settlement would clear the way for the highly anticipated XRP spot ETF, similar to Bitcoin’s BTC/USD ETF approval this spring. 

If XRP breaks above $2.50, the resistance levels could be similar to those from mid-May. The targets will be at $2.70, $3.00, and a possible run to the all-time high of $3.50. But if the token doesn't stay above $2.00, it will fall back into sub-$2 levels, which haven’t been seen since April.

VivoPower’s strategy and Ripple’s cross-border goals in Europe and Brazil suggest that XRP is earning more credibility as a functional digital asset. The market’s next direction will be dependent on macro regulatory clarity and technical price action around the $2 level.

More Opportunities:

Image: Shutterstock

BTC/USD Logo
$BTCBitcoin
$101555.97-3.04%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
94.39
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...