The digital currency XRP managed to recover today to reach 1.85 dollars after an initial significant drop. Analyst Shaurya Malwa from CD Analytics highlighted that institutional interest in Ripple remained solid throughout the day. This technical boost allowed the asset to overcome key resistance levels in the short term.
Market sentiment improved following VivoPower’s announcement regarding its partnership with Lean Ventures. This strategic alliance seeks to acquire Ripple Labs equity to offer it to qualified international investors. Thus, the indirect corporate backing strengthened the confidence of various traders in the ecosystem. Furthermore, the project plans to manage up to 300 million dollars in shares through this structure.
The firm VivoPower estimates generating nearly 75 million dollars in fees over three years. Therefore, institutional interest in Ripple does not depend solely on direct purchases of the native token. Although the deal involves company equity, the market links these movements to the asset’s value. Likewise, specific capital flows dominated price action above the general market.
Is this rally the beginning of a deeper institutional accumulation phase?
The price found dynamic support at 1.797 dollars during the morning hours. However, buyers intervened strongly during the United States trading session to raise the price. Transaction volume remained low, but buy orders were executed strategically. Therefore, the intraday technical structure showed a considerable improvement at the close of the session.
Analysts detected unusual volume spikes totaling nearly 19 million tokens traded quickly. These movements allowed the asset to definitively break through the 1.84 dollar barrier. Nevertheless, the lack of massive participation generates caution among experienced investors in the sector. It is also relevant to note that cryptocurrencies often react to these specific institutional capital flows.
Will the bulls be able to sustain momentum against the next technical resistance zones?
The asset is currently consolidating just below a critical supply zone for the price. Sellers have traditionally appeared in the range between 1.87 and 1.90 dollars. Therefore, institutional interest in Ripple will be the determining factor to break this psychological barrier. A close above these levels would attract greater liquidity toward the asset market.
Current perspectives reflect moderate optimism based on large-scale capital accumulation. Despite the reduced volume, the ability to maintain key support levels is a positive signal for the future. Traders are expected to closely monitor the 1.90 dollar zone moving forward. The institutional interest in Ripple will continue to dictate the recovery pace over the coming days.
