Quick overview

Live XRP/USD Chart

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Vivopower, listed on the Nasdaq, is investing its funds into XRP with a bold $100 million wager, collaborating with Bitgo to drive its revolution. On June 2, Bitgo announced a strategic partnership with Vivopower International that will support Vivopower in acquiring $100 million worth of XRP as part of its transformation into “an XRP treasury and decentralized finance solutions company.”

 

Through this partnership, Bitgo has been designated as Vivopower’s exclusive trading and custody partner, utilizing Bitgo’s over-the-counter (OTC) trading platform and secure asset storage systems. This initiative, backed by a recent $121 million funding round, marks a significant step in Vivopower’s digital transformation.

Vivopower is a multinational provider of services and technology for electric vehicle batteries.

Demand for XRP surged after reports emerged that Bitgo and Vivopower had formed a strategic alliance to purchase an initial $100 million worth of the token for treasury purposes. The supply-demand equilibrium could shift markedly in favor of XRP if corporate

The demand for XRP in America is increasing. The Ripple case continues to be the primary factor driving this trend. If the SEC and Ripple reach a settlement, the possibility of an XRP spot ETF market could become a reality.

Similar inflows to the US Bitcoin spot ETF market might allow XRP to reach new all-time highs if the SEC approves the pending XRP spot ETF applications. If XRP surpasses $2.5, it could potentially reach its peak of $2.7, which was last seen on May 12. If the bulls can maintain a break above $2.75, they might set their sights on $3 and ultimately the all-time high of $3.5.

However, if it dips below $2, XRP could be exposed to sub-$2 levels for the first time since April 11.