- The Saud family supports the XRP treasure of $ 121 million, since the SEC decision is imminent, and give Riples right and market narrative additional institutional weight.
- XRP has a target of $ 2.91 and a resistance at $ 2.6553, whereby the course direction depends on the SEC decision and long-term investment.
In a week that was characterized by geopolitical complications and many expectations, XRP has again attracted attention after a $ 121 million investment supported by the Saudi royal family. Prince Abdulaziz bin Turki Abdulaziz al Saud led the private placement in Vivopower International, which is now the first listed company that is pursuing a strategy based on XRP for financial reserves.
This Step falls together with a highly expected closed conference of the US stock exchange supervision SEC, which is scheduled for May 29 and could have an impact on Ripple’s long-term legal dispute. Together, these factors contribute to the focus of the institutional investors, with analysts now considering a short -term goal of $ 2.91.
The funds for the investment were provided by a placement worth $ 121 million under the direction of the Eleventh Holding, which is led by Prince Abdulaziz. Vivopower intends to use the proceeds for the purchase of XRP for its treasury, a model that US companies already used for Bitcoin, but not yet used for the ripple token.
According to Prince Abdulaziz’s announcement, this transaction will open new opportunities for institutions to the administration of digital assets. He pointed out that Vivopower and the XRP network share similar values. The decision adds an important geopolitical element to the history of XRP, especially since many countries in the region focus on blockchain investments.
SEC meetings will determine the new regulatory practice
While the capital increase caused optimism under Saudi leadership, the market participants observe the regulatory signals from Washington. The closed session of the SEC this week includes discussions about legal disputes, of which legal observers believe that they could affect the case of the authority against Ripple.
Since 2020, Ripple has contested the classification of XRP as a securities through the SEC. Although the company won partial success in 2023 and 2024, the final status of the institutional XRP sales is still unsolved.
If the SEC causes an agreement, it could set clearer guidelines for the classification of XRP and eliminate an important source for legal overhangs. Some experts believe that a solution could influence the way the supervisory authority evaluates other digital assets from now on.
XRP price is in the middle of the weekly setback
Despite the announcement of Ripple, the market price of XRP fell by over 2 %when the Vivopower deal became known. Last week the share price fell by more than 5 %. According to analysts, it usually takes some time for the effects of institutional investments to be noticeable on prices.
At the moment the resistance of XRP is tested at $ 2.50 and $ 2.6553. If the current level of support fails, this could lead to $ 2.91. If the price climbs over $ 3, it could test the highest level of 2018, which was $ 3.5505.
The company has further strengthened its growth by naming Adam Traidman, former board member of Ripple and CEO of SBI Ripple Asia, chairman of the advisory committee. With his understanding of blockchain in financial services, he will help the company to adapt to the administration of a crypto treasury.
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