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Ripple News Today: XRP Price Drops Despite VivoPower’s $100M XRP Deployment

  • Nasdaq-listed VivoPower International plans to deploy $100 million worth of XRP tokens through the Flare blockchain to generate yield.
  • VivoPower becomes one of the first public companies to use XRP for treasury operations.
  • VivoPower will also utilize Ripple’s upcoming USD stablecoin for treasury management.
  • Flare provides a DeFi platform enabling XRP holders to earn yield, appealing to institutional investors.
  • Partnership between Flare and Ripple announced on social media strengthens use cases for XRP and Flare network.
  • XRP's price dropped over 2% in the last 24 hours as it moves within a pattern of climbing then pulling back.
  • XRP's price behavior suggests a potential rise followed by a drop, with $2.40 as a key resistance level.
  • A rejection at $2.40 could lead to a drop back to $1.86 where XRP has found support previously.

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