Good news for Ripple investors and a clear sign of growing integration into traditional markets: on Monday, VivoPower and Wellgistics Health announced that they have adopted XRP as a treasury asset. Departing from the usual choices of Bitcoin and Ethereum, the news was reported by John Kojo Kumi at Coincu.
VivoPower raised $121 million, led by Prince Abdulaziz Al Saud, for the purchase of XRP. Wellgistics Health secured a $50 million line of credit to incorporate XRP into its payment platform. These moves highlight a shift in corporate treasury strategies in favor of XRP.
The shift includes potential reductions in transaction costs and faster settlement times thanks to the efficiency of blockchain technology. Wellgistics CEO Brian Norton emphasized: “At Wellgistics Health, we challenge the notion that healthcare must be tied to legacy systems, bloated intermediaries, and slow-moving money… Our blockchain-based payment and ledger system is simply the next logical step in the evolution of healthcare, allowing us to integrate speed, liquidity and transparency into a system that has long lacked all three.” VivoPower, with Adam Traidman as chairman of the advisory board, aims to leverage its deep ties with the Ripple ecosystem.
Market reactions were notable, with both companies seeing gains in pre-market trading: VivoPower rose between 8% and 15%, and Wellgistics between 8% and 10%. This adoption aligns with the growing institutional recognition of XRP, further highlighted by CME Group’s planned launch of XRP futures. Broader institutional adoption could strengthen XRP’s standing in digital asset markets.
XRP was trading at $3.53 with a market capitalization of $209.18 billion, accounting for 5.36% market dominance. Its 24-hour trading volume reached $9.96 billion, reflecting a 21.24% increase. XRP’s price surged 20.66% over the past week and 69.68% in the last 30 days, according to CoinMarketCap.
Coincu’s analysis suggests that strategies driven by low fees and fast processing times could position XRP as a viable option for companies seeking efficient cross-border solutions. Regulatory clarity remains crucial for driving broader institutional adoption.
Ripple opened Tuesday’s session up at $3.54. The 70- and 200-period moving averages remain below July’s candlesticks, the RSI is rising at 85 points, and the MACD lines are above the zero level.
The price has broken through long-term resistance. Meanwhile, Ei indicators show mixed signals.
Source: Yahoo! Finanzas
