⚠️ XRP on Edge — Webus Files $300M XRP Treasury With SEC Amid Critical Support Test!

The 50-period EMA supports XRP, while the 100-period EMA resists.

To fund $300 million for XRP treasury strategy and Ripple-powered payments, China-based Webus International files with the SEC.

Increasing derivatives market Open Interest over $4 billion and short liquidations rising suggest bullish momentum.
Ripple (XRP) has stopped after hitting $2.27 barrier. Due to bitcoin market sluggishness, the token is trading at $2.24 on Wednesday. This tight, range-bound movement follows Webus International, a Chinese corporation, filing with the US SEC to seek money for a strategic XRP treasury. Growing institutional demand may reverse the token's trajectory.

Webus International requests $300 million for XRP treasury strategy.

Webus International, a fast-paced AI-driven hotel mobility solutions firm, filed with the SEC to fund $300 million for an XRP-focused corporate treasury strategy.

Following a May 29 notice, the Commission and US investors received a Form 6-K filing on Tuesday. Webus plans to finance the treasury project and Ripple-powered payments with a non-equity credit facility.

Webus partnered with asset management company Samara Alpha to create. To simplify cross-border travel and hotel transactions, the firm will build the strategic reserve and incorporate Ripple-based blockchain payments into Webus.

Webus is the latest firm to implement XRP and Ripple's payment system. In recent weeks, institutional interest in XRP and associated products has grown. On Tuesday, VivoPower launched a $121 million XRP-focused treasury. After Coinbase Derivatives and CME Group launched XRP futures contracts.

XRP solidifying as institutions adopt
XRP trades between the 4-hour 50-period Exponential Moving Average (EMA) support at $2.22 and the 100-period EMA resistance at $2.26.

A recent rebound after last week's collapse to $2.07 failed to break above $2.27 support, causing the reversal.

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