$XRP $XRP
Despite a significant $300 million offering by Webus to establish an XRP reserve, Ripple's XRP token has maintained its price stability, reflecting robust investor confidence and market resilience.
Webus's $300 Million XRP Reserve Initiative
Webus, a prominent fintech firm, recently announced a substantial $300 million investment aimed at creating an XRP reserve. This move is part of Webus's broader strategy to integrate XRP into its financial infrastructure, enhancing liquidity and facilitating cross-border transactions. The establishment of such a reserve is expected to bolster XRP's utility in global financial markets.
XRP's Market Performance Amidst Profit-Taking
In the wake of Webus's announcement, XRP's price has remained relatively stable, even as investors have realized significant profits. According to data from Santiment, XRP investors have booked over $700 million in profits, bringing the total realized profits to nearly $2 billion since the beginning of the week. Despite this profit-taking, XRP recorded a 4% gain on Thursday, indicating sustained bullish sentiment among investors .
Institutional Interest and Whale Activity
Institutional investors and large holders, often referred to as "whales," have shown increased interest in XRP. On-chain data reveals that wallets holding between 10 million and 100 million XRP have accumulated significant amounts, with over 260 million XRP acquired in the past 24 hours alone . This accumulation suggests confidence in XRP's long-term prospects, further supporting its price stability.
Regulatory Developments and Strategic Inclusion
XRP's inclusion in the U.S. Strategic Crypto Reserve, as announced by President Donald Trump, marks a pivotal moment for the cryptocurrency. This inclusion not only signifies governmental recognition but also potentially paves the way for the approval of XRP exchange-traded funds (ETFs). Six asset managers, including Bitwise, Grayscale, and WisdomTree, have filed for XRP ETFs, indicating growing institutional interest .
