🔍 Introduction

In the midst of the uncertainty reigning in the cryptocurrency market, XRP finds itself at a technical and fundamental crossroads. The recent request by Webus International to raise $300 million before the SEC to strengthen its treasury with XRP has ignited institutional interest, but it has also placed the token under significant pressure.

💼 Webus International and its XRP Treasury Strategy

Applicant: Webus International, a Chinese company specializing in AI-driven hotel mobility solutions.

Purpose of the Request: To finance $300 million through a corporate treasury strategy with XRP and Ripple-based payments.

Submission: Form 6-K was delivered to the SEC and US investors on Tuesday, following a prior notice on May 29.

Strategic Partners: Samara Alpha, an asset management company, will collaborate with Webus to implement blockchain-based payments and facilitate international hotel transactions.

📈 Technical Context of the Day

EMA 50 Periods (Support): $2.22

EMA 100 Periods (Resistance): $2.26

Key Resistance Level: $2.27 (not surpassed in the last rebound)

Last Reported Price: $2.24 (Wednesday)

Recent Low: $2.07 (rebound without confirming the bullish breakout)

🔗 Market Overview and Institutional Sentiment

Open Interest in Derivatives: Exceeds $4 billion, suggesting potential bullish momentum.

Increase in Short Liquidations: Indicates that some investors are covering bearish positions, reflecting the expectation of a potential rebound.

Competition and Expansion:

VivoPower: Recently launched a treasury focused on XRP for $121 million.

Coinbase Derivatives and CME Group: Expansion of XRP futures contracts.

🌐 Implications for Institutional Adoption

Webus is not alone in this bet on XRP. The growing implementation of Ripple-based cross-border payment solutions is cementing the token as a key option for corporate treasury strategies, especially in companies with international operations. However, technical volatility continues to pose a significant risk for these investors.

⚠️ Conclusion

Webus International's move could redefine the XRP landscape if it manages to maintain investor confidence and stabilize technical support at $2.22. However, the inability to surpass the key resistance at $2.27 could indicate a pullback if the Bitcoin market does not regain momentum.

❓ Final Question

Will Webus International be able to sustain its ambitious $300 million treasury strategy and consolidate institutional adoption of XRP, or will it succumb to the technical market pressure and global indecision?

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