⚠️ XRP on Edge: $300M Treasury Play Filed with SEC as Price Tests Key Levels
📉 XRP currently ranges between:
• Support: 50 EMA @ $2.22
• Resistance: 100 EMA @ $2.26
🔄 Price: $2.24 after rejection at $2.27
💼 Webus International, a China-based AI-driven hotel mobility firm, has filed a $300M XRP treasury strategy with the SEC — using a non-equity credit facility.
🔗 In partnership with Samara Alpha, the funds will:
• Power Ripple-based payments
• Build a strategic XRP reserve
• Streamline global hotel and travel transactions via blockchain
📈 On-chain signal:
• Open Interest in XRP derivatives exceeds $4B
• Short liquidations rising → Bullish pressure building
🧠 Institutional interest is heating up:
• VivoPower recently announced a $121M XRP treasury
• Coinbase Derivatives & CME launched XRP futures
The stage is set. One catalyst could send XRP flying.
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