- Saudi royals have invested $121 million into an XRP-focused treasury, signaling strong institutional confidence.
- With a key SEC decision approaching, XRP price predictions are rising, targeting $2.91 and beyond.
Ripple’s XRP is grabbing global headlines as a $121 million bet from Saudi royalty reshapes market sentiment and price predictions. His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud has led a private placement into VivoPower International, marking the first time a publicly traded company has embraced an XRP-focused treasury strategy. This bold move is already sending ripples through the crypto world, just as the SEC prepares for a crucial closed-door meeting that could decide XRP’s regulatory fate.
The investment signals growing institutional confidence in XRP. Prince Abdulaziz described the initiative as “a first-of-its-kind strategy that aligns with a long-term vision for digital assets.” Analysts are eyeing a potential price breakout, with many forecasting a rise to $2.91, especially if the SEC opts to settle the longstanding case against Ripple.
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The timing of this investment couldn’t be more pivotal. The SEC’s final scheduled meeting for May 29 has fueled speculation of a possible settlement. Legal experts believe this could end years of uncertainty over XRP’s classification and pave the way for mainstream institutional adoption.
VivoPower’s Executive Chairman Kevin Chin, a longtime XRP holder, emphasized the strategic nature of the treasury move, noting the potential to scale the model in a way that benefits both the XRP community and company stakeholders. Former Ripple board member Adam Traidman has also joined the project, underlining its significance.
Despite a slight dip in XRP’s value following the announcement—down 2% on the day and over 5% on the week—the price prediction landscape remains bullish. Investors reportedly bought in at $6.05 per share, suggesting long-term confidence in XRP’s growth. With resistance levels at $2.50 and $2.6553 in sight, technical analysts believe a breakout above $3 could quickly propel XRP to previous highs near $3.55.
As global financial powers like Saudi Arabia begin backing Ripple, and the SEC’s next move inches closer, XRP is shaping up to be one of the most watched assets in crypto’s next chapter.
