VivoPower International, headquartered in London, has successfully raised $19 million in new equity at $6.05 per share, a rate above the market’s current pricing. These funds are designated for enhancing its ongoing XRP digital asset treasury strategy.

This initiative highlights the company’s commitment to the Ripple ecosystem, particularly as XRP’s price movements generate a mix of optimism and caution among market analysts.

Strategic Expansion and Institutional Backing

On October 1, a press release confirmed that this funding will supplement a previously announced Regulation S offering led by Prince Abdulaziz bin Turki bin Talal Al Saud. This offering attracted long-term institutional investors both in the U.S. and other countries, aiming to support debt retirement while expanding the company’s digital asset strategy, focusing on the acquisition, management, and holding of XRP over the long term.

This funding follows a September announcement about a $30 million partnership with Doppler Finance aimed at deploying XRP reserves, part of a broader plan involving a $200 million allocation.

Furthermore, VivoPower has started experimenting with Ripple’s RLUSD stablecoin for cross-border transactions in its Tembo EV unit, which has begun accepting RLUSD for international payments to ensure faster settlement times and reduce costs compared to traditional banking alternatives.

However, this decision sparked some controversy among XRP advocates questioning the choice of stablecoin over XRP for payments, although VivoPower has not commented on the issue.

The Nasdaq-listed company is taking significant steps by allocating substantial treasury resources to XRP, aligning itself with Ripple’s growth in areas like tokenization and enterprise payments.

Market Context and XRP Performance

The timing of VivoPower’s fundraising comes during a volatile yet mostly positive performance for XRP. Currently, this cryptocurrency holds the position of the third-largest by market cap and was trading at $2.96, reflecting a 4.2% increase over the past 24 hours and 3.2% over the last week, yet still 4.6% lower over the previous two weeks.

XRP maintains a 5.9% increase for the month, with a remarkable 392% growth over the past year, while its peak of $3.65 in July remains the all-time high, with current trading prices about 18.6% below that peak.

Analysts are divided regarding its prospects for Q4. Market observer Cobb mentioned seeing potential for a price of $6.32 this quarter, while others set even more ambitious targets of up to $20, which would require XRP’s market cap to surpass $1 trillion. However, some express concerns about possible corrections following a streak of five consecutive quarters of positive results.