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XRP broke above the $3 level on October 2, gaining 3.3% in 24 hours. The token reached $3.04 with a market capitalization of $181.8 billion.
Daily trading volume surged past $6.1 billion. The price movement followed a corporate treasury announcement from VivoPower International.
VivoPower International completed an additional closing of its $19 million equity raise. The Nasdaq-listed company priced shares at $6.05, representing a premium to market value.
⚡️XRP TREASURY RAISE COMPLETED
Nasdaq-listed VivoPower secured $19M via a common stock. Funds to be used for focused on acquiring and long-term holding of $XRP. pic.twitter.com/MM8jgJnFIc
— Coin Bureau (@coinbureau) October 2, 2025
The capital will fund the expansion of XRP digital asset treasury operations. Additional funds will support enterprise scaling and debt reduction.
The sustainable energy company has repositioned itself as a digital treasury firm. XRP now serves as the centerpiece of this strategic transformation.
VivoPower outlined plans to boost long-term ownership of XRP. The company also aims to invest in XRP Ledger ecosystem development and expand blockchain applications.
Operating since 2014 and publicly traded since 2016, VivoPower maintains operations in the UK, Australia, North America, Europe, the Middle East, and Southeast Asia.
This represents an unusual move for a Nasdaq-traded corporation. Making XRP central to reserve policy demonstrates growing institutional interest in digital assets.
Market participants view the decision as validation for XRP among traditional finance players. The announcement has strengthened discussions around institutional adoption.
XRP posted gains of nearly 10% over the past week. Momentum built after VivoPower’s October 1 announcement.
XRP is testing the upper boundary of a descending triangle pattern. This technical formation has contained price action since July 2025.
The $3 level aligns with Elliott Wave analysis and Fibonacci extension projections between $2.99 and $3.00. Trader CasiTrades advised waiting for confirmed support at $2.99 before entering new positions.
Dont buy into the breakout- wait for a support test! $XRP pic.twitter.com/m0FmenWopE
— CasiTrades 🔥 (@CasiTrades) October 2, 2025
Momentum indicators suggest overbought conditions. This raises the possibility of pullbacks to support zones between $2.78 and $2.85.
A clean break above triangle resistance opens the door to $4.06. Extended targets include $5.00 and potentially $5.60 based on pattern projections.
The daily chart shows persistent consolidation within the triangle structure. The 3-day timeframe displays a continuation pattern following summer rally activity.
Support levels sit at $2.80 for near-term backing and $2.40 for stronger structural support. Resistance begins at $3.30 to $3.50 where the trendline meets previous highs.
The token currently trades roughly 20% below its all-time high. XRP reached $3.84 in January 2018.
A sustained close above $3 could activate higher Fibonacci targets. The $3.30 zone represents the immediate challenge for bulls attempting to extend gains.
Chart patterns on multiple timeframes align at this decision point. Both daily and 3-day charts show XRP approaching the apex of its triangle formation.
The broader crypto market environment supports renewed interest in altcoins. This backdrop provides favorable conditions for breakout attempts.
VivoPower’s equity raise completion at premium pricing demonstrates investor confidence. The company’s pivot to digital treasury operations with XRP integration marks a shift in corporate strategy.
XRP maintains its position with $181.8 billion in market capitalization and daily volume exceeding $6.1 billion as of October 2.
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