Latest news with #WebusInternational
Economic Times
16-06-2025
- Business
- Economic Times
XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally
Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Solana 13,457.87 ( 8.14 %) Buy Ethereum 2,25,649 ( 4.29 %) Buy XRP 189.33 ( 1.96 %) Buy Bitcoin 92,05,220 ( 1.85 %) Buy BNB 56,422 ( 1.34 %) Buy Tired of too many ads? Remove Ads Solana and XRP saw strong gains on Monday, driven by rising institutional interest and positive momentum in the broader crypto surged 8% to $156.9, while XRP gained 2.5% to reach $2.20 in intraday to Ryan Lee, Chief Analyst at Bitget Research , XRP's rally is being fuelled by significant corporate allocations, with institutional treasuries holding over $470 million worth of the token. 'Firms like Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million) have allocated sizeable amounts to XRP,' Lee said, highlighting its appeal as a low-cost, high-speed settlement added that this growing corporate interest reflects greater regulatory clarity and rising demand, creating the conditions for a long-term uptrend. 'With XRP trading around $2.20, continued institutional buying and momentum from potential ETF listings could drive the price toward $3 to $5 by June 2025—although legal developments will remain a key factor.'Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff Meanwhile, Solana is also attracting renewed investor attention. The token is hovering near $155, underpinned by strong fundamentals. On-chain data show Solana's application revenues exceeded $1.2 billion in Q1, and futures open interest is rising—signalling both speculative and institutional participation.'Despite intermittent technical setbacks, Solana's ecosystem continues to expand,' Lee noted. 'With ETF support and ecosystem growth, SOL could rally toward $200–$250 in the near term, and potentially test $300 if current momentum sustains.'While the outlook for both altcoins appears promising, analysts advise investors to remain cautious of regulatory risks and potential network Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven
Yahoo
05-06-2025
- Business
- Yahoo
Chinese Firm Webus' Stock Jumps After Filing With SEC for $300M XRP Strategic Reserve
China-based Webus International (WETO) filed a Form 6-K with the U.S. Securities and Exchange Commission on Tuesday with plans to build a $300 million XRP-focused corporate treasury. The filing follows an earlier May announcement by the firm, which aims to fund the initiative using loans and credit facilities rather than new share issuances. Webus plans to integrate Ripple's payment network into its business, aiming to streamline cross-border payments and improve booking transparency across its global chauffeur services. The announcement follows VivoPower International's plans to build a $121 million XRP treasury, indicative of growing interest from corporations in the fourth-largest token by market cap. The financing plan is non-binding and subject to final agreements and due diligence. The provider of customizable car and touring services for travelers worldwide added that it was renewing a partnership with Tongcheng Travel Holdings, one of China's largest online travel agencies, to extend their 'Wetour x Tongcheng' charter lines, stating they would aim to use the XRP Ledger to settle cross-border rides and driver payouts. XRP is up 2% in the past 24 hours, alongside muted gains in the broader crypto market. Meanwhile, the Nasdaq-listed firm's shares rose about 9% in early trading on Wednesday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-05-2025
- Business
- Yahoo
XRP Down 4% as Global Economic Tensions Trigger Market Selloff
XRP fell as much as 6% over the past 24 hours as global economic tensions rattled financial markets, triggering a wave of liquidations and pushing prices below key support levels. The token dropped from $2.20 to $2.14 as the broader crypto market shed 3.81% of its value, settling at a total market cap of $3.3 trillion. The volatility comes in the wake of the U.S. Court of International Trade's decision to overturn Trump's trade tariffs, reigniting trade policy concerns and sending ripples across risk assets. XRP wasn't immune, with over $29.68 million in long positions liquidated as traders scrambled to adjust their exposure. China-based Webus International said Friday it plans to raise up to $300 million through non-equity financing to support its global chauffeur payment network with an XRP reserve. The initiative aims to integrate XRP's cross-border settlement capabilities into Webus' ecosystem, including on-chain booking records and a Web3-based loyalty program. Webus is renewing its partnership with Tongcheng Travel Holdings to use the XRP Ledger to settle cross-border rides and driver payouts. Bitget listed Ripple's RLUSD stablecoin late Thusday. Ripple published a cross-border payments report on Friday. Cross-border payments underpin the $31.6 trillion B2B market, projected to hit $50 trillion by 2032. Traditional multi-intermediary rails are slow, costly and opaque, facing regulatory and transparency hurdles. Blockchain-based solutions like Ripple's stablecoin network promise near-instant, cheaper, visible settlement, enhancing liquidity, global expansion, talent payments and customer trust, while reducing failed transfers, the report said. XRP found strong selling pressure at the $2.21 resistance level, failing to mount a sustained recovery, according to CoinDesk Research's technical analysis model. A notable support zone emerged near $2.11, with high-volume buying during the 03:00 hour preventing further downside. Recent consolidation between $2.13 and $2.14 suggests potential stabilization, though the pattern of lower highs indicates sellers remain in control. In the final trading hour, XRP formed a higher-low pattern around $2.135, signaling potential short-term support. However, the token also faced resistance at $2.144-$2.145, forming a tight range that traders will be watching closely for the next breakout or breakdown. XRP dropped 5.7% from $2.20 to $2.14 over the past 24 hours. A price range of $0.13 (5.9%) was observed between a high of $2.22 and a low of $2.09. Significant resistance formed at $2.21 during the 16:00 and 22:00 hours, triggering heavy selling. Strong buying at $2.11 during the 03:00 hour prevented further downside. Recent consolidation between $2.13 and $2.14 suggests potential stabilization, though lower highs persist. A higher low at $2.135 formed in the last hour, with resistance at $2.144-$2.145 capping any rebound. XRP closed the session at $2.137, indicating consolidation after a volatile day. As XRP navigates the crosswinds of macroeconomic tensions and technical headwinds, traders will be closely watching for any signs of sustained support or further breakdown. Sign in to access your portfolio
Yahoo
30-05-2025
- Business
- Yahoo
XRP Price Prediction - What could affect XRP's future price?
XRP price prediction reflects mixed catalysts—bullish momentum from institutional adoption and regulatory clarity, countered by bearish technical signals and short-term profit-taking risks. - Institutional adoption via $300M reserves and ETF filings could drive demand. - Regulatory progress (SEC settlement, ETF approvals) may boost confidence. - Technical indicators signal near-term bearish momentum below $2.37 resistance. - Profit-taking risks loom with 90%+ of XRP supply in profit. Institutional reserves: Webus International's $300M XRP reserve plan and VivoPower's $121M treasury initiative aim to streamline cross-border payments, potentially increasing utility-driven demand. Escrow dynamics: 38B XRP remains locked in escrow (as of October 2024), limiting supply inflation but posing risks if released prematurely. Ripple's stablecoin (RLUSD): Launching in 2025 could complement XRP's role in payments but risks cannibalizing its use case. ETF momentum: Brazil's approved XRP ETF and 10+ U.S. filings (e.g., Franklin Templeton) could mirror Bitcoin's ETF-driven liquidity surge. Delays, however, may dampen sentiment. Regulatory clarity: The SEC's $50M settlement and the bipartisan CLARITY Act may reduce legal uncertainty, though lingering SEC scrutiny remains a headwind. Competition: SWIFT GPI, Stellar (XLM), and CBDCs challenge XRP's cross-border niche despite its 3-5 second settlement advantage. Key levels: Immediate resistance at $2.37 (20-day Bollinger midline); failure to hold $2.14 support could retest $2.00. Momentum: RSI at 40.72 (neutral) and MACD histogram in negative territory signal bearish pressure. A close above $2.59 Fibonacci extension could reignite bullish sentiment. XRP price prediction hinges on whether institutional adoption scales faster than profit-taking and regulatory delays. Watch for ETF approvals, RLUSD integration, and a breakout above $2.59. Will XRP's real-world utility outpace its speculative overhang in 2025? XRP price prediction reflects mixed sentiment, with cautious optimism from ETF momentum and technical setups, yet skepticism remains due to weak on-chain activity and lingering regulatory risks. - Bullish drivers: XRP Futures ETF launch, whale accumulation, and technical breakouts above $2.20 support. - Bearish concerns: On-chain activity (-37% Q1), fading retail interest, and unresolved SEC litigation risks. - Key debate: Whether ETF hype can offset weak utility metrics. The mood leans neutral-to-bullish (CMC Fear & Greed: 61 → 65 → 61 in May 2025) with spikes in optimism around institutional adoption. Positive catalysts include:- Nasdaq's XRP Futures ETF (launched May 23) drove a 24h sentiment surge.- Whale accumulation: Addresses holding 10K+ XRP hit 300K, a record high. Bearish undercurrents stem from on-chain stagnation:- Transactions, new wallets, and fees fell 30–40% Q1 2025.- Active addresses dropped 44% in late May, raising utility concerns. ETF speculation dominates:- Traders anticipate a U.S. spot XRP ETF (SEC decision expected June 2025), with open interest up 152% in May.- Canada's XRP ETF and CME futures launch ($1.5M debut volume) fuel institutional narrative. Technical tug-of-war:- Bulls target $2.50–$2.70 if $2.30 support holds (4h chart consolidation).- Bears warn of a drop to $2.12 if BTC dominance rises (altcoin season index at 19/100). XRP price prediction hinges on whether ETF-driven liquidity can offset weak network fundamentals. Traders are watching the $2.30–$2.50 range for directional get the latest update on XRP, visit our XRP currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
International Chauffeur Service Webus Plans $300M Raise for XRP Strategic Reserve
Webus International, a China-based provider of customizable car and touring services for travelers worldwide, said it plans to raise as much as $300 million through non-equity financing to establish an XRP XRP reserve supporting its global chauffeur payment network. The reserve is part of a broader push to integrate XRP's cross-border settlement capabilities into Webus's ecosystem, including on-chain booking records and a Web3-based loyalty program, the company said. The initiative aims to streamline international payments while preserving equity value by relying on loans, credit lines and shareholder guarantees rather than issuing new shares, CEO Nan Zheng said in the statement. The announcement follows Saudi Arabia-based VivoPower International's plans to build a $121 million XRP treasury, indicative of growing interest from companies in the fourth-largest token by market cap. The financing plan is non-binding and subject to final agreements and due diligence. Webus added it was renewing a partnership with Tongcheng Travel Holdings, one of China's largest online travel agencies, to extend their 'Wetour x Tongcheng' charter lines — stating they would aim to use the XRP Ledger to settle cross-border rides and driver payouts. Sign in to access your portfolio
