VivoPower Announces $30 Million XRP Income Plan with Doppler, Plans $200 Million Growth

In the dynamic world of cryptocurrencies, XRP continues to make headlines. Despite recent drops, the digital asset is still showing a significant year-on-year gain of 399%.

VivoPower International, a Nasdaq-listed company, has entered the XRP finance sector, viewing XRP as a "cornerstone treasury asset." This move positions VivoPower as one of the first publicly listed firms to adopt an institutional framework for earning yield on XRP reserves.

The Ripple ecosystem is gaining momentum, with Gemini recently launching a credit card offering rewards in XRP. This development is expected to further boost the adoption of XRP.

At the time of writing, XRP is trading at $2.84. However, over the past week, XRP has slipped 5.7%, with the red also extending to its one-month performance, where it shed nearly 6%.

The market valuation of XRP in the real-world asset (RWA) tokenization sector has significantly increased, going from about $130 million in June to $320 million by late August, according to data from RWA.xyz. Key support has held at $2.7, with resistance levels looming at $2.9 and $3.0.

Industry players are discussing the potential for a spot-based exchange-traded fund in the XRP market. Doppler, which has a strong presence in the Korean market, will provide the programmable infrastructure for this initiative. The initial phase of the initiative involves a $30 million deployment, with plans for a total allocation of $200 million.

The company has deployed $30 million through Doppler Finance, marking the first phase of a broader $200 million allocation plan. Doppler Finance's program will focus on qualified custody, segregated accounts, and real-time proof-of-reserves to standardize risk controls in XRP-based finance.

Despite these developments, XRP remains pressured after falling from its all-time high of $3.65 in mid-July. If bulls regain control, a breakout above $3 could set the stage for a test of the $3.6 to $4 zone.

However, it's important to note that the company that entered the first phase of a comprehensive $200 million action plan in the XRP financial sector with capital of $30 million is not explicitly named in the available search results. Ripple itself is the leading blockchain project behind XRP and has been actively expanding its financial sector activities, including partnerships and stablecoin development, but no specific firm with exactly $30 million capital launching such a plan is identified in the given data.

Nonetheless, the adoption of XRP by VivoPower and the launch of the Doppler Finance initiative are positive signs for the future of XRP. As these developments unfold, it will be interesting to see how they impact the price and adoption of XRP.