Chinese Giant Webus International Targets $300M XRP War Chest—Bullish Bet or Desperate Gambit?

Shanghai-based Webus International makes a power play—launching a $300 million strategic reserve for Ripple’s embattled XRP token. Market watchers split: visionary accumulation or catching a falling knife?

Move comes as XRP struggles to reclaim former glory. ’Strategic reserve’ framing raises eyebrows—since when do corporations stockpile altcoins like toilet paper during a pandemic?

One hedge fund manager quipped: ’Either they know something we don’t, or this is the crypto equivalent of buying Blockbuster stock in 2010.’

The relative strength index has dropped to 40.72, moving below the neutral 50 line, which indicates fading bullish momentum and the potential for continued consolidation or a further correction. Without a decisive breakout above $2.37, XRP appears stuck in a ranging structure and is failing to capitalize on institutional treasury announcements for now.

Support levels to watch include $2.18 and $2.12, with a deeper breakdown risking a retest of the $2.00 psychological level. On the upside, any rally WOULD need to clear $2.37 and then $2.56 to confirm a bullish reversal.