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

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

Published:
2025-05-30 04:07:42
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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.’

China’s Webus International eyes $300M raise for XRP strategic reserve  - 1

XRP price analysis. Credit: crypto.news

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.

|Square

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