XRP is a cryptocurrency developed by Ripple Labs, aimed at providing fast and low-cost settlement solutions for cross-border payments. Unlike Bitcoin, which is generated through mining, the total supply of XRP is pre-issued and controlled by Ripple Labs, with transactions completed in seconds and fees only a few fractions of a cent. Due to its efficient transaction speed and low costs, XRP has gained attention in pilot projects for cross-border payments among banks and financial institutions.
On May 30, 2025, Nasdaq-listed company Webus International (stock code WETO) announced plans to raise $300 million through “non-equity financing” channels to establish an XRP reserve. This financing method includes the company’s existing cash reserves, bank loans, shareholder guarantees, and corporate credit instruments from traditional banks.
Webus plans to use a portion of the funds raised to purchase XRP to establish an “XRP reserve fund,” while another portion will be used to build related blockchain payment infrastructure, including wallet systems, Web3 tokens, and on-chain booking records. Its CEO Nan Zheng stated: “Internationally, our XRP application can eliminate traditional payment friction, achieve instant settlements with drivers and service providers, and provide quick refunds when needed.”
The plan is currently still “non-binding” and will be implemented only after the final documents are signed and relevant conditions are met. This news follows another Nasdaq company, VivoPower (VVPR), completing a $121 million private placement earlier this month and planning to include XRP in its corporate reserves, further highlighting the increasing attention institutions are paying to XRP.
Figure:https://www.gate.com/trade/XRP_USDT
As of June 4, 2025, the current price of XRP is approximately $2.19. From a monthly performance perspective, XRP surged to around $2.70 in early May, but then retraced to the $2.10~$2.20 range for consolidation. Entering June, the XRP price mainly fluctuated around the $2.18~$2.22 range, showing a narrow oscillation pattern overall.
From a technical perspective:
Combined with Webus’s $300 million reserve plan, if subsequent funding is actually in place and purchases are made gradually, it may provide support for the current price; however, if financing cannot be implemented as scheduled, it may lead to increased investor hesitation, putting pressure on the price.
For novice investors who are new to XRP:
Overall, XRP has certain application scenarios in the global payment field. If the institutional reserve plan is implemented, it will support the price; however, under the uncertainty of regulatory and macroeconomic environments, it is especially important to be cautious and manage risks.
XRP is a cryptocurrency developed by Ripple Labs, aimed at providing fast and low-cost settlement solutions for cross-border payments. Unlike Bitcoin, which is generated through mining, the total supply of XRP is pre-issued and controlled by Ripple Labs, with transactions completed in seconds and fees only a few fractions of a cent. Due to its efficient transaction speed and low costs, XRP has gained attention in pilot projects for cross-border payments among banks and financial institutions.
On May 30, 2025, Nasdaq-listed company Webus International (stock code WETO) announced plans to raise $300 million through “non-equity financing” channels to establish an XRP reserve. This financing method includes the company’s existing cash reserves, bank loans, shareholder guarantees, and corporate credit instruments from traditional banks.
Webus plans to use a portion of the funds raised to purchase XRP to establish an “XRP reserve fund,” while another portion will be used to build related blockchain payment infrastructure, including wallet systems, Web3 tokens, and on-chain booking records. Its CEO Nan Zheng stated: “Internationally, our XRP application can eliminate traditional payment friction, achieve instant settlements with drivers and service providers, and provide quick refunds when needed.”
The plan is currently still “non-binding” and will be implemented only after the final documents are signed and relevant conditions are met. This news follows another Nasdaq company, VivoPower (VVPR), completing a $121 million private placement earlier this month and planning to include XRP in its corporate reserves, further highlighting the increasing attention institutions are paying to XRP.
Figure:https://www.gate.com/trade/XRP_USDT
As of June 4, 2025, the current price of XRP is approximately $2.19. From a monthly performance perspective, XRP surged to around $2.70 in early May, but then retraced to the $2.10~$2.20 range for consolidation. Entering June, the XRP price mainly fluctuated around the $2.18~$2.22 range, showing a narrow oscillation pattern overall.
From a technical perspective:
Combined with Webus’s $300 million reserve plan, if subsequent funding is actually in place and purchases are made gradually, it may provide support for the current price; however, if financing cannot be implemented as scheduled, it may lead to increased investor hesitation, putting pressure on the price.
For novice investors who are new to XRP:
Overall, XRP has certain application scenarios in the global payment field. If the institutional reserve plan is implemented, it will support the price; however, under the uncertainty of regulatory and macroeconomic environments, it is especially important to be cautious and manage risks.