Despite a significant funding boost from energy firm VivoPower, XRP is trading at $2.29, down 1.1% in the past 24 hours and marking a decline of over 4% this week. The token’s current price range between $2.24 and $2.47 displays signs of consolidation as trading volume for XRP reached $2.16 billion, an increase of 6% in the past 24 hours. Derivatives data from Coinglass reveals a surge in trading volume to $3.95 billion with a drop of 0.95% in open interest to $4.78 billion, suggesting mixed sentiment among leveraged traders. This price action follows VivoPower’s announcement on May 28th of securing $121 million through a private share offering led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud. The funds will establish an XRP-focused treasury reserve, marking VivoPower as the first publicly traded company to adopt such a strategy.