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Home » Saudi Royals Back $121M XRP Bet Ahead of SEC Vote
Saudi Royals Back 1M XRP Bet Ahead of SEC Vote

Saudi Royals Back $121M XRP Bet Ahead of SEC Vote

May 29, 20253 Mins ReadNo Comments Altcoins
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XRP price prediction reaches new heights as Saudi Arabia royals lead a $121 million investment in the first XRP-focused treasury strategy, and this coincides with crucial SEC settlement discussions and rising cryptocurrency market volatility ahead of projected $2.91 targets.

XRP price prediction chart showing $2.91 target
Binance’s XRP Price Prediction – Source: Binance

XRP Price Prediction Soars With Saudi Backing, SEC Vote Looming, And Market Volatility

His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud‘s leadership of a $121 million private placement into VivoPower International has transformed the XRP price prediction landscape. This marks the first publicly traded company to adopt an XRP-focused digital asset treasury strategy, and also sends shockwaves through Ripple news channels as the SEC prepares for a crucial May 29th closed meeting.

His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud stated:

“We are honored to be leading this capital raising for a company that will be the first in the world to execute an XRP-focused treasury strategy.”

Right now, at the time of writing, this represents an unprecedented level of institutional backing for XRP, impacting the widespread prediction of its potential price.

Also Read: Ripple Price Prediction: $5K in XRP Could Flip Your Future with 580% as ETF Launches

SEC Settlement Vote Drives XRP Price Prediction Models

SEC meeting calendar highlighting May 29 sessionSEC meeting calendar highlighting May 29 session
SEC meeting calendar highlighting May 29 session – Source: SEC.gov

Current analysis of XRP price prediction centers on the upcoming SEC settlement vote, which could resolve ongoing regulatory uncertainty. The SEC’s final scheduled closed meeting of 2025 may determine whether both parties proceed with appeals or reach a settlement acknowledging XRP’s institutional sales status, and this timing couldn’t be more critical.

VivoPower Executive Chairman Kevin Chin had this to say:

“As a long-term holder of XRP myself, we all share a common vision and objectives with regards to how a publicly listed XRP-focused treasury company can be scaled for the benefit of the XRP community and VivoPower stakeholders alike.”

Also, legal experts suggest this could be the turning point that resolves the lengthy regulatory battle, thus impacting XRP predictions indirectly.

Saudi Arabia Investment Reshapes Ripple News Outlook

brics saudi arabia oil and gasbrics saudi arabia oil and gas
Source: Watcher Guru

Despite XRP’s dip by 2% after the announcement and a total loss above 5% for the week, the Saudi Arabia royal support shows that major investors have a lot of faith in the coin. This makes a big difference to XRP prices when the market is volatile. The price announced for XRP by investors is $6.05 per share and this suggests that the investors are confident about its upcoming growth.

Also Read: XRP Price Prediction: $10K in XRP Could Flip Your Future by 2030

Adam Traidman, former Ripple board member joining as Chairman of Board of Advisors, stated:

“VivoPower’s initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications.”

XRP technical analysis showing key resistance levels and SEC timeline impositionXRP technical analysis showing key resistance levels and SEC timeline imposition
XRP technical analysis with key resistance levels and SEC timeline – Source: FX Empire

Saudi Arabia makes this move while President Trump expects XRP to join his Strategic Bitcoin Reserve. This research provides several indicators for XRP’s future such as the forecast price of $2.91. Ripple is currently facing resistance at $2.50 and $2.6553 and once broken, looks ready for a move towards the previous high of $3.5505 if it goes above $3.

Now, Saudi Arabia royal support, the view that a settlement with the SEC is near and banking interest in VivoPower’s strategy give reason for revised XRP price modeling.

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