Why vivopower Is Trending Today?

VivoPower, a renewable energy company, has announced plans to acquire shares in Ripple, the blockchain company behind XRP, a cryptocurrency. This strategic move is part of VivoPower's dual-asset strategy, which aims to diversify its investment portfolio. The acquisition, valued at $100 million, is expected to strengthen VivoPower's position in the cryptocurrency market, with a particular focus on XRP.

VivoPower aims to become the first U.S. company to offer Ripple and XRP contact services. The company has also announced plans to acquire XRP. In a significant move, VivoPower has decided to acquire $100 million worth of Ripple shares to increase its exposure to XRP. This acquisition has led to a 32% surge in VivoPower's stock price.