Ripple collaborates with BBVA to introduce Bitcoin and Ether custody services in Spain.
Ripple and BBVA Partnership: Ripple has partnered with BBVA and IBM to integrate its digital asset custody technology into BBVA's retail platform, enhancing digital asset services in Europe following a successful pilot project in 2023.
Growing Demand for Digital Assets: The collaboration aims to meet increasing customer demand for digital assets, with BBVA's Turkish subsidiary, Garanti BBVA Kripto, already catering to over 14,000 users and offering various cryptocurrencies.
Impact of MiCA Regulation: The introduction of the EU's Market in Crypto Assets (MiCA) regulation has encouraged banks to launch digital asset offerings, with Ripple's acquisition of Metaco providing the necessary technology for compliance and secure custody.
VivoPower's Adoption of RLUSD: VivoPower International's electric vehicle subsidiary, Tembo e-LV, has begun accepting payments in Ripple's stablecoin RLUSD, as the company shifts towards becoming an XRP-focused digital asset enterprise.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36049.129 | 48024.564 | 60319.149 | 72294.584 | 84589.169 | 96564.604 | 108859.189 |
| Fibonacci | 48024.564 | 57295.712 | 63023.437 | 72294.584 | 81565.732 | 87293.457 | 96564.604 |
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