Ripple News: XRPL Labs-C14 Partnership A Breakthrough in XRP’s Global Expansion

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 04 2024

Should l Buy XRP?

XRP's Global Expansion: XRP has achieved global reach through a partnership between XRPL Labs and C14, enabling users to purchase XRP and XAH tokens in 50+ countries.
Integration with Xaman Wallet: The partnership allows the integration of C14 into the Xaman Wallet, simplifying the purchase process for users who can now buy crypto assets directly within the wallet.
Key Benefits for Users: Users benefit from easier purchasing processes and enhanced security protocols provided by C14, ensuring safe transactions.
Business Leaders' Views: Statements from Wiestse Wind of Xaman and Erich Grant of C14 express optimism and excitement about the partnership, highlighting its significance in making the XRPL ecosystem more accessible.
Future Impact: While the partnership is expected to boost global accessibility of XRP and XAH tokens, the full extent of its impact remains to be seen.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP 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, XRP 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 $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.513	0.815	1.151	1.453	1.788	2.09	2.426
Fibonacci	0.815	1.059	1.209	1.453	1.696	1.847	2.09

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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