Ripple Partners with Jeel to Enhance Saudi Financial Infrastructure
- Strategic Partnership: Ripple has signed a memorandum of understanding with Jeel, the innovation arm of Riyadh Bank, to accelerate the development of blockchain solutions in Saudi Arabia's financial infrastructure, aligning with the country's Vision 2030 goals.
- Vision for Digital Transformation: Reece Merrick, Ripple's Senior Director for the Middle East and Africa, emphasized that this collaboration reflects Saudi Arabia's leadership in global digital transformation, as they evaluate concrete use cases in cross-border payments, digital asset custody, and tokenization.
- Transaction Efficiency Goals: The partnership aims to enhance transaction efficiency and reduce costs by integrating Ripple's enterprise-scale digital asset technologies into the national financial architecture, contributing to the creation of a competitive fintech ecosystem in Saudi Arabia.
- Global Collaboration Expansion: Ripple's recent announcements of new collaborations across various countries, including this partnership with Jeel, further solidify its market position in the Middle East and demonstrate its ongoing expansion in the global fintech landscape.
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Technical Analysis for VSN
Technical Sentiment Analysis for Vision (VSN) As of , Vision (VSN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VSN 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, VSN 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 $-.
Vision (VSN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0381 | 0.0424 | 0.0468 | 0.0511 | 0.0554 | 0.0597 | 0.064 |
| Fibonacci | 0.0424 | 0.0457 | 0.0478 | 0.0511 | 0.0544 | 0.0564 | 0.0597 |
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