Ripple Partners with Jeel to Modernize Saudi Financial Infrastructure
- Strategic Partnership: Ripple has signed a memorandum of understanding with Jeel, the innovation arm of Riyad Bank, aimed at modernizing Saudi Arabia's financial infrastructure through blockchain technology, focusing on critical areas such as cross-border payments, digital asset custody, and tokenization.
- Efficiency Gains: The collaboration will explore how blockchain infrastructure can enhance payment efficiency and settlement speed in international transactions, reflecting Ripple's long-standing expertise in cross-border payments and is expected to significantly reduce transaction costs.
- Market Expansion: Ripple's entry signifies a strategic expansion in the Middle East, as the partnership with Jeel provides direct access to Saudi Arabia's banking innovation framework, potentially facilitating broader adoption of RippleNet and related technologies.
- Alignment with Vision 2030: This partnership aligns closely with Saudi Arabia's Vision 2030 agenda, with Ripple's blockchain solutions expected to play a central role in payments, custody, and asset digitization, supporting the Kingdom's economic transformation efforts.
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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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