Ripple Secures FCA Licenses to Expand UK Digital Payments
- Regulatory Approval Secured: Ripple has obtained an Electronic Money Institution license and Cryptoasset Registration from the FCA, enabling it to offer compliant digital asset payment services in the UK, thereby enhancing its competitive edge in the global market.
- Cross-Border Payment Capability Enhanced: The new licenses allow UK institutions to conduct cross-border fund transfers via Ripple Payments without managing blockchain infrastructure, which not only simplifies operational processes but also promotes compliant use of digital assets.
- Strategic Market Positioning: Ripple views the UK as central to its global strategy, having established its largest overseas office in London since 2016, and further solidifying its market position through a £5 million investment in local universities.
- Product Coverage Expansion: Ripple's services span custody, payments, and its stablecoin Ripple USD, with the new licenses supporting its expansion into foreign exchange, digital assets, and derivatives markets, driving broader adoption among institutional clients.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) 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 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 | 0.517 | 0.817 | 1.154 | 1.454 | 1.792 | 2.092 | 2.429 |
| Fibonacci | 0.817 | 1.061 | 1.211 | 1.454 | 1.698 | 1.848 | 2.092 |
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