Standard Chartered Highlights Tokenization's Key Role in Finance
- Tokenization Transformation: Michael Spiegel, Global Head of Transaction Banking at Standard Chartered, stated at SIBOS 2025 that tokenization and digital assets are transitioning from pilot programs to mainstream applications, addressing client demands for instant asset movement and enhancing reliability and innovation in financial services.
- Accelerating Market Demand: Spiegel emphasized that the demand for always-on financial services is accelerating, particularly in emerging markets, compelling financial institutions to adapt quickly to maintain competitiveness in a rapidly evolving landscape.
- APAC Development: The Asia-Pacific region is emerging as a primary environment for tokenization development, with clearer regulatory conditions enabling faster design and deployment of financial products, allowing banks and institutional clients to test and scale tokenized offerings effectively.
- Strategic Collaboration: Standard Chartered's longstanding strategic relationship with Ripple, dating back to 2016, has deepened with joint participation in regulatory projects in Singapore focused on tokenized assets, showcasing a coordinated effort to apply distributed ledger technology within compliant frameworks.
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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 5 technical signals, shows that 1 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 | 0.459 | 0.788 | 1.155 | 1.484 | 1.851 | 2.18 | 2.547 |
| Fibonacci | 0.788 | 1.054 | 1.218 | 1.484 | 1.75 | 1.914 | 2.18 |
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