SWIFT Announces Support for Assets Such as XRP Rather Than Competing
SWIFT's Position on Digital Assets: SWIFT has confirmed it will not issue its own digital assets, focusing instead on supporting banks and financial institutions by providing infrastructure that accommodates various financial instruments, including cryptocurrencies like XRP.
Integration with Cryptocurrencies: The institution's global payment innovation (gpi) service is designed to work alongside cryptocurrencies, allowing banks to adopt digital assets for settlements without SWIFT competing with them.
Community Reaction: The announcement has sparked discussions within the digital asset community, challenging the narrative that SWIFT opposes cryptocurrencies and highlighting the potential for assets like XRP to be integrated into traditional financial networks.
Implications for Cross-Border Payments: SWIFT's stance fosters a collaborative environment between traditional financial systems and blockchain solutions, potentially enhancing the efficiency of global settlements and supporting the use of digital assets in international transactions.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) 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 IMX 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, IMX 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 $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0506 | 0.0898 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0898 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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