XRP shows its strength as ripple embraces innovation, adapts to change and pioneers solutions
XRP is at the forefront of financial solutions as the payment token empowers the Ripple ecosystem to embrace innovation, adapt to change, and pioneer solutions.
Ripple Announces 2023 Trends in Regional Payments Report
The Ripple ecosystem has released its 2023 Regional Payment Trends Report, highlighting significant growth in the global payments industry. The report focuses on the use of modern payment solutions such as blockchain-powered payments to deliver greater speed, greater inclusivity and transparent customer experiences.
In a guide to harnessing the power of innovative cross-border payment solutions, Ripple points to growing consumer demand as markets say they will choose to purchase or pay bills directly from their bank accounts.
The report also highlights open banking in North America, instant payments in Asia Pacific and mobile payments in Africa. These are some of the areas where innovation is spreading. The confidence is that innovations driven by individual regions’ technological leadership and digital-first approach give Ripple a strong competitive advantage.
Popular themes of innovation and the evolution of global payments herald a new era of streamlined payment experiences. As ecosystem players try to find their way into this new space, speed of transactions, inclusivity and transparency are some of the key principles that define this new era.
The report states that the main goal of the Ripple ecosystem is to “embrace innovation, adapt to change, and pioneer solutions that meet the changing needs of businesses and individuals.”
XRP Price Prepares for More Gains
Ripple price is poised for further gains as it remains above the ascending trend line. Higher lows indicate that the market is bullish. The Relative Strength Index (RSI) view also highlights this position as it is above the trend line.
If XRP bulls manage a new low, Ripple price could surpass the $0.5432 threshold and this supplier congestion level turning into a support base could set the tone for an extended climb.
XRP/USDT 1-day chart
Conversely, a slide below the ascending trend line supported by a breakout in the RSI could trigger panic selling. This could see Ripple price extend downwards. A candlestick close below $0.4784 will cause a change in market structure, potentially triggering a series of sell-offs for XRP to drop to $0.4185, levels last tested on April 13.
Also Read: Will Ripple XRP Secrets Be Revealed? Is SEC Close to Win at Remedies?
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Lockridge transitioned from a career in Molecular and Cell Biology to pursue his interest in the chaos of crypto and financial markets. He is a cryptocurrency journalist and market analyst with over 3,000 articles to his name. He enjoys diving deep into the crypto space and gaining significant knowledge and experience for himself by conducting on-chain analysis, breaking down market triggers, and publishing Op-Ed articles. In addition to ATZCrypto, Blockster, and InsideBitcoins, Lockridge’s work can also be found on FXStreet.com. Outside of work, you can find Lockridge watching movies or horseback riding.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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