Why XRP price falls unfazed by Ripple-Absa crypto custody deal in Africa
Ripple (XRP) is facing overhead pressure, trading below $2.50 at the time of writing on Wednesday. The cross-border money transfer token recovery attempt in the wake of last week’s flash crash was rejected at around $2.63 on Monday, affirming the short-term bearish outlook.
With a persistent bearish outlook, the odds of sustaining an uptrend toward the $3.00 psychological level are shrinking significantly. Key areas of interest include the next tentative support at $2.40, which was tested on Tuesday, and $2.20, last tested in early July.
Ripple joins hands with Absa Bank, advancing crypto custody in South Africa
Ripple has announced a strategic partnership with Absa Bank, aiming to provide digital asset custody services in South Africa….
