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XRP manages to cross the $0.26 mark after Faysal Bank choose xCurrent to process cross-border transactions

Bitcoin

XRP is ranked at #3 beneath Ethereum but above Bitcoin Cash and Litecoin on coinmarketcap. The price ascended at a rate of 4.61% in the course of the past 24-hours. This brought XRP all the way up to $0.263704 where it currently holds. The trading volume recorded is $1.055 billion, whereas the supply has 42,984,656,144 XRP coins in play. As of this moment, the total market cap of XRP is $11.335 billion.

XRP may reach overbought territory, as the 4-hourly RSI is rising and currently stands at 61.64. The MACD line has climbed to the north of the signal line, thus ensuring that the histogram is green. The final 2 peaks for the Awesome Oscillator were green and over the zero line [according to data obtained from the XRP/USD candlestick chart on tradinview].

Resistance may drive the price down if the coin successfully climbs to $0.26734, and support lies close to the $0.24764 mark. A day ago, it was revealed via an official announcement that Faysal Bank will soon be using xCurrent to carry out cross-border transactions. This financial institution has more than 400 branches scattered across the world.

Hopefully, this move brings in other banks from Pakistan to be part of the Ripple Network. Pakistan’s economy has been declining over the course of this decade. Faysal Bank aims to establish at least 200 more branches soon. In 2019, Ripple has seen an influx of new members.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.