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Thanks to partnership: Ripple drives blockchain adoption
According to BTC-ECHO, Ripple has announced a significant partnership with Fenasbac, the central bank association in Brazil. This collaboration aims to further spread blockchain technology in the largest South American country. As part of the “Blockchain Accelerator Program Next”, Ripple will support two Brazilian fintech companies and provide them with financial resources.
Silvio Pegado, regional director for the Latin American market at Ripple, emphasized the importance of this cooperation and Ripple’s commitment to supporting Brazilian start-ups. This is already the second collaboration between the two parties; the previous collaboration focused on solutions for the interoperability of the Brazilian digital currency DREX.
XRP price forecast: Why is only the XRP price rising while the crypto market is falling?
CryptoTicker.io reports a notable rise in the XRP price despite a general downturn in the crypto market. Analysts see technical indicators such as a symmetrical triangle pattern as a sign that XRP is on the verge of a significant breakout. This pattern suggests a possible continuation upwards until the end of September 2024.
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Price targets range from $0.6649 to an optimistic $18.2364 according to various analyses. Historically low volatility phases also indicate upcoming major moves – similar to the monumental 60,000% increase in 2018.
Pepe falls and XRP fights for its existence: Investors are currently taking a closer look at this coin
Kryptoszene.de reports a drastic drop in PEPE’s trading volume within 24 hours by over 33%, indicating declining interest from investors. The price could fall below a critical mark and thus suffer further losses.
In contrast, XRP is showing resilience, rising by about 26% over the past 30 days due to positive comments from Donald Trump regarding cryptocurrencies and a possible imminent ruling in the legal battle with the SEC by Judge Analisa Torres.
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