Ripple’s New Partnership in South Korea… Could XRP Benefit?
Ripple announced a partnership with South Korean company Meritz Securities to explore digital asset custody and tokenization solutions, as well as investment opportunities in cryptocurrency and stablecoin funds. This marks a further expansion for Ripple in South Korea’s financial sector and could support the institutional adoption of blockchain technology, but its direct impact on XRP’s price still depends on the level of actual usage.
XRP is currently trading at $1.37
Resistance: $1.3800–$1.3890
First support: $1.3690–$1.3650
Second support: $1.3470
Positive signal: A break above $1.3800 and a hold above it could open the way for a test of $1.3890.
Negative signal: A break below $1.3650 could push the price toward $1.3470.
XRP is moving in a sideways range with a slight short-term upward bias, but the price still needs to break through resistance to confirm that the rise will continue. It is preferable to wait for the trend to be confirmed and avoid entering trades randomly, especially amid market volatility.
Ripple announced a partnership with South Korean company Meritz Securities to explore digital asset custody and tokenization solutions, as well as investment opportunities in cryptocurrency and stablecoin funds. This marks a further expansion for Ripple in South Korea’s financial sector and could support the institutional adoption of blockchain technology, but its direct impact on XRP’s price still depends on the level of actual usage.
XRP is currently trading at $1.37
Resistance: $1.3800–$1.3890
First support: $1.3690–$1.3650
Second support: $1.3470
Positive signal: A break above $1.3800 and a hold above it could open the way for a test of $1.3890.
Negative signal: A break below $1.3650 could push the price toward $1.3470.
XRP is moving in a sideways range with a slight short-term upward bias, but the price still needs to break through resistance to confirm that the rise will continue. It is preferable to wait for the trend to be confirmed and avoid entering trades randomly, especially amid market volatility.