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- XRP / USD recovery is limited by $ 0.33.
- American Express has performed successful tests on Ripple's xCurrent.
Currently, XRP / USD is trading at $ 0.3121, above the recovery maximum of $ 0.3246. The second largest currency with a market capitalization of $ 12.6 is marginally higher on a daily basis as the weekend recovery has stalled.
In technical terms, the currency has a limit of $ 0.33, followed by $ 0.3330 (SMA50, 4-hour chart). If it is zeroed, the upside can be extended to $ 0.3544 (SMA100, 4 hours). On the negative side, local support was created from $ 0.3100. Once below, the recent minimum of $ 0.2897 will come back into focus.
Meanwhile, American Express tested Ripple's xCurrent cross-border payment solution and appreciated the results. Speaking at the Wings of Change Europe conference in Madrid, Carlos Carriedo, general manager of corporate payments in the company, admitted that technology could significantly accelerate international payments.
"We did a pilot, we did a test, working with Santander on a local level and with Ripple to do only transnational transactions, cross-border transactions continue to be complex and slow, and in a few seconds, through this test, our customers were able to transfer funds in a very transparent and transparent way, on one side of the world, "he said.
American Express focuses on the potential of blockchain technology and invests heavily in the research and development of fintech.
"Blockchain is absolutely an option we're looking at. Just to make sense, we invested in a fintech lab based on blockchain technology, just to figure out how to make the most of this …" he added.
American Express and Santander became partners of Ripple in November 2017 with the goal of accelerating different card transactions between the United States and the United Kingdom. Currently both companies are eager to expand their partnership.
