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- The XRP / USD recovery came to a close with $ 0.33.
- Coinone Transfer launches a Ripple-based mobile payment app in South Korea.
Currently, XRP / USD is trading at $ 0.302, below the Asian high of $ 0.3181. The second largest currency with a market capitalization of $ 12.3 lost 1.2% in the last 24 hours amid market uncertainty. The currency is traded with a downward trend, as buyers are not seen anywhere.
Technically speaking, the currency is limited by $ 0.3080- $ 0.3100 resistance zones created by SMA50 1 hour and the top edge of the 1-hour Bollinger Band. If canceled, the upside can be extended to $ 0.32500 (SMA50, 4 hour chart) and $ 0.3470 (SMA100, 4 hours). On the flip side, local support is created by the psychological $ 0.3000, which is closely followed by the lower boundary of the 1-hour Bollinger Band to $ 0.2980. Once below, the recent minimum of $ 0.2897 will come back into focus.
In the meantime, Coinone Transfer, a Coinone subsidiary that provides payment services, has launched a blockchain-based mobile app and a web service called Cross in South Korea. This is the first solution of the kind deployed in this country. Offers fast and efficient payments in Thailand and the Philippines.
Cross is based on Ripple's blockchain technology. Create secure payment options for people, including those that are not rented.
"With the intention of aggressively expanding across the region in the coming months, Coinone Transfer has rapidly expanded the service through new financial institutions using RippleNet – connections formed with Siam Commercial Bank (SCB) in Thailand and Cebuana Lhuillier in the Philippines ", the press release says.
XRP / USD, 1 hour chart
