Japan Launches XRP-Powered Remittance Service
- New Remittance Corridor: SBI Remit and Tottori Bank launched an international transfer service on April 20, leveraging Ripple's payment infrastructure to significantly enhance cross-border payment efficiency for foreign residents in Japan, likely attracting more users to the service.
- XRP as Bridge Asset: The new system allows XRP to function as a bridge currency during transactions, reducing settlement time and costs when liquidity is sufficient, which enhances user experience and lowers remittance fees, further promoting XRP's adoption.
- Compliance and Efficiency Focus: This partnership aims to improve operational efficiency by helping financial institutions manage increasing compliance demands, allowing for the outsourcing of low-value remittances to alleviate administrative burdens while maintaining service quality in line with current regulatory frameworks.
- Expansion of Digital Payment Infrastructure: The addition of Tottori Bank strengthens SBI's remittance network, further solidifying Japan's leadership in blockchain-based payment systems, and is expected to encourage more banks to participate in building digital payment infrastructure.
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Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW). As of , Flow (FLOW) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FLOW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, FLOW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0237 | 0.0284 | 0.0325 | 0.0372 | 0.0412 | 0.0459 | 0.05 |
| Fibonacci | 0.0284 | 0.0318 | 0.0338 | 0.0372 | 0.0405 | 0.0426 | 0.0459 |
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