Payward Files for National Trust Company Charter with OCC
- Trust Company Application: Payward has filed an application with the OCC for a national trust company charter, which, if approved, will establish Payward National Trust Company to primarily provide fiduciary custody and other services for digital assets, marking a significant step towards banking.
- Industry Trend: This application positions Payward among a select few crypto companies moving towards banking, following Coinbase and others, reflecting the industry's emphasis on compliance and infrastructure development to provide a clearer operational framework for the market.
- Regulatory Context: The OCC approved similar applications for several crypto firms, including Ripple Labs and BitGo, last year, although the agency has faced scrutiny for these approvals, highlighting the complexities and challenges of the regulatory environment.
- Future Developments: Payward is also planning an initial public offering (IPO) and has partnered with MoneyGram, with expectations to be “80% ready” for a public listing by 2027, further enhancing its market position and capital operations.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP 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, XRP 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 $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.269 | 1.317 | 1.361 | 1.409 | 1.453 | 1.502 | 1.546 |
| Fibonacci | 1.317 | 1.352 | 1.374 | 1.409 | 1.444 | 1.466 | 1.502 |
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