Ripple expands its regulated payment services presence in Singapore
Ripple's Expansion in Singapore: Ripple Labs has received approval from Singapore's Monetary Authority to expand its payment services, allowing the company to enhance its regulated payment activities under its Major Payment Institution license.
Investment in Infrastructure: Ripple's President, Monica Long, emphasized the company's commitment to investing in Singapore's infrastructure to facilitate efficient and secure money transfers for financial institutions.
Acquisitions to Enhance Services: Ripple has made key acquisitions, including Palisade, to bolster its offerings for institutions, aiming to provide a comprehensive range of regulated digital payment services.
Growth in Onchain Activity: Singapore is experiencing significant growth in onchain activity, with a reported 70% increase compared to the previous year, positioning it as a major player in the Asia-Pacific region's crypto landscape.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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 stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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