Ripple Invests in Flutterwave to Boost Stablecoin Use in Africa
- Successful Funding Round: Ripple's participation in Flutterwave's Series E funding round raises the latter's valuation to $3.2 billion, and while the specific investment amount remains undisclosed, this move reflects Ripple's confidence in the African payments market.
- Stablecoin Integration: Under the agreement, Ripple's US dollar-pegged stablecoin RLUSD will be integrated into Flutterwave's payment infrastructure, enabling businesses to conduct international transactions using digital dollars, thereby reducing reliance on traditional banking channels.
- Global Payment Network Connection: Flutterwave will connect to Ripple's global payment network and utilize the XRP Ledger blockchain for transaction processing, aiming to simplify and reduce costs for African businesses in sending and receiving international funds.
- Strategic Market Implications: Ripple's investment not only embeds RLUSD within Flutterwave's infrastructure but also enhances stablecoin liquidity on XRPL, further solidifying the XRP Ledger's role as a payment layer for real-world transactions across Africa, supporting economic growth in the region.
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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 5 technical signals, shows that 0 indicators are flashing buy, while 5 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 crypto.
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 | 0.0271 | 0.0296 | 0.0318 | 0.0342 | 0.0365 | 0.0389 | 0.0412 |
| Fibonacci | 0.0296 | 0.0313 | 0.0324 | 0.0342 | 0.036 | 0.0371 | 0.0389 |
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