Ripple Joins Flutterwave's $3.2 Billion Investment Round

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Massive Investment: Ripple's participation in Flutterwave's Series E funding round, valued at $3.2 billion, demonstrates its strong confidence and strategic positioning in the African payments market, aiming to leverage Flutterwave's transaction network to enhance its market share.
Stablecoin Utilization: The partnership primarily employs Ripple's RLUSD stablecoin instead of XRP, with RLUSD serving as the main settlement asset for cross-border payments, aiming to eliminate currency conversion costs and processing delays, thereby enhancing transaction efficiency and customer experience.
Technical Infrastructure: The integration between Ripple and Flutterwave operates through a unified API, with the XRP Ledger serving as the technical backbone, ensuring swift transaction finality, reflecting large corporations' preference for price stability, especially in high-value transactions.
Regulatory Advocacy: Ripple executives are actively lobbying for the CLARITY Act, which aims to provide legal clarity for digital assets in the U.S., helping to alleviate concerns for major partners like Mastercard and Flutterwave and paving the way for increased institutional investment in crypto.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 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	0.866	0.977	1.071	1.182	1.276	1.387	1.481
Fibonacci	0.977	1.055	1.104	1.182	1.261	1.309	1.387

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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