Ripple Partners with Riyad Bank to Enhance Cross-Border Payments
- Strategic Collaboration: Ripple has signed a Memorandum of Understanding with Jeel, the innovation arm of Riyad Bank, to explore blockchain applications in Saudi Arabia's financial sector, supporting the nation's Vision 2030 and transforming its financial infrastructure.
- Asset Foundation: With over $120 billion in assets, Riyad Bank provides a robust foundation for innovative financial solutions, allowing Ripple to expand its influence in the Middle Eastern fintech landscape.
- Key Role of XRP: XRP is positioned as a core asset for facilitating cross-border payments in Saudi Arabia, leveraging its speed, cost efficiency, and transparency, and is expected to play a significant role in digital asset custody and tokenization.
- Future Prospects: The partnership will explore sandbox testing for financial innovations; while no new funding allocations are specified, the market anticipates significant potential for Ripple and Jeel to expand blockchain applications aligned with Saudi Arabia's financial and economic visions.
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Technical Analysis for VSN
Technical Sentiment Analysis for Vision (VSN) As of , Vision (VSN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VSN 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, VSN 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 $-.
Vision (VSN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0383 | 0.0425 | 0.0469 | 0.0511 | 0.0555 | 0.0597 | 0.0641 |
| Fibonacci | 0.0425 | 0.0458 | 0.0478 | 0.0511 | 0.0544 | 0.0564 | 0.0597 |
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