Ripple Plans Acquisition of Australian Payments Firm for Financial Services License
- Acquisition Plan: Ripple aims to secure an Australian Financial Services License by acquiring BC Payments Australia Pty Ltd, with the deal expected to close on April 1, significantly enhancing Ripple's compliance and operational capabilities in the Australian market.
- Market Strategy: Fiona Murray, Ripple's APAC Managing Director, stated that this acquisition will enable Ripple Payments to manage the full lifecycle of transactions, including compliance, funding, FX, and liquidity management, further integrating traditional banking with digital assets.
- Regulatory Environment: With Australia's financial regulator unveiling new regulations for the crypto sector, Ripple's license application is crucial, as all crypto firms must obtain an AFSL by June 30, 2026, to offer specific financial services.
- Global Expansion: Ripple has actively pursued regulatory licenses worldwide, securing payment licenses in Singapore, UAE, and the UK in 2025, thereby strengthening its push for broader institutional adoption of the XRP ecosystem and its stablecoin RLUSD.
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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 | 1.158 | 1.24 | 1.309 | 1.391 | 1.461 | 1.543 | 1.612 |
| Fibonacci | 1.24 | 1.298 | 1.333 | 1.391 | 1.449 | 1.485 | 1.543 |
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