Visa Spotlights Ripple's RLUSD Alongside USDC and USDT in Recent Report
Stablecoins Evolving in Finance: Visa's research indicates that stablecoins are transitioning from payment methods to essential components of next-generation lending, with over $670 billion in stablecoin loans originated in the past five years.
Visa's Report on On-Chain Lending: The report highlights the potential of programmable stablecoins, like Ripple's RLUSD, to reshape credit systems and facilitate continuous financial operations without the limitations of traditional systems.
Ripple's RLUSD Recognition: The inclusion of Ripple's RLUSD alongside USDT and USDC in Visa's report signifies its growing acceptance in institutional credit markets, moving beyond its initial payment-focused use.
Future of Credit Infrastructure: Visa envisions a future where stablecoins like RLUSD support a 24/7 automated lending ecosystem, blurring the lines between payments, lending, and credit issuance, validating Ripple's strategy in the digital finance landscape.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.00025 | 0.000293 | 0.000339 | 0.000382 | 0.000428 | 0.000471 |
| Fibonacci | 0.00025 | 0.000284 | 0.000305 | 0.000339 | 0.000373 | 0.000394 | 0.000428 |
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