- Ripple’s Africa push grows with Absa Bank, adding to Chipper Cash and RLUSD efforts.
- XRP trades near $2.36 as risk-off flow deepens; $2.30 and $2.05 mark key supports.
- Bulls watch a reclaim of $2.40–$2.50 and a weekly close over $2.80 to reset momentum.
Ripple’s new collaboration with Absa Bank extends its Africa strategy across cross-border payments and institutional rails. Legal analyst Bill Morgan frames the move as more than custody support, pointing to steady demand for Ripple’s payment stack as banks seek faster settlement and lower costs.
The push follows Ripple’s tie-up with Chipper Cash and the introduction of RLUSD, a USD-backed stablecoin aimed at consistent, low-friction transfers in high-fee corridors.
Related: Can Technical Analysis Really Predict XRP’s Price in a Utility-Driven Market?
Why Africa matters for Ripple’s utility story
As reported by Coin Edition, Ripple partnered with Africa-based fintech Chipper Cash earlier this year, integrating its crypto-enabled payment technology into the platform. The firm also introduced its USD-backed stablecoin, RLUSD, to support seamless digital transactions within African markets.
Africa’s payment market favors rails that cut fees and settlement times. Ripple cites survey data showing finance leaders in MEA rank speed as a top driver for blockchain currency adoption. Absa’s involvement gives Ripple another bank-grade venue to test throughput, compliance workflows, and fiat on/off-ramps alongside existing partners like Santander, SBI, Onafriq, and Tranglo.
XRP Price: Levels that Define Execution Today
XRP trades near $2.35 as risk-off tone holds across major cryptocurrencies. Traders mark $2.30 as first defense; a break exposes $2.05 and the $2.00 psychological handle.
Below those spots, books thin and wicks extend. On the topside, $2.40–$2.50 flips to near-term resistance; rotation above that band improves structure and opens a test of $2.80 (0.618 retrace).
Bulls Eye Key Resistance at $2.80
Market strategist Lark Davis believes XRP must clear two key resistance zones to regain strength. The first is the former support near $2.40–$2.50, now acting as resistance.
The second is the 0.618 Fibonacci retracement level at around $2.80. A decisive weekly close above $2.80 could signal a breakout toward $3.67 and possibly $5.09. However, failure to reclaim these levels might invite renewed selling pressure toward $1.78.
XRP Price Context over the Next Sessions
The broader market stays risk-off, so position sizing and execution matter more than usual. Desks watch spot-led bids on U.S. venues, ETF flow stabilization, and exchange reserve shifts for tells.
For XRP, sustained bid absorption above $2.30 keeps the range constructive; failure there invites liquidity hunts into $2.05–$2.00 before fresh attempts higher. If Ripple headlines continue to stack in Africa and partner banks scale volumes, utility flow can offset part of the macro drag, but momentum still hinges on reclaiming $2.40–$2.50 first.
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Source: https://coinedition.com/xrp-price-today-ripple-expansion-rlusd-africa-absa-patnership/
