Ripple Price Predictions: XRP Faces Increasing Fall Risks Threatening Its Potential Return to 3 Dollars:

Ripple is building on a regulatory license in Dubai, in collaboration with Zand Bank and Mamo to provide blockchain-based payment services.
Zand Bank believes that cooperation with Ripple will enhance its global payment solutions, with a stablecoin backed by the UAE Dirham.
XRP faces severe downside risks, especially if the price falls below the 50-day moving average, which could lead to a drop to 2.00 Dollar.
The price of Ripple (XRP) hovers around 2.31 Dollar on Monday, extending from its gradual decline from last week's peak of 2.65 Dollar, as the broader cryptocurrency market swings between gains and losses amid changing investor sentiment. The immediate downside protection for XRP is the 50-day exponential moving average (EMA).
The bullish trend towards $3.00 could gain upward momentum after Ripple announced a strategic partnership with Zand Bank and Mamo based in the United Arab Emirates (UAE), increasing its exposure to the region after securing a license from the Dubai Financial Services Authority (DFSA) in March.
Ripple Payments expands its presence in the United Arab Emirates with two strategic partnerships.
Ripple announced on Monday in a press release that it has entered into strategic partnerships with UAE-based Bank Zand and Mamo. The entities will benefit from Ripple Payments for cross-border transactions supported by blockchain technology.
The announcement comes after Ripple obtained the historic DFSA license.
Zand Bank, the first digital bank in the United Arab Emirates, and Mamo, a fintech company focused on simplifying global payments, will utilize Ripple's infrastructure to enhance their cross-border capabilities.
Ripple stated that the DFSA license and partnerships represent a "milestone" in its broader goal of managing payments from start to finish on behalf of global clients, settling payments in minutes, and reducing time and friction.
"Securing our license from the Dubai Financial Services Authority enables Ripple to better meet the demand for solutions to inefficiencies in traditional cross-border payments, such as high fees, long settlement times, and lack of transparency, in one of the largest cross-border payment hubs in the world," said Ryse Merrick, General Manager, Middle East and Africa, at Ripple.
Ripple payments operate in over 90 payment markets and have processed over 70 million Dollar in transaction volume globally. The payment platform was launched in the United States (US), Dubai, Brazil, Mexico, Australia, and Switzerland.
The United Arab Emirates is a global hub for external finance with a market exceeding 400 billion Dollar for international trade. The region has seen an increase in demand for effective payment solutions.
XRP faces bearish risks above the 50-day exponential moving average.
The price of XRP sharply declined on Monday but remains above the support level at 2.28 Dollar, as indicated by the 50-day exponential moving average. This follows a drop from last week's high of 2.65 Dollar, which may be due to potential profit-taking among traders and sentiment in the broader cryptocurrency market, which significantly deteriorated on Monday.
Based on the fall of the Relative Strength Index (RSI) to the midpoint line at 50 from near overbought conditions, the path of least resistance may strongly change downward, especially if the Relative Strength Index slides further into the oversold area.
Support at the 50-day and 100-day exponential moving averages, slightly below 2.25 Dollar, is critical for resuming the upward trend, with a focus on returning to 3.00 Dollars. After the moving averages, declines may accelerate to re-test the downward trend line and the 200-day exponential moving average at around 2.00 Dollar.
The upward trend in the Money Flow Index (MFI) indicates that more money is flowing into XRP compared to the volume of outflow. In other words, trader interest remains steady despite the recent downturn.
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