“Excellent development, is this one of the signs for XRP price to go up again?”
Immediately after reaching $0.73, the Ripple cryptocurrency (XRP) has now started to move flat where the price is still hovering between the $0.67 and $0.69 range which was its previous strong resistance zone.
However, XRP has signed an agreement with an African mobile payment provider called Onafriq to enable new payments between 27 African countries including Australia, the United Kingdom (UK) and the Gulf Cooperation Council (GCC).
Onafriq together with three partner firms will apply Ripple Payments blockchain technology, where Zazi Transfer will provide transfer services to Australia while PayAngel will serve in the UK.
Later, Pyypl will provide services to GCC member countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
According to Ripple's Senior Vice President Aaron Sears, Sub-Saharan Africa has proven to be a big adopter of crypto as users in countries such as Nigeria, Kenya and South Africa apply digital assets for various real-world purposes.
Pleased to note that Pyypl is already an XRP partner in on-demand liquidity (ODL) solution and Onafriq is also integrating it.
Looking at the price chart, XRP which has already reached $0.68 should break through the next resistance zone at $0.73 to continue moving higher up to $0.95, but the journey to that level may take time and the price may pullback.
On the other hand, XRP could also face a drop to $0.60 or $0.58 if the price fails to break through the resistance zone, and now the digital asset is trading at $0.68, recording a 13.04% climb over the last week.
