Ken Chigbo
Independent Analyst
- Moneynetint, a UK e-money organization, has completed integration with RippleNet.
- XRP/USD price trading in minor negative territory on Wednesday, as bulls try to breakdown near-term resistance.
Moneynetint provide a host of services, facilitating cross-boarder money transfers and foreign exchange. They accommodate both private and corporate clients globally. They have now completed their integration process with RippleNet.
The director of account management, Nadeem Ladki at Ripple said, "By leveraging Ripple’s blockchain technology, Moneynetint will now be able to simplify and reduce the FX conversion rates for their customers, increase the speed of settlement and offer services to new markets that would otherwise have been too difficult or too costly to reach in the past."
XRP/USD bulls in the session on Wednesday are seen trading down in minor negative territory. The price ran into a supply area, as it approaches $0.5000 again. Bulls will be attempting a fill of the upper wick produced on the 15th October daily candle. Firm support is not eyed until back at $0.4500 territory, where a demand zone is seen.
XRP/USD daily chart
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