XRP News: Ripple Partners with Chipper Cash for Instant Crypto Payments in Africa

Ripple has made another strategic move in Africa by partnering with Chipper Cash to facilitate crypto payments across the continent. This collaboration aims to revolutionize remittances and make global transfers more accessible and efficient.

Ripple Partners with Chipper Cash for Crypto Payments in Africa

Ripple has partnered with Chipper Cash to launch crypto payments in Africa. The goal is to enable people to receive money from abroad anytime, without depending on the traditional banking system. Chipper’s users will be able to get global transfers instantly, 24/7. This deal follows Ripple’s first expansion on the continent through Onafriq in 2023. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, mentioned that the partnership marks a key milestone in using blockchain for faster and cheaper payments.

Ripple: Analyst Warns of Potential 43% Drop in XRP

Peter Brandt, a renowned price chart analyst, has made a bearish call on XRP, warning of a likely dip to $1. He cited the formation of an H&S (head and shoulder) pattern which, if validated, would target $1.07. Despite recent bullish updates on the SEC lawsuit front, Ripple [XRP] failed to decisively surge above $2.5 and was still stuck on its Q1 downtrend, having shed 30% from record highs of $3.4.

Why is XRP Dropping: Ripple SEC Case Create Panic, Hope for Rise?

XRP, one of the popular altcoins, is currently facing high selling pressure with a daily drop of 3.42% and a weekly drop of 3%. This is attributed to the end of Ripple’s four-year legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC charged Ripple in 2020 with raising $1.3 billion in an unregistered securities offering. Although Ripple partially won in 2023, the legal pressure had continued until now. Recently, the SEC agreed to drop its appeal without conditions, and Ripple also dropped its cross-appeal. This development has created panic among investors, leading to the current drop in XRP’s price.

Veteran Trader Warns of ‘Textbook’ XRP Crash Pattern

Veteran market analyst Peter Brandt has identified a classic Head & Shoulders (H&S) formation in the daily chart of XRP/USDT, suggesting a possible retracement toward the $1.07 region. The XRP surged from below $0.50 in late October to above $3.40 in mid-January, with the 8-day and 18-day moving averages currently hovering around the $2.44 mark.