RippleX, Ripple's developer arm, has announced the first round of XRPL awards to help fund the company's growth. The award will provide funding to developers working on XRP-based projects. The creation of non-fungible tokens [NFTs] was the focus of the most recent awards. RippleX selected 25 candidates from ten countries and granted them $2 million, according to a release.
The San Francisco-based payments company Ripple says its technology will power a central bank digital currency (CBDC) pilot project in Bhutan. The nation’s Royal Monastery Authority (RMA) is collaborating with the crypto firm to roll out its very own CBDC as a way of improving the efficiency of cross-nation payments and increasing financial inclusivity, according to a post on Ripple’s website.
Technically, for Ripple we give a higher probability for the price to go higher. The price touched the support zone multiple times and for now we see it going higher at least for a bigger correction in this area if not for a total upside. Potential areas to watch for continuation or reversal are the $1.02 and $1.12.
Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.