XRP Falls Below $1.20 Despite Ripple’s Africa Stablecoin Expansion
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XRP dropped below $1.20 to about $1.19 after rejection near $1.28 and a failed rebound from the $1.10 region, trading below its 50-, 100- and 200-day moving averages. Meanwhile Ripple participated in Flutterwave’s Series E to support RLUSD stablecoin payments across Africa, a fundraising and adoption move that strengthens crypto and DeFi settlement prospects but has not yet lifted the token price.
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- XRP fell below $1.20 after facing rejection near $1.28 earlier this week.
- Ripple invested in Flutterwave’s Series E round to support RLUSD payments across Africa.
- XRP remains below its 50-day, 100-day, and 200-day moving averages.
XRP moved below $1.20 on Wednesday as the wider cryptocurrency market lost part of its early-week recovery. The token traded near $1.19 after buyers failed to sustain a rebound from the $1.10 region.
The pullback came despite Ripple announcing a strategic investment in African payments company Flutterwave. The agreement will support the integration of Ripple USD into Flutterwave’s infrastructure, expanding access to stablecoin-based settlement across the continent.
Ripple Expands RLUSD Payments in Africa
Ripple participated in Flutterwave’s Series E funding round as the companies work to introduce RLUSD into the payment provid…
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