XRP Price Prediction: KBank Picks Ripple For Cross-Border Transfers As XRP Loses $1.40 Support
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XRP at $1.3921 on Apr 28 (-0.61%); broke below $1.40 support as the 20- and 50-day EMAs flipped to resistance and a multi-month descending triangle resolved to the downside — technicals raise near-term downside risk. South Korea's KBank (Upbit's exclusive banking partner) is testing Ripple's Palisade wallet for on-chain remittances to UAE and Thailand, a concrete adoption milestone for Ripple and cross-border crypto payments. Derivatives activity signals elevated volatility: longs absorbed $4.59M in 24h liquidations vs $94.41K for shorts, while options volume doubled to $2.66M, underscoring short-term selling pressure and market risk.
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- XRP trades at $1.3921, down 0.61%, breaking below $1.40 with the 20 and 50-day EMAs now flipped to resistance.
- KBank, exclusive banking partner of South Korea’s Upbit, is testing Ripple’s Palisade wallet for on-chain remittances to UAE and Thailand.
- Longs absorbed $4.59M in 24h liquidations against $94.41K for shorts as options volume doubled to $2.66M.
XRP trades at $1.3921 on April 28, down 0.61%, slipping below the $1.40 level that has acted as support through most of April, as South Korea’s KBank announces a Ripple partnership for on-chain cross-border remittances and the chart resolves a multi-month triangle to the downside.
XRP Daily Chart: Triangle Breaks Down, $1.40 Flips To Resistance
XRP built a descending triangle from the January low near $1.20, lower boundary rising from that base and upper boundary ca…
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