TLDR
- Deutsche Bank plans to use Ripple tech for cross border payments
- XRP trades below $1.40 support and under key moving averages
- RSI stands near 38 as traders watch $1.25 downside level
- Binance CZ confirms role in UAE Bitcoin mining milestone
Ripple has secured a major partnership with Deutsche Bank, while XRP trades below a key support level near $1.40. The development comes as Binance founder Changpeng Zhao revealed his role in a UAE Bitcoin mining milestone, forming the latest Crypto News Digest update.
Ripple Secures Major Partnership With Deutsche Bank
Ripple Labs has secured another institutional partnership in Europe. Deutsche Bank plans to adopt infrastructure powered by Ripple’s technology.
The update was shared by a community developer known as Bird on X. The post stated that Deutsche Bank is willing to onboard Ripple-based solutions.
The bank aims to modernize its cross-border payment system. It plans to use Ripple technology to settle transactions within seconds.
Current settlement systems often take longer to complete transfers. Ripple infrastructure is expected to reduce both time and costs.
Reports suggest transaction costs may fall by up to 31%. The arrangement could also increase institutional exposure to XRP.
Bird noted that nondisclosure agreements are starting to lift. More banks may follow as talks around blockchain integration continue.
XRP Price Breaks Key Support Level
XRP recently slipped below a key volume point of control. That level has now turned into short-term resistance.
The token trades under its 50-day, 100-day, and 200-day exponential moving averages. All three averages are trending downward.
This alignment keeps the near-term bias cautious. The daily chart shows signs of accumulation, though top-side volume remains low.
The Relative Strength Index stands near 38 on the daily chart. This level is below the neutral 50 mark.
If selling pressure increases, $1.25 is the next support zone. However, buyers have defended the $1.40 range several times.
If $1.40 holds, traders are watching a move toward $2.09. That level aligns with a descending trendline resistance.
A breakout above $2.09 could open the path toward $3. Price models have referenced that level in recent projections.
Rare Monthly Pattern Draws Market Attention
Market commentator CryptoBull pointed to a rare monthly pattern. XRP has printed five consecutive bearish monthly candles.
The last similar pattern occurred between October 2016 and February 2017. That period was followed by a sharp rally.
CryptoBull wrote, “Just look what happened in March, April, and May of 2017. Time is ticking.” The token rose more than 5,000 percent during that cycle.
Historical data shows XRP climbed from about $0.006 to $0.25 in early 2017. The rally coincided with new banking partnerships and a strong Bitcoin cycle.
The current macro environment is different from 2017. However, the technical setup has sparked discussion across trading desks.
Binance CZ Reveals UAE Bitcoin Mining Role
In related developments, Binance founder Changpeng Zhao shared details about his role in the UAE’s Bitcoin mining milestone. The update forms part of the broader Crypto News Digest.
Zhao confirmed involvement in advancing mining infrastructure in the region. The UAE has increased its focus on digital asset operations.
The announcement adds to ongoing institutional activity in the crypto sector. Ripple’s Deutsche Bank partnership and UAE mining progress reflect continued blockchain adoption.
Together, these events show traditional finance and crypto infrastructure moving closer. XRP price action now remains focused on whether $1.40 support can hold in the near term.
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