XRP Faces New Resistance After Powerful Range Break
According to market analyst Xaif Crypto, XRP’s recent price action underscores the potency of range breaks in crypto trading.
The popular digital asset recently fell below a critical support zone, demonstrating just how quickly market dynamics can shift when key levels are breached.
Previously, the $2.73–$2.91 range had acted as a strong support, holding the price in a predictable pattern.
However, XRP’s drop below this level has flipped the zone into major resistance, a classic technical shift that traders often watch closely.
Therefore, this transformation means that what once served as a floor now acts as a ceiling, limiting upward momentum and creating potential hurdles for buyers attempting to reclaim lost ground.
Xaif Crypto emphasizes that range breaks like this often lead to accelerated moves, as stop losses are triggered and momentum amplifies the trend.
In XRP’s case, the downside breach not only confirmed the strength of the sellers but also highlighted the importance of managing risk when trading volatile assets. Traders who anticipated support to hold may have faced sharp losses, while those positioned for a breakout in either direction could capitalize on the move.
With the $2.73–$2.91 zone now serving as resistance, market participants are closely monitoring how XRP reacts to attempts at a rebound. A decisive move above this area could signal renewed bullish momentum, potentially setting the stage for further gains.
Conversely, repeated rejection at this level may reinforce bearish sentiment and lead to a continuation of the downward trend with the present price trading at $2.50.
Ripple Expands Global Custody Footprint into Africa with Absa Bank Partnership
Ripple, a global leader in digital asset infrastructure, has made its first major move into Africa through a strategic partnership with South Africa’s Absa Bank. This collaboration brings institutional-grade crypto custody to the continent, highlighting rising demand for secure and compliant digital asset solutions in emerging markets.
Under the partnership, Absa Bank will integrate Ripple’s institutional-grade digital asset custody technology to provide its customers with secure, scalable storage solutions for tokenized assets, including cryptocurrencies.
Therefore, this move positions Absa at the forefront of Africa’s digital finance landscape, allowing the bank to offer clients cutting-edge custody services that meet the rigorous standards required for institutional digital asset management.
Reece Merrick, Managing Director, Middle East and Africa, at Ripple welcomed this development and stated,
“Africa is experiencing a major shift in how value is stored and exchanged, and our partnership with Absa underscores Ripple’s commitment to unlocking the potential of digital assets on the continent.”
Absa Bank, recognized as one of Africa’s leading financial institutions, joins Ripple’s expanding roster of global custody clients spanning Europe, the Middle East, Asia-Pacific, and Latin America.
The partnership underscores the increasing demand among financial institutions worldwide for reliable, compliant digital asset infrastructure that facilitates safe adoption of emerging technologies.
Meanwhile, Ripple recently rolled out a $200,000 developer award to strengthen the XRP Ledger’s lending protocol security.
Conclusion
XRP now faces a pivotal test at the $2.73–$2.91 resistance zone. How the asset reacts here will likely define its short-term direction, signaling whether a fresh rally is on the horizon or downward pressure will persist.
Meanwhile, with Africa emerging as a key frontier for blockchain and digital finance, Ripple’s entry through Absa Bank sets a strong precedent for future collaborations, positioning the company as a leading enabler of secure, scalable, and compliant digital asset services worldwide.
