American investment bank JP Morgan has announced its partnership with a banking-focused altcoin project to support faster transfers in fiat currencies.
JP Morgan joins forces with Al Fardan Exchange LLC
Al Fardan Exchange LLC will work with JP Morgan for faster fiat money transactions. Money transfer firm is a company that provides money transfer and clearing services in the UAE region. Partnering with JP Morgan also indirectly means collaborating with Ripple. Through the partnership, Al Fardan’s customers will be able to make transfers in a variety of fiat currencies such as the US Dollar (USD), British Pound Sterling (GBP), Euro (EUR) and South African Rand (ZAR). Meanwhile, the company announced its partnership with Ripple’s cross-border payment network, RippleNet, in January 2022.
We've taken a leap in leveraging blockchain technology to revolutionize cross-border payments as we've partnered up with RippleNet Cloud Ripple’s cloud-based global financial network.@Ripple https://t.co/UP9dXMjDdm
— Al Fardan Exchange (@alfardanuae) January 26, 2022
Al Fardan CEO, Hasan Fardan Al Farhan, said the cooperation has attracted major global players from the financial sector returning to the UAE market. Exchange users will access the service through the mobile application AlfaPay, which can be used to make money transfers and pay bills.
As you follow on Kriptokoin.com, Ripple is making rapid progress in making progress with new partnerships, despite the SEC lawsuit. Some are confident of victory because of the superiority he has gained in the Hinmann documents.
David Gokhstein believes Ripple will win the legal battle
The former US Congressional candidate believes that Ripple’s victory in the SEC v Ripple case is imminent. Gokhstein shared his latest views on Twitter:
Ripple will win. The crypto market will also win.
Ripple will win. The #crypto industry will win as well.
— David Gokhshtein (@davidgokhshtein) December 4, 2022
XRP price continues to rise despite negative altcoin market conditions
After the latest developments in the SEC-Ripple case, the XRP price managed to hold on. The altcoin is currently trading in the 50-day EMA zone. In particular, $0.41 has acted as resistance about four times since November 2022. If XRP price continues to climb, $0.40 and dollars will be the next resistance points. On the technical side, the RSI is below the neutral zone at 38. Analyst Ekta Mourya interprets a neutral RSI data as the best spot for investors to buy before the recovery starts.
Crypto Faibik from Twitter said that the XRP price is poised for a breakout in Q1 of 2023. The expert draws attention to the similarities between the XRP price trend in the 4th quarter of 2022 and the 4th quarter of 2020. Accordingly, the altcoin confirms the theory of a bullish boom.
XRP price has registered a similar bullish trend pattern leading to an upside breakout in 2020. Crypto Faibik expects the same to happen in Q4 of 2022.
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