Ripple announced the launch of XRPL Japan-Korea Fund, expansion of the payment giant’s 1 billion XRP commitment. The remittance firm will work with companies in Japan and South Korea to integrate XRPL and fund projects. XRP ranges below $0.50, extending losses to nearly 9% in the past seven days. Ripple announced the launch of the XRP Ledger Japan-Korea Fund.
is flashing red bars above the neutral line and RSI reads 33.03, close to oversold zone at 30. XRP could decline to support at $0.4508 and extend its losses. XRP/USDT 1-day chart If Ripple sees a daily candlestick close above $0.50, it could invalidate the bearish thesis. XRP could recover towards $0.5814, the 50% Fibonacci retracement of its decline from the March 11 top of $0.7440 to the April 13 low of $0.4188.
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