The post XRP News Today: Ripple’s New Partnerships in Europe & U.S. Set the Stage for XRP Growth appeared first on Coinpedia Fintech News
XRP is showing a modest 5% increase, currently trading at $2.50. While this growth isn’t massive, it comes alongside some major announcements from Ripple that could drive further momentum.
Ripple’s president, Monica Long, recently shared exciting updates on X, revealing two key expansions that aim to boost Ripple’s global payments network.
Ripple Expands to Portugal
The first big news is Ripple’s entry into Portugal. Ripple has partnered with Unicâmbio, Portugal’s leading currency exchange provider, allowing its corporate clients to make fast, cost-effective cross-border payments using Ripple Payments, formerly known as On-Demand Liquidity (ODL). This partnership means businesses in Portugal can now move money across borders more efficiently, thanks to Ripple’s technology powered by XRP.
Alongside, Monica Long also announced the strengthening of Ripple’s Brazil-Portugal payment corridor. Making things more exciting for Ripple users, Unicâmbio will now join Ripple’s existing partners in Brazil, including Travelex Bank and Mercado Bitcoin. This corridor is significant because Brazil and Portugal share strong economic and cultural ties, making cross-border transactions between the two countries highly active.
However these expansions are more than just new partnerships—they highlight Ripple’s growing influence in Europe and Latin America. By adding Portugal to its network and enhancing connections with Brazil, Ripple is positioning itself as a key player in global finance. This also means XRP’s role in facilitating these payments is expanding, increasing its real-world utility.
On the other side, Ripple’s presence in US is also getting better with rumors of Ripple vs SEC getting resolved in March to Ripple’s IPO launch the market is waiting for more such announcements in US as well. XRP need a solid push to gain investor faith back in the asset.
XRP Reaction
Despite these positive developments, XRP’s price hasn’t seen a major surge, showing only a slight increase. XRP is trading around $2.49, holding steady despite market uncertainty. Analyst Ali Martinez highlights $2.27 as a crucial support level; staying above it could spark bullish momentum toward the $3 mark. XRP has been in an uptrend since December 2024, but it’s now testing key support amid mild market reactions to global trade tensions. If it dips below $2.27, XRP risks falling under $2. Meanwhile, Bitcoin’s price movement will likely influence XRP’s next direction, as the broader crypto market often follows BTC’s lead.
While the XRP prices are still not impressive, the long-term impact of these partnerships could be significant. As more businesses adopt Ripple’s payment solutions, the demand for XRP might rise, potentially driving its price higher in the future.
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