The sixth-largest crypto, boasting $25 billion in market capitalization, has in the last 24 hours seen a trading volume of over $1.1 billion rush in. This bullish outlook is not unique to XRP, as Bitcoin (BTC) is up 2.7% to trade at $25,591, while the largest smart contracts token, Ether has gained 2%—and exchanging hands at $1,673 on Friday.
As we will see later, XRP price is not out of the woods yet . Despite the bullish outlook, bulls are seemingly struggling to uphold the uptrend. And yet, they must reclaim resistance at $0.5 to wade off the bearish shackles and focus on the ultimate breakout to $1.
The Central Bank of Colombia Exploring Ripple’s CBDC Platform
Ripple continues to cater to the needs of central banks open to delving into payment networks backed by central bank digital currencies (CBDCs). According to the latest announcement by Peersyst Technology, the Colombia central bank is ready to “evaluate potential efficiencies of a (payments) solution using the Ripple CBDC Platform”
The endeavor will feature input from the central bank, Ripple, Peersyst Technology (a software builder), and MinTIC.
We are excited to announce that @Peersyst and @Ripple will start working with the License.
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