28th March 2025 – (New York) XRP experienced a 2% decline on Thursday, failing to recover despite Ripple’s recent collaboration with mobile payment services provider Chipper Cash for cross-border payments. While Ripple’s partnership aims to facilitate faster and more affordable international money transfers using Ripple Payments, XRP’s value remained subdued.
The partnership between Ripple and Chipper Cash is geared towards enhancing payment services, particularly for transactions into Africa, with Ripple Payments leveraging XRP to streamline cross-border payments and reduce associated costs and processing times.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, expressed optimism about the collaboration, citing its potential to drive economic growth and innovation across served markets.
On a different note, XRP encountered resistance near the 50-day Simple Moving Average (SMA) and currently tests support at $2.34, facing the risk of a decline towards $1.96 if the support level is breached. Despite the recent challenges, bullish price forecasts for XRP have emerged, with market analysts projecting ambitious targets, including a long-term goal of $44, reflecting significant growth potential for the cryptocurrency.
