Ripple teams up with Unicâmbio to facilitate near-instant Brazil-Portugal payments

Key Takeaways Ripple has teamed up with Unicâmbio to enable instant cross-border payments between Portugal and Brazil. Unicâmbio’s corporate clients will benefit from near-instantaneous settlement and reduced costs. Share this article Ripple said Monday the firm is partnering with Unicâmbio, a leading financial services company in Portugal, to enable instant cross-border payments between Portugal and Brazil. As part of the partnership, Unicâmbio will utilize Ripple Payments to settle payments for their corporate customers. Developed by Ripple Labs, Ripple Payments is a payment network aimed at revolutionizing international money transfers by…

XRP Price Uptrend Hits a Snag—Is a Fresh Increase Still Possible?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum’s price under pressure as short positions reach record highs

Key Takeaways Ethereum short positions have increased by 500% since November 2024, reaching fresh highs. While Bitcoin and other major crypto assets have rebounded, Ethereum remains underperforming. Share this article Ethereum is facing a record level of short selling from hedge funds, with futures contracts on the CME reaching a new peak of 11,341, ZeroHedge’s new chart shows. Hedge funds’ record shorts weigh on Ethereum Bearish bets have surged over 40% in a week and 500% since last November, as analyzed by The Kobeissi Letter. The aggressive shorting raises red…

Ethereum Price Declines Again: Will the Downtrend Continue?

Este artículo también está disponible en español. Ethereum price failed to continue higher above the $2,880 resistance. ETH is now moving lower and might slip further toward the $2,320 support. Ethereum started a fresh decline below the $2,700 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,700 level. Ethereum Price Recovery…