# RippleLabs

Technical Analysis of XRP Price Trend: Data Summary and Key Conclusions
- The current price of #XRP in the spot market is approximately $1.8689, with a 24-hour increase of 1.27%.
- The price is approaching resistance at $1.8745 and support at $1.8607.
- Technical indicators show mixed signals: The Relative Strength Index (RSI) indicates overbought conditions (Overbought), which may suggest a potential correction, while the MACD shows a fast line below the slow line, indicating slight selling pressure.
- Capital inflow is positive with a net cash flow of approximately $14.25 million, reflectin

Ripple Labs gets green light to boost payments in #Singapore 🚀
Singapore's Monetary Authority (MAS) has approved #Ripple Markets APAC to expand payment services under its Major Payment Institution (MPI) license. This means Ripple can now offer more services, including using digital tokens like RLUSD and $XRP for cross-border transactions.
Ripple's President, Monica Long, praised Singapore's forward-thinking approach, while Fiona Murray highlighted the region's 70% year-over-year growth in on-chain activity.
This approval cements Ripple's position as a leading blockchain institution in Singa