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technology1d ago
Key facts: XRP Drops Below $2; Santiment Calls It Undervalued; Ripple Partners in Saudi Arabia
- XRP/USD fell below $2 as open interest rose and negative funding rates signaled leveraged trader influence.
- Spot volume increased as XRP neared a key support near $1.80.
- Santiment says XRP is undervalued, with a 30-day MVRV of -5.7%, indicating unrealized losses for recent buyers.
- Ripple partners with Jeel, Riyad Bank’s innovation unit, to advance blockchain solutions in Saudi Arabia.
- The report frames the Saudi partnership within Vision 2030 as a broader blockchain initiative.
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