{"content":"Ripple Partners With Absa Bank 🤝 – Crypto Custody Takes Off in South Africa! Ripple has partnered with Absa Bank to offer digital asset custody in South Africa. The bank is anticipated to use Ripple's institutional-grade crypto custody technology to provide scalable and safe storage for tokenized assets like cryptocurrency. Absa Bank is Ripple's first African bank to use its institutional-grade digital asset custody technology. Ripple said the partnership is driven by rising market demand for safe, regulatory-compliant digital custody services. According to Ripple's Middle East and Africa Managing Director Reece Merrick, "Africa is experiencing a major shift in how value is stored and exchanged, and our partnership with Absa underscores Ripple's commitment to unlocking the potential of digital assets on the continent." Ripple has partnered with financial institutions and governments to grow throughout Asia and the Middle East. The company's entry into Africa, Chainalysis' second-largest crypto market, highlights its ambitions to bring more institutions and individuals on-chain. Retail interest in XRP steadied on Tuesday but fell again on Wednesday, averaging $4.19 billion. XRP's loss is likely to accelerate when futures Open Interest (OI) falls below levels recorded during last week's deleveraging event, which caused enormous liquidations. XRP fell below $2.50 on Wednesday. Key indications support its bearish daily chart technical structure. A sell signal from the Moving Average Convergence Divergence (MACD) indicator on the same daily chart has been held since Thursday, advising investors to reassess risk exposure. The red histogram bars below the mean line indicate bearish momentum and further drop. On Tuesday, $2.40 provided support, and $2.20, tested in early July, is also of interest. Still, buying the dip might lead to a reversal over $2.40 support and into the 200-day EMA at $2.63. #PowellRemarks #WhaleAlert #TrumpTariffs #xrp $XRP ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/15/bd30d1321a6e99feb7c4e280fc32f4e3.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}