XRP's price is taking a hit, down over 2% to $2.27, as traders take profits. Meanwhile, Ripple is doubling down on its Asia-Pacific ambitions šø.
*Ripple's APAC Push š„*
Ripple's University Blockchain Research Initiative (UBRI) is injecting $5 million into APAC blockchain innovation financing. This investment spans six countries, including South Korea, Japan, Singapore, Taiwan, and Australia š¤.
*Key Partnerships š*
- Korea University: $1.1 million over six years to advance blockchain research
- Kyoto University: $1.5 million to enhance blockchain research in Japan
- Nanyang Technological University (NTU): $3 million to expand blockchain education initiatives
*Quote from Professor Yang Liu š¢*
"By allowing students and researchers to build on the XRPL, we can involve more people in the blockchain ecosystem and contribute to its growth."
*XRP's Price Outlook š*
Despite the bullish news, technical signs are bearish. Current support is $2.25, and resistance is $2.32. Will XRP break through or bounce back? š¤
*The Bigger Picture š*
Ripple's APAC expansion aligns with governments' efforts to clarify crypto regulations and boost digital finance. UBRI has invested over $11 million in APAC blockchain and fintech education š.
Stay tuned for more updates on XRP and Ripple's APAC adventure! š