Ripple (XRP) price hovers around $2.31 on Monday, continuing its gradual decline from last week’s high of $2.65, as the broader cryptocurrency market fluctuates amid shifting investor sentiment. Supporting XRP's immediate downside is the 50-day Exponential Moving Average (EMA).
A resumption of the uptrend toward $3.00 could gain bullish momentum following Ripple's announcement of a strategic partnership with UAE-based Zand Bank and Mamo, further expanding its presence in the region after securing a Dubai Financial Services Authority (DFSA) license in March.
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