The crypto markets started the new week strong, with BTC closing the week at $34,500. XRP Coin also returned to the $0.55 zone. The post XRP Healthcare Expands to the Middle East: Ripple’s Plans for Institutional Adoption appeared first on COINTURK NEWS.
The crypto markets started the new week strong, with BTC closing the week at $34,500. XRP Coin also returned to the $0.55 zone. Today’s announcement includes details about the new steps taken. The company aims to continue its agreements in the blockchain field rapidly as the end of the lawsuit approaches. In this regard, expansion plans to Dubai have been announced.
XRP Coin News
XRP Healthcare, the first healthcare platform built on the XRP Ledger, announced today that it has expanded to the Middle East. Ripple Labs, the US-based technology company, is trying to accelerate the institutional adoption of the XRP Ledger as the end of the lawsuit approaches. Many crypto startups have started offering blockchain services to leading companies in various fields. We may see similar developments for Ripple, such as the partnership between Chainlink and Swift.
The announcement stated:
“XRP Healthcare sees that the Middle East aims for more progressive regulations regarding blockchain compared to many jurisdictions, including the United Kingdom.”
Laban Roomes, Business Development Manager at XRP Healthcare, said:
“The Middle East has shown significant adoption of innovation and technology, especially in the blockchain and crypto fields. Dubai’s progressive regulatory framework makes it an ideal place for XRP Healthcare’s expansion and growth. It should be noted that XRP Healthcare is a long-term project with a roadmap extending until 2027.”
The initiative will increase its activities in the surrounding regions by establishing XRP Healthcare L.L.C in Dubai. XRP Healthcare partnered with The Burnratty Investment Group earlier this year and is considered one of the most important parts of the Ripple ecosystem.
XRP Coin Comments
At the time of writing, the XRP Coin price is finding buyers at $0.558. The critical zone is $0.58, but with decreasing trading volumes, investors have reduced their risks. On the weekly chart, the targets are still clear, and if the XRP Coin price surpasses the first resistance, it may target the $0.64 and $0.67 zones. Weekly closings above this level will target the $0.94 resistance.
On the daily chart, $0.54 acted as support, and there is a price struggling to close above $0.564. The long upper wicks in resistance tests reflect short-term investors’ profit-taking.
Disclaimer: The information in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.
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