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<p>Popular XRP analyst Edo Farina tweeted that Ripple has been in discussions with the Central Bank of Mexico about using XRP as a “bridge asset solution” between the US dollar and Mexican peso.</p>
<p><a href="https://x.com/edward_farina/status/1738232229963366673?s=20" target="_blank" rel="noopener noreferrer nofollow">According</a> to Farina, Ripple presented information showing how its XRapid software and XRP cryptocurrency could facilitate faster and cheaper cross-border payments between the two countries.</p>
<p><em>“The official letter forwarded by Ripple also mentions XRapid, a software that utilizes DLT and $XRP,”</em> said Farina on Twitter.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="710" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-710x1024.png" alt="" class="wp-image-405200" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-710x1024.png 710w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-208x300.png 208w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-768x1108.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-1064x1536.png 1064w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-1419x2048.png 1419w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-104x150.png 104w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-100x144.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-243x350.png 243w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641-788x1137.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-641.png 828w" sizes="(max-width: 710px) 100vw, 710px">
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<p>This potential real-world usage case for <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> could boost adoption and demand for the cryptocurrency. However, XRP’s price has stagnated in recent weeks despite altcoins like Avalanche and Solana seeing triple-digit gains.</p>
<p>In the last 30 days, XRP is up just 3% compared to 116% gains for AVAX, 65% for SOL, and even 22% gains for DOGE. This lack of upward price action is testing the patience of XRP investors.</p>
<p>Popular analyst Dark Defender <a href="https://x.com/DefendDark/status/1737948557150458351?s=20" target="_blank" rel="noopener noreferrer nofollow">tweeted</a> that XRP finally broke out above a key resistance level on the daily time frame after multiple failed breakout attempts. With the RSI momentum indicator moving back above 50, this could indicate the start of a new uptrend.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-1024x576.png" alt="" class="wp-image-405209" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-767x431.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-2048x1151.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-623x350.png 623w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-642.png 1366w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The breakout, when combined with the strengthening RSI, signals that XRP is likely heading back towards the $0.66 level. “It would be nice to have a Christmas and New Year gift of XRP touching the $1.05 level.” explained Dark Defender.</p>
<p>So while Ripple continues making progress on real-world adoption, XRP holders will be hoping the technical breakout translates to the cryptocurrency playing catch-up to broader market gains.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-in-talks-with-mexican-central-bank-over-cross-border-payments-but-xrp-price-lags/" rel="noopener noreferrer nofollow">Ripple in Talks with Mexican Central Bank Over Cross-Border Payments, But XRP Price Lags</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple in Talks with Mexican Central Bank Over Cross-Border Payments, But XRP Price Lags

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