MoonPay, a cryptocurrency payment gateway, has announced its integration with Ripple, expanding partnerships for both companies as they work to enhance service delivery.

This move aligns with MoonPay’s vision of making cryptocurrency more accessible by offering simplified on-ramps for everyday users.

MoonPay Announces Ripple Partnership

The partnership represents a key milestone for MoonPay, granting its global user base seamless access to Ripple’s native token. This integration enables users to buy, manage, and store XRP directly within the MoonPay ecosystem.

“In partnership with Ripple, you can now buy, store, and manage your XRP directly within your MoonPay account. Whether you are a new recruit or a loyal soldier, welcome home,” MoonPay announced.

Read more: How To Buy XRP and Everything You Need To Know

In May 2024, MoonPay integrated PayPal for easier crypto purchases. This enabled users to buy digital assets via bank transfers through a streamlined and familiar interface. The latest partnership, therefore, is another step forward in simplifying cryptocurrency transactions for MoonPay’s growing user base.

The ability to buy crypto through PayPal, coupled with MoonPay’s latest XRP purchase features, reinforces the platform’s growing efforts in the mainstreaming of digital assets. It also highlights the growing relevance of Ripple’s powering token.

MoonPay’s integration is seen as a vote of confidence in XRP’s future despite Ripple’s legal challenges with the US SEC. As both companies expand their product offerings, this partnership places MoonPay and Ripple at the forefront of efforts to make crypto more accessible.

Ripple CLO Outlines Ripple vs. SEC Appeals Timeline

Meanwhile, Ripple remains embroiled in a legal battle with the SEC. Since 2020, the company has faced allegations that its sale of XRP tokens amounted to an unregistered securities offering. This high-profile case has drawn significant attention from the community, as its outcome could have far-reaching implications.

In July 2023, Ripple scored a partial victory but remains under legal pressure, as the SEC is still appealing parts of the ruling. The case remains unresolved, with the XRP community riding on hope. This leaves Ripple’s long-term regulatory standing uncertain, with the outcome still a key issue that could shape the future of XRP’s status.

Speaking to Fox Business correspondent Eleanor Terret, Ripple chief legal officer Stuart Alderoty reportedly outlined the timeline for the appeals process between Ripple and the SEC. Alderoty noted that the SEC has until Thursday, October 17, to submit Form C, which will provide insight into the specifics of its intended appeal.

Following this, Ripple reportedly plans to file its own Form C seven days later, detailing the arguments for its cross-appeal. This sequential filing process marks the beginning of what is anticipated to be a lengthy and complex legal battle.

Once both parties have submitted their respective forms, they will agree on a briefing schedule. The SEC will have up to 90 days to submit its opening brief. Alderoty expressed his expectation that the SEC would utilize the full 90 days to present a comprehensive account of its legal arguments.

Ripple will subsequently file a response and its own brief, kicking off an extensive briefing process projected to extend through July 2025. This timeline suggests a protracted legal engagement, highlighting the significant stakes involved.

Read More: Everything You Need To Know About Ripple vs. SEC

BeInCrypto data shows that XRP’s price has risen modestly by 1.17% following the news. As of writing, the token is trading at $0.5495.

Ripple (XRP) price has been relatively stable with no clear trend direction emerging. The RSI indicator shows a neutral sentiment, suggesting a balance between buying and selling activity. Meanwhile, the Chaikin Money Flow has turned positive, pointing to some accumulation, but the buying pressure remains modest.

The EMA lines are still in a bearish alignment, though a bullish crossover may be on the horizon. If buying pressure strengthens, XRP could potentially break through key resistance levels in the coming days.

XRP RSI Has Been Neutral For Days

XRP’s Relative Strength Index (RSI) is currently at 58.59 and has been hovering between the 45 to 65 range for nearly a week. This indicates a lack of strong price momentum in either direction. Typically, an RSI around 50 suggests neutral sentiment, where buyers and sellers are relatively balanced.

The recent RSI movement within this range implies that XRP’s price has been relatively stable, neither reaching overbought nor oversold conditions, which often characterizes a market waiting for stronger cues to establish a trend.

Read More: XRP ETF Explained: What It Is and How It Works

The RSI is a momentum oscillator ranging from 0 to 100, commonly used to assess whether an asset is overbought or oversold. An RSI above 70 typically indicates overbought conditions, suggesting a potential price correction. An RSI below 30 signals oversold conditions, which could present a buying opportunity.

With XRP’s RSI at 58.59, it shows moderate buying strength, but not enough to push the asset into overbought territory. This level indicates that while there is some positive sentiment around XRP, it is not yet strong enough to drive a significant trend. This leaves the price direction uncertain and suggesting a continued consolidation phase.

Ripple CMF Is Now Positive

XRP’s Chaikin Money Flow (CMF) indicator is currently at 0.08, recovering from a recent dip to -0.10. This shift from negative to positive suggests that buying pressure has started to outweigh selling pressure, indicating some accumulation of XRP.

However, despite turning positive, the value of 0.08 reflects only a modest level of capital inflow, suggesting that the buying momentum is still relatively weak.

The Chaikin Money Flow is a technical indicator that measures the buying and selling pressure of an asset, based on the closing price and volume of trades. Positive CMF values indicate net buying pressure, whereas negative values suggest net selling pressure.

Although XRP’s current CMF value of 0.08 shows signs of buying activity, it remains significantly below the 0.15 to 0.20 levels that were seen during XRP’s last rally in late September. This suggests that while the buying sentiment has improved, it is not yet at the strength needed to trigger a sustained upward move.

XRP Price Prediction: A 22% Price Surge Ahead?

XRP’s EMA (Exponential Moving Average) lines are currently in a bearish formation, with shorter-term EMAs positioned below the longer-term EMAs. This alignment suggests that the prevailing trend has been downward. However, the short-term EMAs now appear to be moving upwards, potentially crossing above the long-term EMAs.

If this crossover occurs, it could signal a shift to a bullish trend, where buying pressure starts to dominate, potentially sparking a new upward momentum in XRP’s price.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

EMA lines are moving averages that assign greater weight to recent price data, making them more responsive to short-term market changes. Traders often use EMAs to identify trends and potential reversals. When short-term EMAs cross above long-term EMAs, it is typically considered a bullish signal. That indicates that recent buying strength could lead to a sustained rally.

If this uptrend materializes, XRP could test resistance levels at $0.61, and potentially push further to $0.63 or even $0.66. That would depend on the strength of the buying momentum. However, if the bullish crossover fails to materialize, XRP might instead continue its bearish trend, potentially falling to the support levels of $0.50 or even as low as $0.43 if selling pressure increases.

Over the past decade, Crypto Valley in Zug, Switzerland, has grown into a global leader in blockchain innovation, with a valuation surpassing half a trillion dollars in 2021. It has become a hub for pioneering companies, driving the future of decentralized finance (DeFi) and blockchain technology.

In an exclusive for BeInCrypto, Charles Hoskinson, CEO and founder of Input Output Global, reflects on the factors behind Crypto Valley’s success and the role Cardano has played in its rise. 

A Decade of Growth

Ten years ago, Crypto Valley was just starting out in Zug, Switzerland. Today, it’s a bustling hub for blockchain technology and home to many companies making a global impact in cryptocurrency. By 2021, the valley’s value shot up to over half a trillion dollars ($611.8 billion), showing just how far it has come and how much potential it still has.

“The success of Crypto Valley over the years can be attributed to several fundamental drivers, including sufficient funding resources, Switzerland’s regulatory framework, and highly skilled professionals sharing their expertise. The canton of Zug’s taxation standpoint is also a key factor; it has the lowest tax rates at approximately 11-12%,” Charles Hoskinson explained. 

A significant pillar of Crypto Valley’s acceleration has been Input Output’s (IOHK) flagship project, Cardano. Offering a third-generation blockchain platform, Cardano joins the commitment to scalability, sustainability, and interoperability.

Input Output’s dedication to rigorous research and development has expanded Cardano’s reputation and influence beyond the borders of Crypto Valley, establishing it as a core player in the blockchain space. The Cardano Foundation, based in Zug, continues to support the cause, ensuring that Cardano retains its space as a pioneer in decentralized finance.

The Fourth Generation of Blockchain

Over the past decade, blockchain technology has grown and matured, bringing us closer to the new generation of blockchain. Switzerland, and Crypto Valley in particular, has been at the heart of this progress.

“Switzerland is set to remain at the forefront of the DeFi revolution by navigating the complexities of regulation in the industry. As the DeFi world accelerates, the ripple effects of Crypto Valley’s growth will extend beyond the blockchain hub in Zug to the inclusion of global economies, and will help reshape the financial landscape for the future,” the Input Output CEO commented.

According to Hoskinson, blockchain’s journey started with Bitcoin, the first generation, which came out of the Cypherpunk movement. The second generation, led by Ethereum, introduced smart contracts and made blockchain programmable.

The third generation focused on improving speed and efficiency, allowing the technology to handle more transactions smoothly and at lower costs. But even with these improvements, there are still challenges ahead.

“Each generation has been unique in the evolution of cryptocurrencies and blockchain technology, and the upcoming fourth-generation presents us with new challenges. We’re not at the finish line yet,” he added.

The fourth generation will focus on two major gaps: privacy and identity. While earlier versions of blockchain provided transparency and security, they haven’t been able to protect sensitive data effectively. This is critical in industries like finance, healthcare, and supply chains, where a mix of public transparency and private confidentiality is needed.

Right now, blockchain technology struggles to offer the privacy features that businesses and users need to securely manage their information. The fourth generation will introduce selective privacy, where users can choose which details to keep private and which to make public. It will also improve identity management, making it easier to manage real-world assets on the blockchain. 

“Having been a driving force in the innovation of blockchain technologies, we’re now heading towards revolutionary advancements in privacy and identity. On its current trajectory, the future is bright for redefining the way we secure and control user identities,” Hoskinson stated. 

Switzerland: A Model for Future Blockchain Hubs

Switzerland has become more than just a blockchain hub; it’s now a model for future crypto clusters around the world. The country’s support for technological innovation, particularly in blockchain and cryptocurrencies, has been essential to the growth of the industry.

“The technological advancement of blockchain and cryptocurrencies would not be possible without Switzerland’s support and approach. The country’s mindset of fostering innovation is the catalyst driving the industry forward, creating an environment where blockchain tech can truly thrive,” Input Output CEO said.

The progress in blockchain so far has been crucial in shaping the future of the industry. Switzerland’s leadership provides a clear example for other regions looking to build their own crypto clusters.

With its balanced regulatory approach, Switzerland demonstrates how to create a secure and efficient framework for blockchain projects — today, Crypto Valley hosts nearly 1,300 blockchain companies and 13 unicorns.

“To celebrate these accomplishments and mark the 10th anniversary of the Ethereum Foundation, I am honored to be recognized for my contributions to the Swiss economy, as well as global economies, as one of the founders of Ethereum,” Hoskinson shared. 

Reflecting on a decade of Crypto Valley’s growth, the achievements so far are just the beginning. The milestones reached and innovations made point to a promising future for blockchain. The next ten years will likely bring further advancements and even greater potential for the industry.