XRP/USD is under pressure under $0.31. Banco Santander users Ripple’s technology, but not XRP. Ripple’s coin (XRP) is hovering below $0.31 handle amid growing bearish pressure. The digital asset has been moving within a narrowing range since the end of December with the sloping trendline serving as an effective barrier for XRP bulls. What’s going on Ripple has been growing its network of high-profile partnership deals with banks and financial institutions, offering them a fast and cheap solution of international payments. Banco Santander, one of the long-standing Ripple’s partners, is satisfied with the technology and the progress they have made so far with their iPhone app One Pay FX based on xCurrent. Interestingly, answering users questions in a Q&A session on Twitter, the bank’s representative said that they were using XRP for international payments to 18 EU countries and the USA. However, later they denied XRP usage: “We are sorry, unfortunately due to a misunderstanding we have given incorrect information. We do apologise for the confusion this has caused. One Pay FX uses xCurrent only.” Ripple’s technical picture XRP/USD needs to clear psychological $0.3100 to improve the short-term technical picture. However, the key barrier is $0.3140-50, created by a confluence of SMA50, SMA100 (4-hour) and an above-mentioned downside trendline. A sustainable move higher will attract new buyers with the next focus on $0.3200. On the downside, $0.3000 is the key support that has been holding bears back for some time now. Once cleared, the sell-off will gain traction. The next downside target is $0.2900, strengthened by the lower boundary of a long-term triangle. XRP/USD, 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD Technical Analysis: Rising odds for another visit to YTD lows near 1.1180 FX Street 4 years XRP/USD is under pressure under $0.31. Banco Santander users Ripple's technology, but not XRP. Ripple's coin (XRP) is hovering below $0.31 handle amid growing bearish pressure. The digital asset has been moving within a narrowing range since the end of December with the sloping trendline serving as an effective barrier for XRP bulls. What's going on Ripple has been growing its network of high-profile partnership deals with banks and financial institutions, offering them a fast and cheap solution of international payments. Banco Santander, one of the long-standing Ripple's partners, is satisfied with the technology and the progress they have… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.