XRP Ready to Soar? Ripple Acquires Australia’s BC Payments—Could the Price Hit $1.50?

Jakarta, Pintu News – This week, the crypto market was back in the spotlight after Ripple (XRP) announced a strategic move by acquiring BC Payments Australia. This move was made to secure the Australian Financial Services License (AFSL) which is crucial in strengthening Ripple’s position in the Asia Pacific region.

Meanwhile, the price of Ripple (XRP) had corrected amid investor caution ahead of the release of US inflation data. However, this acquisition is considered to be a positive catalyst that can push the price of Ripple (XRP) to break through important resistance levels in the near future.

Ripple Strengthens Position in Asia Pacific Through Acquisition of BC Payments Australia

Ripple (XRP) officially announced its planned acquisition of BC Payments Australia which is scheduled to be completed by April 1, subject to customary closing conditions. With this acquisition, Ripple (XRP) will gain full control over the onboarding process, compliance oversight, fund flow, as well as foreign exchange management under the AFSL license.

This step emphasizes Ripple’s (XRP) commitment to expanding its blockchain-based payment infrastructure in the Asia Pacific region, which is considered very strategic. Ripple (XRP) executives cited Australia as an important center for the expansion of digital financial services in the region.

In addition to strengthening its position in the Asia Pacific market, Ripple (XRP) will also manage liquidity and transaction settlement processes across traditional banking and digital assets. Fiona Murray, Managing Director Asia Pacific at Ripple (XRP), emphasized that this agreement will support broader regional expansion plans.

Ripple (XRP) places compliance at the core of its global growth strategy and operational model. To date, Ripple (XRP) has secured over 75 regulatory approvals across various international jurisdictions, strengthening market confidence in its ecosystem.

Also read: Ripple (XRP) Breaks Record: 7.7 Million Active Users, Price Soars!

Ripple (XRP) Price Analysis: Will the $1.50 Target Be Reached?

The price of Ripple (XRP) fell to $1.3766 last week, as selling pressure hit the majority of major cryptocurrencies. However, technical analysts think that Ripple (XRP) is still struggling to break the important resistance at $1.40.

If the price is able to close above this level, the potential for fresh buying is expected to increase in the near term. Continued bullish momentum could push Ripple (XRP) towards its next target of $1.50, even opening up opportunities towards the $1.60 area if a convincing breakout occurs.

The Moving Average Convergence Divergence (MACD) indicator is currently close to the zero line, signaling that there is no dominance between buyers or sellers. Meanwhile, the Relative Strength Index (RSI) is around the 50 level, which usually indicates neutral momentum without significant buying or selling pressure.

On the other hand, a strong support area is at $1.30, which was previously tested during a price correction. If the price of Ripple (XRP) drops below $1.30, a potential further drop to $1.20 could occur.

Also read: 3 Hottest Crypto Stocks This Week, Any MSTR?

Ripple (XRP) Derivatives Volume Surges, Signals of Increased Speculation

Last week, the Ripple (XRP) derivatives market recorded a 17% jump in trading volume to $4.18 billion across major exchanges. This increase signaled increased speculation activity on futures and perpetual contracts involving Ripple (XRP).

In addition, open interest also edged up by 0.47% to $2.40 billion, indicating open positions that market participants have yet to close. This data suggests that short-term sentiment towards Ripple (XRP) is improving, as investors’ interest in derivative instruments increases.

Increased volume and open interest in the derivatives market is often an early indicator of more volatile price movements. Traders utilize this momentum to take positions, both long and short, according to expectations of future Ripple (XRP) price movements.

If this positive trend continues, Ripple (XRP) has the opportunity to experience a stronger price rally in the coming trading sessions. However, caution is still required given the high volatility of the crypto market which is influenced by global sentiment.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

As a safe crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today ‘ s gold jewelry price and today ‘ s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.

Download the Pintu crypto app via Play Store or App Store now. Enjoy web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. XRP Price Outlook as Ripple to Acquire BC Payments Australia for Financial License. Accessed on March 22, 2026
• Featured Image: U Today