Ripple Targets Africa's $205 Billion Crypto Market But XRP Can't Hold $1.30

Benzinga04-07

Ripple is expanding into Africa’s $205 billion crypto market with RLUSD partnerships and custody solutions as XRP (CRYPTO: XRP) tests the $1.30 support that has held multiple times over the past two ...

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Hold $1.30\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-07 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/04/51677009/ripple-targets-africas-205-billion-crypto-market-but-xrp-cant-hold-1-30><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ripple is expanding into Africa’s $205 billion crypto market with RLUSD partnerships and custody solutions as XRP (CRYPTO: XRP) tests the $1.30 support that has held multiple times over the past two ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/04/51677009/ripple-targets-africas-205-billion-crypto-market-but-xrp-cant-hold-1-30\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRPZ","symbol_name":"Franklin XRP 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","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPZ":"Franklin XRP ETF","XRP":"Bitwise XRP ETF","XXRP":"2倍做多XRP ETF-Teucrium","XRPI":"1倍XRP ETF-Volatility Shares","TOXR":"21shares XRP ETF","SAR":"Saratoga Investment Corp","XRPC":"Canary XRP ETF","BITW":"Bitwise 10 Crypto Index ETF","UXRP":"Proshares Ultra XRP ETF","XRPT":"2倍杠杆XRP ETF-Volatility Shares","BK4135":"资产管理与托管银行"},"translate_title":"Ripple瞄准非洲2050亿美元的加密货币市场，但XRP无法持有1.30美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRPZ":1.5,"BITW":1.5,"SAR":1,"XRPI":1.5,"XXRP":1.5,"TOXR":1.5,"UXRP":1.5,"XRPT":1.5,"XRPC":1.5,"XRP":1.5},"content_text":"Ripple is expanding into Africa’s $205 billion crypto market with RLUSD partnerships and custody solutions as XRP (CRYPTO: XRP) tests the $1.30 support that has held multiple times over the past two weeks.The Africa PushSub-Saharan Africa received more than $205 billion in on-chain value between July 2024 and June 2025, a 52% year-over-year increase. Nigeria ranked 6th and Ethiopia 12th in the 2025 Global Crypto Adoption Index.Ripple’s RLUSD stablecoin has seen strong demand across Africa through partnerships with Mercy Corps Ventures in Kenya for aid delivery, plus Chipper Cash, VALR, and Yellow Card for institutional access. Moreover, Absa Bank signed a strategic partnership for Ripple Custody.Ripple’s 2026 survey found 57% of finance leaders prefer partners that provide custody, orchestration, and compliance together rather than managing components separately.The Regulatory WaveEight African countries have implemented crypto-specific regulation, with more working toward formal frameworks focusing on licensing digital asset service providers, strengthening AML requirements, and establishing consumer protection standards.South Africa led in June 2023 with a comprehensive framework classifying crypto assets as financial products. Kenya signed its Virtual Asset Service Providers Bill into law in October 2025, placing oversight under the Central Bank of Kenya and Capital Markets Authority.Nigeria formally recognized digital assets as securities under the Investments and Securities Act 2025. The Central Bank of Nigeria relaxed previous restrictions on banks working with licensed digital asset providers, launching an AML supervision pilot for VASPs.Mauritius introduced Africa’s earliest comprehensive frameworks through the VAITOS Act of 2021, with strong AML and counter-terrorism financing requirements. The country issued stablecoin guidance last year.The Use Case DriverAfrica is responsible for 70% of the world’s $1 trillion mobile money market. In Sub-Saharan Africa, 40% of adults held mobile money accounts in 2024, up from 27% in 2021. A third rely exclusively on mobile money for global financial system access.Traditional cross-border payment rails remain a pain point across the region, compounded by lack of access to stable foreign currencies. Digital assets provide a more efficient alternative to traditional rails, which require multi-day settlement times and significant fees.The Technical BreakdownXRP is down 1%, sliding back toward the $1.30 support. The descending trendline from the April 17 high of $1.61 has rejected every meaningful rally.The Parabolic SAR at $1.3473 sits overhead as immediate resistance. All three VWAP levels ($1.3157, $1.3185, $1.3129) are compressed tightly around current price.Key support sits at $1.30 with $1.2800 below that. Resistance clusters at $1.3185 (VWAP), then $1.3473 (SAR), then $1.38. A clean break below $1.30 with volume would target $1.25.Image: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.To add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2625213958","isCrawlerRequest":true}