BoA Hires Manager To Work On Ripple Project, USDT Flows Into XRP

Bank of America (NYSE: BAC) is currently searching for a treasury product manager to work in New York on a Ripple solution. This is according to a Linkedin job offer recently published by the bank.

Bank of America Works With Ripple’s Technology

The new employee is expected to lead the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross border payments marketed to GTS clients.

This user will be driving product strategy and growth in addition to overseeing daily product management routines. Moreover, he would also have to control the development of new initiatives that result in an innovative and highly competitive product offering.

In addition to it, the expert will have to understand client needs, product functionality, and marketplace trends. Furthermore, the new product manager will also have to exhibit a strong background in payments and dedication to enhancing his expertise.

Additionally, he will have to engage with regional partners and develop appropriate expansion strategies and related business cases for Ripple products.

This is very positive for Ripple that is trying to offer its services to companies in the financial world. Ripple products can be used by banks and other financial firms to reduce costs and increase efficiency while performing cross-border payments.

XRP Market Performance

The Ripple’s XRP cryptocurrency has been growing for the last two weeks, and it is expected for it to continue this trend in the future as the Swell event gets closer.

At the moment, the critical support levels for this digital asset are $0.263, $0.253, and $0.245 if XRP starts trading downwards. Resistance levels can be found close to $0.2788, $0.2875, $0.2904, and $0.2933 if XRP moves higher.

At the same time, in the last 24 hours, $230 million USDT moved towards XRP, much more than funds coming from other currencies such as the US dollar or the Japanese Yen.

Coinlib.io data

Finally, XRP is holding well with the EMA 100 that has been supporting XRP’s price movement during the last few days.

At the same time, the Stochastic RSI indicator is showing a possible buying opportunity with the indicator being displayed above 0.50.

As mentioned before, XRP is steadily going up after being traded for a brief period below $0.24. As the Swell event gets closer, the price of the third-largest cryptocurrency could continue increasing further. Historically, XRP tends to decline during the Swell conference.

At the time of writing this article, XRP has a price of $0.2778 and a market capitalization of $12 billion.

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Justinas Baltrusaitis

Justinas Baltrusaitis

Justin is an editor, writer, and a downhill fan. He spent many years writing about finances, blockchain, and crypto-related news. He strives to serve the untold stories for the readers.
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