XRP price slipped 2.47% to $1.38 on Wednesday amid market caution ahead of inflation data. Ripple will be in a position to control onboarding, compliance controls, flow of funds, and foreign exchange under the license. The broader crypto market weakened as investors reduced risk before key U.S. inflation figures release. XRP has struggled below $1.40 following a strong rally and a modest market correction recently.
Ripple to Acquire BC Payments Australia to Secure AFSL
The digital payments company Ripple is moving to acquire BC Payments Australia to secure an AFSL license. The transaction is scheduled to finalize on April 1, subject to customary closing conditions.
The acquisition strengthens Ripple’s regulatory standing in the Asia Pacific financial services market. Ripple will be in a position to control onboarding, compliance controls, flow of funds, and foreign exchange under the license.
Another license received 🇦🇺🚀 https://t.co/OqwT0yCR3X
— Reece Merrick (@reece_merrick) March 11, 2026
The company will also manage liquidity and settlement processes across traditional banking rails and digital assets. Executives described Australia as a strategic hub for expanding blockchain-based payment infrastructure.
Asia Pacific managing director Fiona Murray said the approval will support broader regional scaling plans. Ripple stated that compliance remains central to its global growth strategy and operational model.
The firm now holds more than 75 regulatory approvals across multiple international jurisdictions. Following the announcement, XRP recorded gains as demand increased in spot and derivatives trading markets.
XRP Price Analysis: Will Bulls Target the $1.50 Level in the Coming Sessions?
XRP price decreased to $1.3766 on Wednesday as traders reacted to steady selling pressure across major digital assets.
According to the technical analysts, XRP is still trading below the significant resistance level of $1.40. A firm close above $1.40 could encourage renewed buying interest in the near term.
Should the bullish momentum continue, the second upward target will be at $1.50. Breaking out above $1.50 successfully might lead to the break into the 1.60 area.
The Moving Average Convergence Divergence indicator is approaching the zero line. This position implies that neither the buyers nor the sellers have an upper hand. In the meantime, the Relative Strength Index is close to the 50 level. This type of reading is usually an indicator of neither overbought nor oversold neutral momentum.
On the negative side, there is distinct support at the $1.30 level. This area has already received selling pressure in the past few pullbacks. A low move below $1.30 may open XRP to further decline to $1.20.
XRP Derivatives Volume Jumps 17% as Open Interest Edges Higher
The XRP derivatives markets have recorded positive returns in the past 24 hours, and this means that traders are back on the hook. Trading volume increased by 17% to $4.18 billion across the key exchanges. The rise indicates intensified futures and perpetual contracts speculation around the token.
Open interest also rose extending 0.47% to 2.40 billion. This increase shows that the available positions are not closed. The derivatives measures tend to give an idea on the short term mood and the possible price movements.