Ripple has announced a donation of $100,000 in XRP to aid
communities impacted by the ongoing wildfires in California. The funds are
allocated to World Central Kitchen and GiveDirectly, two nonprofit
organizations that provide immediate relief and assist with long-term
rebuilding.
In the cryptocurrency market, XRPUSD has crossed a
significant resistance level of 2.60000 on intraday charts. This development
suggests the possibility of continued bullish momentum for the digital asset.
Ripple’s Donation Doubled by Isaacman’s Pledge
The donation is made through The Giving Block, a crypto
philanthropy platform. Additionally, entrepreneur Jared Isaacman has pledged to
match Ripple’s contribution, potentially doubling the support for affected
communities.
Ripple is donating $100,000 in XRP through @TheGivingBlock to @WCKitchen and @GiveDirectly to aid in wildfire relief efforts in California. Thanks to @rookisaacman, our donation will be doubled. You can help families and first responders too. Your crypto, cash and stock…
— Ripple (@Ripple) January 14, 2025
California Wildfires Spread, Threaten Brentwood, Encino
Meanwhile, Southern California is experiencing
“extremely critical fire conditions,” driven by Santa Ana winds. The
Palisades Fire, along with four smaller fires, continues to spread, endangering
areas such as Brentwood, Encino, and Westwood, according to NBC News.
The wildfires have claimed at least 24 lives and devastated
40,000 acres, destroying over 12,300 structures. As of early today, the
Palisades Fire has burned more than 23,000 acres and remains only 18%
contained. Efforts to control the fires are ongoing amid fluctuating wind
conditions.
XRPUSD Breaks 2.60000, Faces Rejection at 2.89000
Meanwhile, XRPUSD made a significant bullish breakout at
2.60000 on the H1 Chart. As of now, the cryptocurrency is trading well above
this level, suggesting that buyers may consider entering long positions at
favorable value areas.
However, at the 2.89000 level, it faced multiple rejections
today, which could result in a double top pattern. Buyers may opt to wait for a
better risk-reward opportunity, as going long above this level may provide more
favorable conditions.
Adyen, TMX Group, Toyota Support Wildfire Relief
Fintech
companies are playing a crucial role in wildfire relief efforts. Adyen has
launched an emergency fundraising campaign, allowing businesses on its platform
to collect donations for Americares, a health-focused nonprofit, as reported by
Finance Magnates.
The funds will provide critical medical supplies, hygiene
kits, and other essentials for communities affected by the fires. Adyen is
matching all donations made through its platform and covering the transaction
costs.
Toyota Supports California Fires Relief Efforts Toyota Motor North America and Toyota Financial Services announced efforts to assist those suffering from the impacts of the recent fires in California. Toyota contributes annually to The American Red Cross and SBP, and these fu… pic.twitter.com/Lc8TNPtWmt
— Cerebral Overload (@CbrOvld) January 10, 2025
TMX Group, a global market operator, has donated $25,000 to
the Red Cross California Wildfire Relief, helping to provide shelter, food, and
health services to those impacted.
Toyota is supporting the cause by matching employee
donations to The American Red Cross and other nonprofits, as well as offering
payment relief options through Toyota Financial Services to customers in
affected areas. These organizations are demonstrating a strong commitment to
aiding wildfire victims during this crisis.
This article was written by Tareq Sikder at www.financemagnates.com.
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