ISO 20022 Coins
What is ISO 20022?
The ISO 20022 will set a new standard of communication for all financial institutions worldwide. It will completely change the financial prospect and improve international money transfer.
The new ISO 2000222 standards will be used for global payments, trading and other activities.
A crypto that complies with the ISO 20022 standard could be approved by a centralized bank that enables crypto payments. ISO standardized crypto identifiers are going to change the way crypto is used. ISO issues and official code for crypto, such as Bitcoin or Ether (ETH), that crypto will enter the database tables of top financial services like VISA and MasterCard.
Cryptocurrency list that are compliance with ISO 20022:
Cryptocurrency Code ISO Compliance Status
Ripple XRP Members of the ISO 20022
Standards body
Stellar Lumens XLM Members of the ISO 20022
Standards body
XinFin XDC Compliant
Iota MIOTA Compliant
Algorand ALGO Compliant
Let’s take at the technical analysis of above mentioned coins:
Ripple (XRP):
- RSI is stabled on 40 on daily timeframe which is good
- There is strong support on $0.48
- A retest of $0.70 – 0.75 support is expected
- If it breaks the triangle upwards, the price can continue to $1 in the coming days.
Stellar Lumens (XLM):
- Price is consolidating between $0.2 and $0.24
- Currently testing $0.2 support, if it does not hold on to it, $0.17 might be coming
- RSI heavily dropped from oversold zone and consolidating
- $0.23 can be a good entry if price continues upwards
XinFin (XDC):
- Good bounce is showing on RSI with smooth rise
- Price is consolidating between $0.05 to 0.06 for the last couple of weeks
- A good retest of $0.04 is expected before the breakout
IOTA (MIOTA):
- RSI is in consolidating phase
- Price is also consolidating between $0.6 – $1
- Currently towards the test of $0.6 support before moving towards $1 price target
- Price is consolidating between the mentioned range from mid January
ALGORAND (ALGO):
- Strong support $0.66 and a retest is expected soon
- RSI is in consolidating phase and standing on 40
- After retesting, the price can reach the target of $1 before breaking the triangle.
NOTE:
All analyses are purely for educational purposes only and not Financial Advice. Do your own research before investing in anything.
All analyses are subject to change depending on news and geographical events
