Home Market TWT price jumps 9% after Trust Wallet announces crypto off-ramp

TWT price jumps 9% after Trust Wallet announces crypto off-ramp

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  • Trust Wallet has announced a crypto-to-fiat offramp.
  • Binance non-custodial wallet partners with MoonPay and Ramp
  • TWT price jumped 9% after news broke above $1.31 before dropping back to $1.25 at the time of writing.

Trust Wallet Token (TWT), Trust Wallet’s native token, surges more than 9% to $1.31 after news that non-custodial crypto wallet providers have started off-ramping crypto to fiat reached.

Partnership with Web3 payment platform MoonPay and non-custodial fiat-to-crypto infrastructure provider Ramp enables Trust Wallet users to seamlessly convert crypto to fiat without touching a centralized crypto exchange You will be able to Both companies say users will make transactions directly from within the Trust Wallet app.

TWT Price Outlook After Trust Wallet Partnership

As mentioned above, Trust Wallet’s integration with MoonPay and Ramp allows users to enjoy seamless withdrawals when processing crypto-to-fiat transactions. The development news that users of non-custodial wallets will be able to take advantage of frictionless crypto market trading also means full control over their stored funds.

TWT price on the 4-hour chart. sauce: TradingView

Buying pressure on TWT has increased as the bulls breached $1.30 for the first time since March 18 this year. However, the 4-hour RSI is firmly in overbought territory and has extended, suggesting a short-term downside is possible.

A potential profit-taking potential could push TWT/USD to support levels below $1.20, but renewed upward momentum could put the bulls on track to retest the resistance near $1.40. There is a nature. A move above $1.76 will open if the overall market turns bullish.

TWT is trading at around $1.25 at the time of writing, up 6% in price over the past 24 hours.

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