XRP Gets Boost from OSL Hong Kong Retail Trading Launch

OSL Hong Kong has made history by becoming the first platform licensed by the Securities and Futures Commission (SFC) to offer direct spot trading for everyday investors. The company, OSL Digital Securities, announced that users can trade XRP/USD via Flash Trade, while XRP/USD and XRP/HKD are available through its over-the-counter (OTC) service.

All trades are settled on the XRP Ledger, giving local users access to XRP with USD and HKD trading pairs. The listing comes as Hong Kong continues to support regulated digital asset services. While lawmakers in the United States are still working on crypto rules, Hong Kong has continued to add licensed products for retail users.

Despite the positive news, some analysts believe Ripple Coin still looks weak on higher timeframes. Crypto Influencer Carl Hawley posted on X that XRP price still looks weak on the bigger charts. He shared a chart showing XRP is more oversold than it was during the 2020 market crash and remains about 72% below its all-time high.