Crypto Expert Peter Brandt Provides His Outlook On Ripple’s XRP: “Definitely Coiling Up”
Peter Brandt is an essential name in the crypto space and not only and it should be remembered as such.
His assumptions and predictions should also be taken into consideration especially after the man called the 2018 Bitcoin and crypto crash before it happened.
Back in January 2018, about a year ago, he urged people to understand that he’s not a hater at all, despite the bearish sentiment that was making its way into the market to develop the trend that stayed for a whole year.
You can see in this tweet his thoughts from back then.
Ripple’s XRP is “coiling up”
Now, the veteran commodities trader believes that Ripple’s digital asset is coiling up.
This term means that a big move is on the horizon. Coiling is basically a technical sign.
But it’s important to understand that this big move can be in any direction, so it’s not necessarily a good sign.
definitely coiling up pic.twitter.com/ixY4b6ysqx
— Peter Brandt (@PeterLBrandt) January 21, 2019
Ripple’s partner has plans for xRapid
Meanwhile, one of Ripple’s important partners Catalyst Corporate Federal Credit Union is flaunting their plans for XRP-powered xRapid.
The company’s CEO Kathy Garner said that the company which servers over 1,400 member and client unions across the US has plans to use the cross-border payment solution in order to enhance payments to Mexico.
“One of Catalyst Corporate’s largest endeavors in 2018 was forging a strategic partnership with Ripple, the leading enterprise blockchain provider for payments. Our goal is to send international payments to Mexico via Ripple’s blockchain solution. With this cooperative arrangement known as ‘Currentz,’ secure cross-border money transfers can be completed within minutes,” she said.
Catalyst COO Brad Ganey says xRapid is offering companies a cost-effective way to choose Ripple over the traditional wire services.
Euro Exim Bank has already done this. Euro Exim Bank will use Ripple’s XRP-powered xRapid.
Graham Bright, the head of compliance and operations at the bank, has recently told American Banker that it plans to use XRP in order to power payments across 80 countries and one of the reasons for this decision was a lost transaction on SWIFT traditional payment system.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.