On May 31, XRP suffered a brief correction, and now, the price seems to be recovering.
Ripple’s digital asset is still placed on the third position on CMC and it’s trading in the green, above $0.45.
Global collaborations to fuel the surge in XRP’s price
According to the latest predictions coming from Smartereum, XRP is set to see some more gains during this month, and Ripple’s global partnerships are expected to fuel XRP’s surge.
They write that XRP is currently building momentum during June and this comes following various initiatives from Ripple.
The San Francisco-based firm is adding new clients to its list of collaborators in a bid to trigger more adoption.
This month, it’s expected that Ripple’s network of clients will be growing even more and this is seen by the online magazine mentioned above as the main catalyst for a price boost for XRP.
Ripple and XRP gain institutional attention
Ripple has been gaining more interest from institutional investors which are from within and outside the financial sector as well.
Smartereum writes that Ripple’s goal is to get global collaborations that will make XRP more popular compared to Bitcoin and make the payment protocols the most important ones at a global scale.
“When Ripple reaches mass adoption, the XRP token will become the most sort after cryptocurrency in the world,” Smaretreum writes.
Other XRP price predictions
Weiss Ratings also seems to be quite bullish on XRP in their recent predictions.
Weiss Ratings says that the price of XRP signaled a breakout on May 14.
This could be translated into the fact that XRP will have enough momentum to boost the coin a lot if it can succeed in breaking the $0.48 position.
When comparing XRP to Bitcoin, Weiss ratings said that the two projects are both viable and they are not “mutually exclusive.”
“BTC is an excellent store of value, and XRP is an excellent payment network.,” Weiss ratings tweeted.
Anyway, XRP’s price still has to mirror the achievements of Ripple.
