Ripple’s XRP’s Price Surged Almost 45% – Are Bulls On Their Way?
This means that the coin managed to extend its recent rally for the second day in a row to reach 45 cents.
XRP price predictions
The weekly trend line seems to hold up, and the red trend line has been broken.
Now, it’s heading to the next resistance area at 45-50 cents.
Experts say that there’s a slight chance that a bear flag could be formed, but this is not really the case considering the break of the channel to the upside.
If the coin gets a solid move and breaks the larger gold trend line, a move to $1 will be quite likely to come.
If XRP is able to go into full bull run move sometime over the next three months, it may even hit $3 again.
Ripple’s achievements might be triggering the price surge of XRP
Ripple came with some pretty impressive announcements lately which pushed their asset higher and continue to do so as it develops its infrastructure.
Ripple recently made it into the Wall Street moving its game in the big league.
The company just announced that it teamed up with one of the top ten banks in the US, PNC Bank.
Ripple stated that this partnership would be focused towards commercial customers of PNC Bank.
Other than this, Ripple keeps struggling to expand adoption of the company’s products. For instance, they have recently teamed up with the National Commercial Bank in Saudi Arabia.
This partnership triggered the opening of an essential payments corridor between the US and Gulf Countries.
.@PNCBank has joined the 100+ financial institutions on RippleNet. It’s one of the first major U.S. banks to use #blockchain tech to streamline payments into and out of the country. https://t.co/nckQaup9vZ
— Ripple (@Ripple) September 19, 2018
Using the term “real-time payments” involves that fact that this partnership is using xCurrent, as xRapid “settles” in real time. More than that, Ripple’s tweet said that the bank was using “blockchain” technology.
As you can see, Ripple keeps announcing great achievements and the developments seem to be going greater than ever. XRP is currently priced at
$0.471582 on CoinMarketCap.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.