XRP Price Start Mini Bull Run After Ripple’s Partnership With CULedger

XRP is currently the number 3 largest digital asset by market capitalization. The coin has a return on investment of 6330.62%. There are no less than 42,116,677,673 XRP in circulation. Ripple is trying to surge the price of XRP with new partnerships. The price of XRP has managed to gather a few feathers following a host of collaborations with the CULedger partnership as the latest. XRP has added CULedger to R3’s Corda network.

The goal of the initiative is to facilitate growth for the cross-border payment options run by the credit-union centric firm. CULedger hopes to use the partnership with XRP to help its credit union deal with the issue of fraud, cybersecurity, and malfeasance.

Along with the aforementioned solutions, the collaboration is also designed to boost “member experience, and streamline internal processes. Its goal is to reduce both administrative and operational costs.” Per the official press release following the partnership between both entities:

This new endeavor will allow the credit unions using our (CULedger’s) network choose from a range of near-instant, more affordable and secure domestic and cross-border transaction options to meet the needs of their member’s.”

XRP Price Prediction

According to the charts highlighting the action of the XRP/USD pair, the price of XRP will be bullish in the medium-term. Experts hope the price of XRP will rise to $0.45 in the short-term at least. The next resistance points will be $0.45 and $0.50. Considering all parameters and technical indicators the price of XRP is predicted to reach $1 by the end of this year. This means the price of XRP is bullish for the medium-term.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.412388
1.05%

XRP’s growth pattern has been stable throughout 2019 so far. The coin has performed fairly. The lowest point of the price of XRP was on April 25 when the coin reached $0.29. However, it can be seen via the charts that there’s was a huge gain on May 12 when the price of XRP went from $0.31 to $0.46 in only 3 days.

Considering the fact that the price of XRP will be bullish in the medium-term, now is the time to stack up XRP. The current price levels are perfect for new entrants to join the XRP community. Long-term holding will also pave the way for huge profits for the Long-term.

Ripple XRP News Today

Ripple, San Francisco based company with more than 200 clients around the world, doesn’t stop trying to increase digital asset adoption. In April, they signed a partnership with Tata Consultancy Service – Indian Multinational IT service provider. As a result, TCS’s Quartz blockchain solution now works with RippleNet. In addition, earlier this month Ripple became partners with Ria Money Transfers what helped them to increase physical and digital footprint. XRP has also seen integration with WooCommerce, Gmail and Microsoft Outlook.

As we can see, Ripple is quite successful in its mission to expand digital assets and boost their adoption. According to NewsBTC Ripple is doing everything to meet the demands of banks and financial institutions. This is the main goal of its CEO Brad Garlinghouse. In an interview with Recode Decode he mentioned:

The acceptance of Ripple Coin by the official organization such as Siam Commercial Bank could be a great shoot forward for the company. It may also influence positively on the XRP price which is believed to be underestimated. By the end of the year, it is expected to hit $1.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.

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