Ripple’s XRP Price Is Ready to Surge 30% in the Next 2 Months, Analyst Predicts
It is expected that in the next 2 months, XRP price may increase by 30%. Today XRP is trading at $0.19, having lost 1.80% within 24 hours.
XRP news section is specifically tuned to XRP and the ecosystem around Ripple updates. Find out about cross‑border payment use‑cases, developments in Ripple vs. SEC history, partnership news. Learn how XRP fits into the broader token environment. Perfect if you follow XRP closely.
It is expected that in the next 2 months, XRP price may increase by 30%. Today XRP is trading at $0.19, having lost 1.80% within 24 hours.
Ripple’s XRP Ledger is all set to get new improvements and features in the upcoming updates scheduled ahead this week on Wednesday. These features will add additional support to the XRP protocol.
Ripple and XRP are in the spotlight once again after the news that the U.S. Navy is hiring a firm to create implantable microchips that would be compatible with Ripple’s blockchain.
XRP price has risen by around 8% within the last 24 hours. 211 million XRP has been recently transferred between several wallets with some anonymous and others identified to be owned by corporate investors.
Anchorage, Ripple XRP and big money story: per the official announce, custodian will support XRP. They have the XRP Ledgers set up and ready. The support sees light since April 2, 2020.
Ripple CEO Brad Garlinghouse will have to defend his position as a legitimate XRP seller. Per Bradley Sostack, a former XRP investor and the lead plaintiff in the case against Brad, Garlinghouse used unlawful techniques to sell XRP.
Cryptocurrencies are still correcting and volatility is reducing, so we may expect some good movements in the nearest future.
Santander’s Ripple-powered payments solution, which is set to launch in Mexico, will enhance transparency in operations, improve speed in sending and receiving payment.
Bitcoin price was at about $6,500 yesterday, having the steam for a rise from $5,800. The equity markets are under pressure, while cryptocurrency shows strength.
Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded.
In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.
The currency market failed to get over another collapse. In general, there is a great potential in Bitcoin for a rebound upwards and new growth in anticipation of halving.
Friday 13 is at the beginning, but the market already shows the scary new Bitcoin’s bottom of $4,900. BitMEX derivatives exchange is reporting a huge wall of long orders sell-offs.
The crypto market capitalization has fallen below $200 billion due to huge panic sell-off. Ethereum, XRP and other altcoins are losing their value.
Bears continue pushing prices of assets to the downside as they broke the closest support levels again. In the daily chart of Bitcoin, a good level to rebound upwards from is $7335.