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Following the announcement, among other fundamental factors, Ripple-backed XRP spiked over 20 percent in the last 24 hours to trade around $0.46.
Ripple Labs, a real-time remittance and gross settlement company, has announced a new two-year partnership with Great Ormond Street Hospital Children’s Charity (GOSH Charity). According to the announcement conveyed by Sendi Young, Ripple’s Managing Director of Europe, the funds donated by Ripple will oversee cancer care at Great Ormond Street Hospital (GOSH). Following the partnership, GOSH Charity will become Ripple’s primary nonprofit partner in the United Kingdom.
Ripple and GOSH Charity
“We’re thrilled to announce our new partnership with GOSH Charity, who raise funds for GOSH, one of the world’s leading children’s hospitals. We can’t wait to support the vital work they do. At Ripple, we believe in the power of blockchain technology to create positive change, and this partnership is a great example of how we can use our resources to make a real difference to children at GOSH and their families,” said Sendi Young, Managing Director, Europe at Ripple.
Reportedly, the partnership between Ripple and GOSH Charity will launch to coincide with the 2023 TCS London Marathon, for which GOSH Charity is the official Charity of the Year. As such, GOSH Charity and Ripple will support about 1,000 GOSH runners raising millions to help beat childhood cancer. Notably, the 2023 TCS London Marathon will occur on Sunday, 23 April 2023.
Ripple will sponsor GOSH Charity’s rest and recovery room at their post-race reception after running about 26.2 miles.
“We are delighted to establish this new partnership with Ripple. The money raised will support cancer care at GOSH, helping children with rare and difficult-to-treat cancers. With some transformational projects on the horizon, the partnership will have a huge impact on the lives of seriously ill children in the UK and beyond,” added Sarah Bissell, Deputy Director of Relationship Fundraising GOSH Charity.
Ripple and the XRP Market Outlook
Following the announcement, among other fundamental factors, Ripple-backed XRP spiked over 20 percent in the last 24 hours to trade around $0.46. In the top ten digital assets by market capitalization, XRP price gained the most in the last 24 hours, closely followed by Cardano (ADA), which gained approximately 10 percent in the same period.
The spike in XRP has sparked the community to speculate on upcoming major news, which probably increased the ODL demand. Notably, XRP is mostly used by institutional investors, including financial institutions tapping on Ripplenet and ODL services. With the blockchain payment company taking pride in over 40 payout markets in ODL, the XRP market has a definitive demand.
You think $XRP pumps like this for no reason?
Insiders always front run news. The only question is what is the news?
— Ben Armstrong (@Bitboy_Crypto) March 22, 2023
According to popular crypto commentator Ben Armstrong, creator of BitBoy Crypto, XRP price never spikes that much without reason. As such, Armstrong indicated that there is insider news running and not yet released to the public.