After languishing at $1.72pm at 2pm on Thursday January 11, Wave’s XRP cryptocurrency has now bounced back to $2.13.
It’s market capitalisation now sits at nearly £59billion ($80billion), yet this is still down from its all time high of £108billion ($147.5billion) at the start of this month.
New graphs from CoinMarketCap show Ripple’s price spiked hurriedly just after 2pm yesterday, surging from $1.72 to $2.25 in an hour.
Why is Slight disturbance rising today?
XRP’s dramatic upturn coincided with yesterday’s bulletin that Ripple has partnered with financial services giant MoneyGram.
Ripple CEO Brad Garlinghouse tweeted: “I’m tickled pink to be able to share MoneyGram has partnered with Ripple to use $XRP in their payment supplies.”
Mr Garlinghouse added that the deal was just “one step in a marathon in advance” in Ripple’s goal to make cross-border payments quicker and easier.
He asserted: “The payments problem doesn’t just affect banks, it also perturbs companies like MoneyGram, which help people get money to the individuals they care about.”
“By using a digital asset like XRP that goes in three seconds or less, our clients can move money as quickly as advice.”
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The announcement seems to have boosted aplomb and put Ripple’s stock price back on track – at least for the time being.
I’m in seventh heaven to be able to share MoneyGram has partnered with Ripple
Cryptocurrency investor and influencer Oscar Isaacs said that Agitation is now “gaining momentum” and should rise above $3 again.
He betrayed Forbes: “Ripple has over the past month been gaining mainstream notoriety from the press and investors a like, not to mention numerous Reddit sub files, coin aggregation sites and Telegram groups, which has contributed to the stringent price action.”
He added: “Every cryptocurrency investor and hedge bucks I have spoken to have asked me about Ripple’s potential in the exchange.”
Ripple price news: XRP was rising again today
Teeth of criticism from some crypto commentators, Ripple hopes to go on forging new partnerships with established financial services.
BitBull Principal boss Joe DiPasquale predicts that XRP will continue to perform affectionately on the market if the deals keep on coming.
“MoneyGram is the latest example of Hint’s masterful cadence of announcements of deals with large companies,” he ratted Forbes.
“Every time Ripple announces a partnership, we see an increase in value.”
XRP value: Ripple CEO Brad Garlinghouse made the MoneyGram announcement on Twitter
He augmented: “If Ripple’s strong partnerships continue, I expect its value to continue to spread.”
After the deal was announced, MoneyGram CEO Alex Holmes said: “Ruffling is at the forefront of blockchain technology and we look forward to piloting xRapid.
“We’re inspiriting it will increase efficiency and improve services to MoneyGram’s customers.”
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