Ripple fell all the way down from a great price point of $4.5. Experts have divided opinions whether the price will get back on its feet or would it be impossible for it to come back.
Those who think that ripple will jump right back believe that not only will it come back but also it will reach new highs as well. This is why ripple is considered to still be a great investment opportunity. There is a lot of room for improvement though. Ripple is growing its user base constantly and consistently and it’s not only gaining new single users but also is growing its bank user base around the world. Financial institutions around the world are very keen on the Ripple protocol in order to transfer money across the world. Ripple is still however pretty undervalued. If it continues to grow and add new users to its base, ripple will likely increase in market cap and value as well.
This is why some experts believe that Ripple can end the year around the $5 mark and it is considered to be 10 times increase from where it is today. Ripple is considered to be the investment option for this year in particular.
As far as price predictions are concerned, if Ripple stays true to its promises on scalability, low transaction costs and speed we can sure expect the price to rise. However, it is very unlikely that a very extreme, sudden jump in price will be healthy for this cryptocurrency but keeping a steady course and slowly development will bring the desired results.
MoneyGram And Ripple Extend Their Partnership With $11.3 Million
"MoneyGram continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities."Nothing in the SEC filings state what Ripple's investment will be used for. Still, MoneyGram's agreement with Ripple has previously allowed it to use XRP and its blockchain product named ODL (On-Demand Liquidity) to facilitate cross-border payments.
"[MoneyGram] is compensated by Ripple for developing and bringing liquidity to foreign exchange markets, facilitated by Ripple's blockchain, and providing a reliable level of foreign exchange trading activity. The Company expects that this partnership, at scale, will reduce our working capital needs and generate additional earnings and cash flows."MoneyGram and Ripple already were in a financial tie. The two firms announced their partnership back in January 2018 when MoneyGram decided to integrate XRP into its payment system. In June 2019, we saw that the two firms entered into a partnership to collaborate on cross-border payments and foreign exchange settlements with digital assets. The blockchain news then showed that Ripple followed through with a $50 million investment, completed in November. Despite the close working relationship, not all money transfer methods are being handled by Ripple. Reports recently showed that MoneyGram unveiled FastSend, a service which allows for real-time money sending based on Visa. While Ripple is doing good by expanding its partnerships and actively improving its blockchain, the token is falling down just like many other altcoins. Right now, the Ripple news and XRP updates show that the coin is in a 8.33% decline, going to new levels at $0.2438 in the wake of a major selloff which occurred on the markets overnight. The total cryptocurrency market today is at $261 billion.
XRP Traders Turn Bullish, Price Could Reach $0.46: Analysis
“#Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with #crypto. We don't need bankers to get involved in the crypto. Maybe he and his company do, but the space doesn't. Crypto doesn't need banks, because crypto will replace them.”Brad Garlinghouse was in an interview when he commented that there are too many crypto assets out there. There are about 3,000 different digital assets that are trading on a daily basis.
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