Is Ripple Facing a Bullish Trend Breakout? The Currency Under The Magnifying Glass
Ripple reached a one-month all-time high yesterday with the price rising to € 0.23 in just a few hours and then positioning itself along the resistance of € 0.20. The reason for this is the growth in the ripple network. It was possible to gain another reputable bank as a partner for future cooperation.
(11/16/2017) Ripple announced American Express enters the Ripple Net. The aim of the partnership is to optimize and improve cross-border payments between the United States and Great Britain. Business customers of the American Express and Santanderbank are to benefit in particular from this. More will follow this, according to Ripple in the near future.
By leveraging the power of RippleNet, FXIP customers (American Express users) see an immediate improvement in their global money transfers.
Compared to the traditional payment process, Ripple's blockchain-enabled payments make it easy to connect to intermediaries and provide immediate visibility into transaction status and costs.
Thus, Ripple could inspire another notable size of the financial sector for itself and the use of the ripple for payment transactions. The list of strong partners is already long: The Axis Bank, Crédit Agricole, Westpac, UBS, Santander and other heavyweights can be found in the ranks again.
Many investors are waiting and hoping for a rise or strengthening of the cryptocurrency. Ripple is often represented in the public media, but various recent developments (such as the Ripple-Swell conference) have not resulted in significant price effects on the ripple price.
The price increase of almost 21 percentage points was a logical consequence of yesterday's news and let the course jump up quickly. Thereafter, Ripple positioned just below the 20 cent resistance mark.
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It is becoming more interesting. Thank you for the great post. Was very informative :)
My pleasure!
Thanks for your thoughts and insight
My pleasure!
very informative post..u give good information about cryptocurrencies ...thanks
My pleasure!
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Thank you!
Don't mention it dude !
good work @tradewonk
thank you for sharing
As Ripple is part of the
banking system/ how banks transfer money to each otherit is something I am not interested in! Thanks anyway!This post has received a 1.61 % upvote from @buildawhale thanks to: @tradewonk. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
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