XRP started to awaken a few days ago, and then performed price moves not seen for months during the bear market. XRP has been gathering strength for a while, after being pressured for months after the realization that the asset may not be necessary to running interbank transactions.
XRP grew overnight by more than 40% to reach $0.45 as of 6:30 UTC. The rapid climb started around noon on September 20, from levels of around $0.30. The past week saw XRP perform several jumps to a higher price range, first above $0.30, then to the current range, with $0.50 in sight.
!Ripple!
The Brad Garlinghouse Effect: A few optimistic tweets by Brad Garlinghouse pointed out that Ripple is a highly active project, with several solutions to be unrolled and tested in the coming months. Garlinghouse praised the Coil technology, allowing the usage of XRP as a social media coin.
https://twitter.com/bgarlinghouse/status/1042953734114791424
Garlinghouse can’t seem to contain his enthusiasm for the recent climb in prices, pointing out that XRP is once again entering an upward spiral, similar to the bull market in 2017 and 2018.
Partnership News: The news of a partnership with the US-based PNC Bank was, this time, accepted with enthusiasm by the markets. Ripple has announced partnerships with multiple banks in the past, initially creating expectations that banks would use the XRP asset. The partnership with Ripple is described as having the potential to foster easier interbank transactions:
“With more than 8 million customers and retail branches in 19 states, PNC has a diverse set of customers, including consumers, small businesses and large corporates. Ripple’s technology will...
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