Ripple News Today – Top Headline for Ripple XRP December 5th, 2019

  • MoneyGram now supports Visa Direct to run Swift Cross-border transactions 
  • Ripple Price Analysis and Prediction – XRP/USD

Ripple’s partner MoneyGram becomes the first company in the industry to support Visa Direct-powered international payments from the U.S. Money transfer giant MoneyGram recently announced its partnership with Visa that permits the company to use Visa Direct for running swift cross-border money transfers. Visa Direct is a real-time payment service that allows its users to send money directly to one’s bank account with the aid of push payment technology. It runs several prominent payment apps like Square and Venmo. Also, almost half of all payments made by users of Uber and Lift are done via Visa Direct.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.230
2.89%

In the statement released by the MoneyGram, it stated that with the partnership, U.S residents can now transfer funds via Visa Direct. Currently, the company’s customers can make cross-border payments to the Philippines and Spain. Though more countries are expected to be added in the future.

The official statement from MoneyGram by the CEO Alex Holmes went thus: “This is an exciting time for us as our business transformation continues to move at a rapid pace as we seek to accelerate digital growth and deliver a streamlined customer experience.”

Ripple now controls a 15% stake in MoneyGram after completing its $50 million investment. The partnership between Ripple and MoneyGram could help MoneyGram find a route to profitability by yielding into blockchain disorder. Going by the company’s Q3 earnings report, MoneyGram reported a $7 million loss. MoneyGram is expected to use Ripple’s On-Demand Liquidity (ODL) in Europe and Australia after a successful start in Mexico.

XRP Price Analysis and Prediction – XRP/USD

Ripple’s XRP price could revisit the $0.2200 resistance level, as the price began a strong surge above $0.2200 resistance level against the U.S dollars. Also, XRP price has rallied above the $0.2220 resistance and the 100 hourly simple moving average. Although the $0.2265 and $0.2270 levels served as a strong barrier.

A swing high was established close to $0.2277 and the price started surging. It also traded below the $0.2180 level and the 100 hourly simple moving average. Also, the price has broken the 50% Fib retracement level of the recent rally from the $0.2097 low to $0.2277 high. It is quite obvious that Ripple’s XRP price has made a failed attempt to begin a strong recovery above the $0.2220 and $0.2265 levels. Currently, it is now trading below the 76.4% Fib retracement level of the recent rally from the $0.2097 low to $0.2277 high.

XRP Price Prediction – Ripple Price Prediction

It is safe to say the price is at risk of a downside break below the $0.2100 support area in the near term. Any further losses could shove ripple in a severe downtrend towards $0.1900 or maybe $0.1850. On the upside, there are several resistances near the $0.2150 and $0.2180 levels.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.