Ripple News Today – Ripple Partner Terrapay Gets Acquired by a Group of Investors, March 7th, 2020

Ripple XRP Price Prediction
  • Ripple Partner in India – Yes Bank, going through bank crisis
  • XRP Price Analysis – XRP Price likely to retest the $0.27 

XRP News Now – One of Ripple partners TerraPay a San Francisco-based global investment firm recently got acquired by some investors. TerraPay is an investment firm that enables swift and affordable transaction via Ripple tech for those in emerging countries. Ripple Executives – it was undisclosed how much TerraPay was procured. XRP 2020 – According to the official statement for the investment firm, it was declared that it raised about $9.6 million from the same investors and IFC, aimed towards the development of the company.

Ripple Partner in India – Yes Bank, going through bank crisis

Ripple Executives – Ripple partner in India, the prominent Yes Banks appears to be going through rough patches regardless of Reserve Bank of India’s involvement to support the bank. XRP News Now – it was recently gathered that RBI enforced a Rs 50,000 withdrawal limit on customers of YES Bank until April 3, 2020. XRP 2020 – The limitation allows customers to withdraw not more than Rs 50,000 from any account type with the stipulated period.

XRP Price Prediction 2020 – Ripple XRP Price Forecast 2020

XRP News Now – This restriction was enforced to help the bank recover from the crisis it is facing currently. XRP 2020 – The restriction rule also applies to people with several accounts, though RBI created a relief plan for an emergency. Ripple Executives – commenting gon this is the governor of the reserve bank, Shaktikanta Das, he went thus

“30 days which we have given is the outer limit. You will see very swift action from RBI,” told reporters after ASSOCHAM’s 15th annual banking summit. The decision is taken at a larger level, not at the individual entity level, the move is aimed at ensuring the safety of the financial system,

XRP Price Analysis – XRP Price likely to retest the $0.27

XRP Price Prediction 2020 – Commenting on the price movement of Ripple’s native token XRP, prominent crypto trader Michael Van De Poppe projected that XRP is on the verge of another major move that could make the coin retest the $0.27 level. XRP Prediction – XRP is currently at $0.24 after the bulls tried to break out after a slight recovery.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$1.32
0.950%

XRP Price Prediction 2020 – The XRP/USD pair declined from $0.245 to $0.244, this was after a bullish Friday where XRP price surged from $0.239 to $0.245. XRP 2020 – XRP price is currently moving beneath the SMA 20, 50 and SMA 200 curves and the 20-day Bollinger jas has lessened significantly. XRP Prediction – the current price trend of the token is indicating a declining market instability. The MACD shows a declining bearish momentum, while the Elliot Oscillator has had three consistent bullish sessions.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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