Ripple News Today – RippleNet Gets 350 Financial Institutions But XRP is Opening Down Two Days in a Roll – June 9th, 2020

XRP
  • Ripple’s Payment Network Has Signed Up 50 New Partners in the Last 7 Months
  • Ripple XRP Opens Down for the Second Day in a Roll But It Still Can’t Move Above the $0.2000 Level

Ripple News Today – RippleNet is made up of financial institutions that use Ripple’s technology. Ever since the network was created, it has signed up more than 350 firms that offer financial services. These institutions are in different parts of the globe and more companies will keep joining as time passes. During an interview with Nishith Desai Associates, Navin Gupta had something to say about Ripple. The financial executive said that RippleNet has sealed deals with 50 new partners since November last year.

Ripple News Today – 350 Members and Counting are Using RippleNet

Navin Gupta said that Ripple is still working on its expansion plans even if over 350 have already joined the RippleNet network. In his words; “We are one of the largest blockchain companies in the world, which is in production. We have around 350 financial institutions who use our technology every day.”

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$1.13-1.26%

Ripple has always made its plans to become the top player in the financial services sector known. Over the years, SWIFT has taken the lead as the provider of financial services to banks and other financial institutions across the globe. In December last year, Ripple revealed its expansion plans to Rival SWIFT. Garlinghouse said that they intend to increase the customer base by 30 to 40% before the end of 2020. Ripple is offering the world the kind of service that can be compared to what the creation of emails did to the global postal service. Garlinghouse wants to move money the same way information moves on the Internet today.

Ripple Price Prediction – Ripple Opens Below Trading Lower for the Second Day in a Roll

In other news, the price of the XRP token is still not reflecting the progress Ripple has made so far. Rather than a surge in price due to Ripple’s progress, XRP has been substituting between lower lows and stability safe for few upward surges. At the time this piece was writing, the token was trading at $0.202825. This means it is down by 0.04% against the USD and down by 0.32% against Bitcoin BTC. The trading volume over a 24 hour period is $1,057,484,460 and the market capitalization is $8,947,179,390.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

Yesterday, the XRP token was down by 2.81% at the beginning of trading. Today, XRP opened down by 1.7%. However, the token is up by 19% within the last 7 days. XRP must move above the $0.2100 level if the bulls are to record any significant progress near-term.

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