Will Ripple’s Partnership with PTTEP Send XRP Price Back in the Bullish Zone?

Ripple Inc. and XRP (XRP) are two independent entities according to Ripple. However, every action Ripple takes significantly and directly affects the price of XRP. XRP is one of the most active crypto projects in the blockchain space. Ripple Inc. has been working tirelessly to increase in the adoption and relevance of the digital currency in the crypto space. XRP USD live price is currently in the red, but the digital currency has had a pretty great month. Also, XRP price prediction 2019 is bullish, and the price of XRP is waiting for the next bulls to ride on.

XRP (XRP) Price Today – XRP / USD

Name Price
ripple
XRP
$0.316-3.74%

Ripple has secured a lot of partnerships over the past year. A lot of firms and institutions are now associating themselves with the San Francisco-based startup. Ripple aims to revolutionize the payment industry with its products. The startup has several cross-border payment protocols. The most recent product of the firm is xRapid. Ripple launched xRapid last year, and the announcement of xRapid significantly boosted the price of XRP.

Ripple Partners with the Largest Petroleum Company in Thailand – Will XRP USD Live Price Increase Further?

According to reports, PTTEP is entering into a strategic partnership with Ripple Inc. PTTEP (PTT Exploration and Production) is the largest petroleum firm in Thailand. The firm is partnering with Ripple to use the payment protocol of Ripple in international remitting. According to the announcement on the official site of PTTEP, Siam Commercial Bank and PTTEP are working together to heighten their international transactions for PTTEP. Siam Commercial Bank (SCB) has already deployed the international payment system of Ripple. Siam recently announced that it will soon be completing the integration of xCurrent – one of the products of Ripple.

Big companies that want to stay at the top of their games and stand out in their various industries are using the blockchain technology of Ripple. This is exactly what PTTEP aims to achieve with its collaboration with Ripple. Ripple and Siam will work together to facilitate the payments of PTTEP to its customers all over Southeast Asia. Will this partnership result in an increase in XRP price? What is the short-term XRP price prediction 2019? Will XRP recover?

XRP Price Analysis – XRP Price Prediction 2019 – XRP Price Forecast – XRP USD Live Price

The price trend in the crypto market yesterday was not really favorable. The price of XRP plunged below the 33 cents support level against the US dollar. XRP USD price plunged lower and broke the $0.3250 and $0.3220 support level. There was also a break below the 32 cents level and the 100-hourly simple moving average. The price of XRP later surged over the 32 cents level but failed to break over the 50 percent Fibonacci retracement level of the previous swing from the high of $0.3288 to the low of $0.3175.

This resulted in a sharp decline in the price of XRP. XRP USD price plunged below the 31 cents and 30 cents support levels. The price of XRP dipped further and traded close to the 29 cents level. At the moment, the 29 cents level is acting as support for the coin. XRP USD live price today is $0.2995. On the upside, XRP price is facing resistance at the 31 cents level. A break over the 31 cents level might pave the way for more gains towards the 32 and 34 cents level.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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