Ripple recently entered a strategic partnership with PPTEP according to the XRP news on smartereum.com. This partnership with PTT exploration and Production, a petroleum exploration company based in Thailand, is going to be a game changer for Ripple and XRP. The partnership is going to boost the XRP prediction 2019 because Ripple is going to provide the oil company its remittance service in collaboration with Siam bank. This Ripple news will allow XRP investors to see how efficient Ripple’s platform is across the industries. The partnership is going to influence the XRP price prediction 2019 and has already helped to support the price of XRP.
XRP Prediction 2019 – XRP News – Ripple News – What The Future Holds For XRP Following This Announcement
It is important to note that Ripple is securing partnership at an impressive rate this year. RippleNet has welcomed more than 13 clients between the beginning of the year and now. More partners are going to join the umbrella soon. Considering the fact that xRapid is just a few months old, the milestone it has crossed and the publicity it has gotten are impressive. xRapid has many advantages over other traditional cross-border payment methods because it is faster, cheaper and more efficient. xRapid uses the rails which were put in place by xCurrent. However, unlike xCurrent, xRapid requires XRP to work.
The payment settlement time for xRapid is about 4 seconds and it is going to reduce by one second after Cobalt. In another XRP news, the XRPL laps at Wietse Wind is working on creating more use cases for XRP to improve adoption. They are being funded by Ripple’s Xpring. One of the projects they are working on is for blockchain interoperability and micropayments in collaboration with Coil. There are so many use cases of XRP that make it one of the cryptocurrencies with the greatest potential. In time, the XRP price prediction will be impacted by these partnerships and many more to come.
XRP Price Prediction 2019 – XRP News Today – Current Price Of XRP
At the time of writing, the price of XRP was $0.297833. This means that it is up by 0.03% against the USD and down by 0.46% against the price of BTC. It has lost the support at $0.30 and is currently struggling to regain it. The trading volume over a 24 hour period is $729,886,707 and the market capitalization is $12,510,457,432. Over the last seven days, the price of XRP is down by more than 10%.
XRP (XRP) Price Today – XRP / USD
The XRP price analysis on NewsBtc encourages traders to remain positive as there is still hope for a recovery in May. However, they have been advised not to start buying until the price of XRP gets as high as $0.34. Crossing the $0.34 level will show that the bulls are taking control of the market and a more sustainable price correction is on the way. Right now, the entire market is struggling to recover from the losses it suffered right after news broke about Bitfinex being under investigation for fraudulent practices along with Tether, the company behind the first and most popular stable coin, USDT.
What do you think about the XRP prediction 2019 in the XRP news today? Will the Ripple partnerships have a positive impact on the XRP price prediction 2019? Share your thoughts in the comment section.