MoneyGram Rumours Boost The XRP Price But Price Correction Draw Back The Price Of Ripple Coin

According to the XRP news of FXStreet, a popular trader with the name Hawk said that Ripple has made a major move by purchasing MoneyGram. In the traders words;

“Seems like it’s out! #Ripple acquired MoneyGram leading to a huge access / deal with Walmart! More to come believe me.”

Even if the information hasn’t been confirmed by either Ripple or MoneyGram, it has sparked up a lot of conversations in the market and has also led to a surge in the price of XRP. There is a high possibility that Ripple has acquired MoneyGram because last year, rumor had it that Ripple and MoneyGram came together to work on an XRP payments protocol that would be used by MoneyGram. Ripple was also said to be using MoneyGram’s technology for xVia.

Everyone in the XRP community is waiting and hoping that Ripple will confirm the news about the acquisition of MoneyGram. If this happens and the acquisition allows Ripple to create new use cases for XRP, the cryptocurrency will become unstoppable. It may be just what XRP needs to dominate the cross-border remittance sector.

XRP Price Prediction 2019

ripple xrp price analysis

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.292
1.72%

After the MoneyGram rumors, the price of the XRP spiked to $0.45 around but it came down to $0.40 later. There are several XRP price predictions out there. Some place the price of XRP between $10 and $20 before the end of the year while others say that XRP will only be able to hit $1 by the end of the year. One of the most popular is the XRP 589 price predictions. Now, with such solid partnerships being achieved by Ripple in its global adoption program, this XRP 589 prediction is more possible than it was in the beginning of the year.

XRP Price Analysis

From previous XRP/USD trade plans, the coin is in an uptrend. XRP is trading within a bullish breakout pattern after clearing 34 cents, testing 50 cents and correcting back to 35 cents in a retest. Because of this, there is an opportunity for aggressive traders to buy the dips while targeting May high of 50 cents according to the newsbtc.

On the other hand, conservative traders can wait for clear-cut opportunities. That will either print out if prices rally above 50 cents or drop below 30 and 34 cents as bulls crash out. Any breakout above 50 cents with an uptick of trading volumes could see XRP expand to 80 cents.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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