Ripple News Today – If you’ve been paying attention, you’ll know that XRP has had a lot going on over the last few days. In our XRP news last week, we noted that Ripple purchased a 10% stake in MoneyGram worth up to $50 million. The Silicon Valley tech company paid $30 million upfront leaving MoneyGram with the option of collecting another $20 million later. While this Ripple news was still making headlines, another Silicon Valley tech company, Facebook, launched a white paper for its cryptocurrency, Libra. This stamp of endorsement in the cryptocurrency space led to a surge in the price of Bitcoin, ETH and of course XRP among other cryptocurrencies. This is just the beginning, XRP is going to test $0.80 soon and MoneyGram, xRapid and XRP will be in the center.
Ripple News Today – XRP News Today – Will XRP Test $0.80 Anytime Soon?
Since inception, Ripple has had one primary goal, to take over the cross-border remittance sector by providing banks with advanced technology that is faster, cheaper and more efficient than the traditional tech. The CEO of the company, Brad Garlinghouse, hasn’t held back from making this goal known. Apart from the XRP token which was created by Ripple to be the perfect medium of exchange, xRapid, xCurrent and xVia are other products by Ripple that will bring the company closer to its goal of ruling the financial services sector. However, the key product here is xRapid, a payment settlement system that users XRP as liquidity.
According to an analyst on Crypto Briefing, this xRapid is going to be the game changer for Ripple along with Facebook’s Libra and the deal with MoneyGram. You see the Facebook Libra token is going to be accessible to more than 1.7 billion people on Facebook along with the billions of WhatsApp users across the globe. This cryptocurrency threatens the existence of banks and other centralized financial institutions. While many people believed that this cryptocurrency is going to be a threat to Ripple, Garlinghouse is convinced that it is going to be a good thing for Ripple and XRP.
He said that the Facebook Libra is a wake up call for banks. Because they do not want to lose their power to Zuckerberg, they will be forced to look for innovate solutions. In this case, Ripple stands to benefit the most. Apart from this, the fact that Facebook decided to invest in cryptocurrencies shows that the tech giant is bullish on cryptocurrencies and the underlying blockchain technology. This was one of the major reasons why there was a sudden rapid surge in the price of Bitcoin.
XRP (XRP) Price Today – XRP / USD
Let’s not forget that Ripple has gotten a handful of institutions to use xRapid. MoneyGram is one of the most popular cross-border payment settlement firms in the world. By partnering with MoneyGram, Ripple is taking advantage of the platform to showcase the benefits of xRapid to the world. It’s only a matter of time until other global remittance firms start using xRapid.
XRP News Today – xRapid News Today – Ripple News Today – Current Price Of XRP
At the time of writing, the price of XRP was $0.462709. This means that it is down by 2.56% against the USD and down by 5.10% against the BTC. The trading volume over a 24 hour period is $1,861,088,198 and the market capitalization is $19,666,048,235. XRP reaching $0.80 is going to require a major push from the bulls but it’s not impossible.
What do you think about the XRP price prediction 2019 in our Ripple news today? Will the price of XRP Test $0.80 near-term? Share your thoughts in the comment section below.