XRP Price Set For Colossal 63,000% Breakout As Ripple Secures Crucial Partnership In Europe

Share This Post

In a market witnessing a strong bullish momentum with several cryptos reaching new all-time highs and experiencing price recoveries, the XRP price has remained in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430. 

However, recent positive developments and announcements surrounding Ripple, the blockchain payment company associated with XRP, coupled with an intriguing bullish pattern, have sparked speculation of a potential massive uptrend for the XRP price.

Ripple Expands With Clear Junction Partnership

Ripple recently revealed its partnership with Clear Junction, a global provider of cross-border payment solutions for regulated institutions. 

According to the announcement, the new collaboration aims to enable Clear Junction to facilitate “instant and secure” GBP and EUR-denominated payout coverage for Ripple’s payments customers. Moreover, Ripple plans to introduce support for additional currencies later this year, further expanding its network of offerings.

Cassie Craddock, Managing Director, Europe at Ripple, expressed satisfaction with the partnership, stating the following: 

Clear Junction is a great fit for Ripple. Right from the beginning, it has been able to support all of our use cases, including providing GBP and EUR payout coverage for our clients sending payments into the UK and European Union. 

Clear Junction, an FCA-authorized e-money institution in the UK, offers operational support and reports to provide a secure environment for partners.

The goal is to ensure the safety and protection of funds through necessary payment industry and data security safeguards. The company has earned ISO 27001 certification, the highest global data security standard.

Dima Kats, Founder and CEO at Clear Junction, emphasized the significance of the partnership, stating that blockchain technology and cryptocurrencies will be at the core of the evolution of correspondent banking. Kats further states:

We are happy to partner with Ripple to be a part of this process. This collaboration exemplifies two institutions coming together to enhance their respective products and services. We look forward to working closely with the Ripple team and exploring more avenues for future growth.

XRP Price To $300?

Presently trading at $0.5269, XRP is experiencing a prolonged consolidation phase between the price range of $0.4780 and $0.5441. 

Despite lacking significant catalysts to propel the token to previous highs, the possibility of retesting its all-time high of $3.40 in January 2018 is on the horizon.

A crypto analyst known as “Jack The Rippler” has identified a bullish triangle pattern emerging in the daily XRP price chart, as seen in the image below.

XRP Price

 

Should the pattern fully break out above the $0.600 mark and the anticipated bullish uptrend materialize, as indicated by the analyst, the projected 63,000% surge would skyrocket the XRP price to approximately $331.

Nevertheless, the realization of this scenario remains uncertain, and the timeframe required for XRP to overcome its upper resistance levels is yet to be determined. The upper resistance levels currently stand at $0.5414 and $0.5574 in the near term.

XRP Price

Featured image from DALL-E, chart from TradingView.com

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogecoin Can Still Go Parabolic If This Support Holds, Analyst Says

An analyst has explained how Dogecoin could still have a chance at a parabolic run if the support level of this pattern ends up holding Dogecoin Is Retesting The Lower Bound Of An Ascending Channel

Why Crypto Market Is Going Up Today? Top Factors Driving Prices Higher

The post Why Crypto Market Is Going Up Today Top Factors Driving Prices Higher appeared first on Coinpedia Fintech News The total crypto market cap surged by over 12 percent in the past 24 hours to

US Extradites Russia-Israel Citizen Linked to Lockbit Attacks

A Lockbit ransomware developer has been extradited to the US, admitting to coding and consulting for the cybercriminal group, which paid him in cryptocurrency Lockbit Ransomware Developer Extradited

XRP Price Set to Skyrocket? SEC’s Latest Move Explained!

The post XRP Price Set to Skyrocket SEC’s Latest Move Explained! appeared first on Coinpedia Fintech News After years of legal challenges under Biden’s administration, Ripple Labs can finally

Solana Forms Classic Cup-And-Handle Pattern – Analyst Predicts A Breakout To $3,800

Solana (SOL) is facing significant selling pressure and struggling to hold key support levels as the entire crypto market remains under stress Bulls have lost control, with SOL plunging over 37%

Crypto News: Goldman Sachs Acknowledges Crypto in Annual Letter for First Time

The post Crypto News: Goldman Sachs Acknowledges Crypto in Annual Letter for First Time appeared first on Coinpedia Fintech News Goldman Sachs, the world’s second-largest investment bank, has