Though other digital currencies are rallying to new record highs, XRP price has been in a two-month consolidation since the March high of $0.7430.
Positive sentiment and impressive market behaviour, along with the latest positive reports from Ripple, have led to expectations that the XRP price is set almost for a bullish run.
Clear Junction Partnership Fuels Ripple’s Growth
Ripple has recently revealed it has partnered with Clear Junction, a premier global payment service provider for institutions operating in the regulated market.
The partnership aims at enabling the creation of “instant and secure” GBP and EUR payment options for clients, as Ripple’s plans for the future entail expanding the list of supported currencies and enriching the offered services.
Clear Junction is the UK-based e-money institution authorized by the FCA; it offers operational services and reporting to its partners to offer a safe ecosystem.
“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”.
The company strives to protect funds and data by employing the most advanced payment security solutions, such as being ISO 27001 compliant and certified, which is the highest level of standard in the entire world.
Dima Kats, the Founder and the CEO of Clear Junction, noted the significance of this partnership, saying that blockchain and cryptocurrencies will shape the future of correspondent banking.
“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”.
Ripple Price Prediction: Is this coin headed towards $300? Exploring Potential Price Growth
As we speak, Ripple is trading at $0.5269, it is in the middle of a long-term consolidation and may remain volatile in the $0. 4780 to $0. 5441 range.
However, there is no clear trigger for the next growth impulse, but it is possible to return to the January high of $3. The other one shows 40 lights on the horizon.
Crypto expert & trader ‘Jack The Rippler identifies that a bullish triangle pattern is forming in the daily XRP chart, as shown in the following image.
If the pattern proceeds beyond $0.600 and the analyst’s forecast of the bull run comes true; Ripple may climb up to $331 with a massive 63,000% increase in its price.
But the probability of this situation still remains elusive, especially in regard to the time necessary for Ripple to surpass the upper resistance levels currently set at $0. 5414 and $0. 5574, still undetermined.
