XRP sees major correction following break above $0.50
XRP has experienced more difficulties on Monday, including a drop below the $0.46 mark during the opening hours of the session. The coin has managed to stabilise in more recent trading and is currently hovering around the $0.46 level.
XRP’s recent resurgence coincided with the wider crypto currency uptrend, the coin also received a boost from last Monday’s news that Ripple, the company that developed the token and its underlying tech, signed a strategic partnership with major money transfer firm MoneyGram. Under the terms of the agreement, MoneyGram will be able to use Ripple’s cross-border payment solution xRapid, which utilises XRP. Meanwhile, Ripple has made a $30 million investment in the money transfer company, with the option of investing up to $20 million more in the future.
In today’s trading, the XRP price stood at $0.462, as of 15:04 BST. The digital currency has lost 2.2% of its value in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market capitalisation currently stands at $19.6 billion.
Featured image: Stanslavs / Shutterstock.com
More Resources
The post XRP sees major correction following break above $0.50 appeared first on The Independent Republic.
source: https://theindependentrepublic.com/xrp-sees-major-correction-following-break-above-0-50/
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!
Article comments