At the end of May, Ripple’s digital asset witnessed a brief correction, but the price is on an upward trend again. It seems to be recovering, and at the moment, XRP is trading in the green on CoinMarketCap, and it’s priced above $0.45.
Global partnerships, an essential trigger for the price surge
Smartereum’s latest predictions claim that XRP will be seeing more gains this month, and the main catalyst will reportedly be Ripple’s partnerships.
According to Smartereum, XRP is currently building its momentum, and there will definitely be more surge in price in June due to various partnerships.
The San Francisco-based firm has been adding more clients to its network in order to boost the adoption of its products.
The new partnerships that Ripple will be adding will also be a trigger for XRP’s price boost, according to the same online publication.
They also say that Ripple’s goal is to gain more global partnerships that will make XRP even more popular than BTC.
“When Ripple reaches mass adoption, the XRP token will become the most sort after cryptocurrency in the world,” Smaretreum writes.
XRP payments to reach stores
Amidst these bullish predictions regarding the price of Ripple’s digital asset, there’s another good news.
SBI is working at the moment to create in-store XRP payments, and the company plans to do this with the help of its remittance app, MoneyTap.
XRP still has to mirror the achievements of Ripple, and the latest predictions about the coin’s price are bullish.
Smartereum reported that according to Weiss Ratings, “the price of XRP signaled a breakout on May 14. This, in their view, could mean the major digital asset will have enough momentum, which will see it mount a serious price push if it can succeed in breaking the $0.48 position.”
Anyway, now it’s probably the best time to invest in Ripple’s coin before the coin surges more.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.