One of Ripple most notable and projected trends was the reasonable growth of the XRP token each time a new partnership was announced. After news of cooperation with three of the world's five largest money transfer providers, analysts have previously begun to forecast $ 10 by the end of the year, but some believe that this threshold can be easily overcome.
The grounds for optimism are primarily related to the possible implementation of Google Pay. Ripple already boasts partnerships with companies in leading emerging markets: Brazil, India and China. By signing a partnership agreement with one of the largest technology companies in the world, Ripple will continue to announce itself in other areas, such as adapting to Android smartphones, which are still more common than Apple devices.
Ripple technology is currently being implemented by many of the largest financial institutions in the world. The creators play a long game in the market, and the focus on Google is quite understandable. If Ripple becomes part of Google Pay, in addition to partnering with MoneyGram, Western Union and large banks, the Ripple network can be seen as the foundation of global finance. What will be the result? A huge jump in the cost of XRP.
Experts predict that the Crypto-currency can reach a maximum of about $ 600, if speculation about partnership with Google will be true. Google spent most of the decade implementing it in emerging markets, where Ripple also concentrates, and partnerships between companies can be an excellent opportunity for a technology giant to optimize its financial services. Even if the XRP token does not reach such cosmic heights, it will still be able to make impressive profits to investors by the end of the year.
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XRP is kinda stuck in a sideways channel between $0.82 and $0.99. Ugh. With a volume being so low I expect this trend to continue. You can of course play the channel for small profits. Ripple will only break out once it breaks $1.20.
Hope you're right because I'm holding on to a few ... moon shot this year!
I like this. Followed you