XRP Price Jumps After Major Development
The digital asset XRP has been on a roll lately, and we can see that the rally appears to be related to one specific development. The price of XRP has jumped nearly double in the last 24 hours, and it’s largely due to the announcement of a series of major partnerships with financial institutions around the world.
The news comes hot on the heels of an announcement that Ripple, the company behind XRP, signed several new partnerships with banking institutions. This includes banks such as Banco Santander, Standard Chartered Bank, Mizuho Financial Group and more. These institutions are all leveraging Ripple’s blockchain technology for their cross-border remittance services.
It’s worth noting that this isn’t just a blip in the crypto market – this is a major development for XRP and its underlying blockchain technology, one that could have a long-term impact on its price. In fact, many analysts believe that this could be just the beginning of a bull run for XRP as more investors take notice of its potential.
At the time of writing, XRP is trading at $0.35 per token – up almost 10% from yesterday’s close price. If the current momentum continues, it wouldn’t be surprising to see XRP breaking above $1.00 by early next year.