Short Term Ripple (XRP) Price Prediction by Analysts

While the lawsuit between Ripple (XRP), a US-based cryptocurrency, and the United States Securities and Exchange Commission (SEC) continues, Ripple, one of the popular cryptocurrencies, reveals that it has not left the race with new moves.

Airwallex, known as the worldwide financial services platform, has extended its payment services to New Zealand. The fintech firm joined RippleNet in 2017 and offers services to businesses instead of traditional banks. Headquartered in Melbourne, Australia, Airwallex recently announced that it has expanded its payment services to New Zealand. Airwallex now offers its global services to businesses in New Zealand. Airwallex joined RippleNet, Ripple's enterprise blockchain, in 2017 and has since offered a fast, cost-effective and transparent alternative to traditional banks. New Zealand-based businesses can now access Airwallex's services, including multi-currency wallets in more than 11 currencies, international remittances and local payments in more than 30 currencies. The firm aims to gradually roll out its services in the new market, including spend management and online payment acceptance capabilities. While Airwallex replaces traditional banking, Ripple's enterprise blockchain network provides support for the firm’s financial services. Another important development from Ripple, a US-based cryptocurrency.

Ripple developers are passing the baton of the XRPL codebase to the XRP Ledger Foundation. Ripple developers, who have long been in control of the C++ reference implementation of the XRPL protocol codebase, have now passed the baton to the XRP Ledger Foundation. The Foundation is an independent, non-profit organization working to support the development and use of XRP Ledger. As the cryptocurrency market continues its sluggish price action, Bitcoin (BTC) is trading below $20,000. XRP is currently trading at $0.317. Analysts at FXStreet are predicting a 20% rally in XRP price given recent developments and technical data. A continuation of the XRP uptrend could push the Ripple price to $0.42. Analysts emphasize that Bitcoin's price movement is especially important at this point.

Source: CoinTurk