Ripple’s XRP token is in the middle of a bullish breakout, which could open the door to $1 next.
XRP price swung higher on July 28 as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines.Positive news boosts XRP priceThe Ripple blockchain’s native cryptocurrency, also ranked as the sixth-largest digital asset by market cap, reached its one-month high of $0.759 after rallying 17.73% intraday. At a monthly low, it was changing hands for as little as $0.514.XRP sustains its uptrend amid a market-wide bullish mood. Source: TradingView.comThe bullish boost came over a partnership between Japan’s largest money transfer provider SBI Remit and Philipinnes-based mobile payments service Coins.ph. With additional assistance from SBI’s digital asset exchange platform, the duo aims to use Ripple’son-demand liquidity (ODL) to offer more affordable remittance option
Źródło: https://cointelegraph.com/news/xrp-price-skyrockets-by-17-as-double-bottom-chart-pattern-takes-shape
