In a constant pursuit of the most promising assets, we keep monitoring important market drivers and events that can lead to sharp price movements. But it so happens, that we often lose sight of something really interesting and worthy of attention. This is what has recently happened in the crypto market. On the watch for Bitcoin’s unlimited growth, many traders simply missed a full-fledged bullish rally of a scandalously popular Ripple. Just over the past three days the BTC/USD sled from $ 6,480 to $ 6,326, which is equal to a 2.5% loss. Meanwhile, Ripple managed to climb from $ 0.27 to $ 0.32, thus increasing its market capitalization by a total of 18.5%.
Sure enough, movements of this kind are very rarely based on something hidden from the majority of stakeholders. Such growth is usually the result of a general reboot of the market sentiment, when assets receive an upward momentum or some significant fundamental driver which affects a certain instrument. Since most cryptocoins are still in the red,showing no signs of potential growth, it is logical to assume that the rally in Ripple was fueled by the positive news related to it directly.
According to the latest information, Ripple has signed a partnership with the National Commercial Bank of Saudi Arabia, hinting at the possibility of a future agreement with another giant. A while ago, Apple (NASDAQ:AAPL) introduced a new payment request API for Apple Pay with the Interledger extension from Ripple. Such a cooperation between Ripple and Apple, given the huge demand for digital payments from the latter, will help Ripple in its expansion into the market, making it a much more identifiable brand.
Moreover, partnership with the most expensive company in the world is the best advertisement as could be. It will certainly do its job, increasing Ripple’s brand awareness. It is worth noting that Apple has already integrated a number of Ripple’s technologies and who knows, maybe in the near future, the "tech giant" will decide to fully integrate it into its platform, significantly increasing liquidity and capitalization.
Looking forward to these bright prospects ahead, we recommend seriously considering investments in XRP. The word on the streets is that Ripple is one of the few coins that has all chances to show 100 fold growth. Since today the XRP is trading only at $ 0.32, such expectations of growth seem quite solid.