| json_metadata | "{"app":"musing/1.1","appTags":["MoneyGram","bitcoin","ripple","cryptocurrency"],"appCategory":"MoneyGram","appTitle":"What is the price of XRP after Ripple in partnership with MoneyGram?","appBody":"<p>Reporting from Zycrypto, XRP, the third largest crypto currency based on market capitalization has gained momentum coming 24 hours after Ripple's announcement in partnership with MoneyGram, an international payment service. On June 17, 2019, Ripple announced that it had entered into a strategic partnership with Moneygram and would last for two years. This collaboration makes Ripple become MoneyGram's main partner in cross-country payments and foreign exchange payments using crypto currencies. In addition, Ripple will invest $ 50 million in Moneygram in return for equity over a two-year period.</p><p>The CoinMarketCap platform shows that these virtual assets jumped from the price of US $ 0.42 to around US $ 0.45 within a few hours after the announcement was made. As of this writing, XRP is trading at US $ 0.43, which is a price increase of 0.96% in the last 24 hours. Technical indicators also show something promising and that is the 62% retracement level that maintains the main price target of US $ 0.70, and a bullish Relative Strength (RSI) Index. On the other hand, the RSI shows after the buying box has been moved, momentum is up and pointing to a possible trading target of around US $ 0.6 after a strong uptrend.</p><p> The RSI also moves between the primary levels, which means stronger purchasing power has the potential to cause another runaway. The first target is the price of US $ 0.62 at 127% fib level and then the fib level 161% triggers the main price target of US $ 0.75. Another factor to consider is the hourly chart and what they say about the level of support. XRP support is close to current prices at US $ 0.43 and below US $ 0.41. The RSI in the 4-hour table leads to estimates that the digital currency is unlikely to trade below US $ 0.4.</p>","appDepth":2,"appParentPermlink":"fkb6xb43f","appParentAuthor":"rachman-jr25","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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