Ripple approaching $0.5 and has a chance to reach $1 before the end of the year

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Ripple in the near future has a chance to get closer to $0.5 after recent reports about the partnership project with Siam Commercial Bank (SCB), the largest Bank in Thailand. At the time of writing, the XRP value is $0,41 with a market capitalization of $17.3 billion

SCB — latest financial institution, announced plans to introduce basic technology Ripple. The Bank confirmed the collaboration, saying on Twitter that the use of the technology of the blockchain Ripple will begin in the near future.

We will be using Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement.

— SCB Thailand (@scb_thailand) May 22, 2019

It is expected that this partnership will have a positive impact on the price of Ripple in 2019. In particular, according to analysts, XRP will aim to finish the year above $1.

Active promotion of Ripple on the world market

Currently, the Ripple team is hard at work on improving the network as the platform has positioned itself as the main provider of international payments between financial institutions.

Over the past month, the XRP price rose 21%. Cryptocurrency, now occupying third place in the rankings, has previously peaked at $0,47, but then followed by a drop to $0,28. In the first quarter of 2019 XRP showed relatively slow growth.

Despite past failures, the price of Ripple is now on an upward trajectory. It is expected that with the growth of partnerships XRP will reach new heights. In 2019, scriptactive is showing signs of steady movement to the level of $0.5.

In General, Ripple is gaining popularity among banks as they begin to use DLT to speed their systems and reduce costs.

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Tags: Ripple

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