Ripple (XRP) is one of the largest digital currencies on the market so far. With a market capitalization of $ 10.38 billion, XRP enthusiasts and investors are trying to figure out if the currency will reach the $ 10 mark within the next three months.
The partnership between XRP and J.P Morgan
In December 2017, XRP CEO Brad Garlinghouse recognized the presence of 15 executives of J.P Morgan at a conference organized for XRP inventions. At that point, the price of XRP was higher than the value of $ 1 for the very first time ever.
Since then, XRP investors, enthusiasts and the media have become concerned about the likelihood of a potential collaboration between XRP and J.P Morgan.
Price XRP (XRP) today – XRP / USD
The probable influence of the partnership
The partnership will greatly influence the price of XRP as XRP's XRP aspects will attract the attention of the giant financial institution worldwide. Recently, the Treasury Department of J.P Morgan also said that they were developing a real-time payment system, which will bring "cascading benefits" to its customers.
This request has aroused expectation for investors and enthusiasts of XRP, but is J.P Morgan ready for a partnership with XRP?
In the press release aired a week ago, an insider's narrative suggested the intention of both companies to collaborate soon. According to the narrative, the establishments were holding high-table negotiations and consultations with news of the projected collaboration to hit the headlines once released.
XRP – The technology of distribution of favorite books
XRP inventions are recognized as favorable banks and the company has experienced a broad adoption of its recent xCurrent system by over a hundred banks according to its CEO. J.P Morgan is about to use a new payment system in the United States with the intention of simplifying the processes from the start of transactions up to reconciliation.
This plan corresponds well to the xRapid invention of XRP. Now that XRP's inventions have been recognized as friendly to the bank, the chances that J.P Morgan will soon reach an agreement with XRP are so high.
This makes us believe that XRP will reach $ 10 by the end of 2018 due to high transaction volumes and market capitalization.