XRP Price Prediction: Ripple’s Mastercard Partnership and $500M Boost Fuel Bullish Outlook

Analysts are predicting a massive 1500x gains in XRP prices after Ripple has secured a new 500 million US dollar funding and a brand new partnership with Mastercard, a giant in the name of fintech industry.

This news spread like wildfire through forums and social media, and traders are into the market with a fresh optimism. Investors are keen on future XRP price predictions as XRP jumps to $2.56 even amidst uncontrolled profit-taking.

XRP Price Parameters

Implications of the Moves Made By Ripple Labs

This move could very well be the boost Ripple was looking for to give XRP its price advantage. With more institutional interest in Ripple Labs, XRP’s future seems to be a bright one. The growing interest in high-speed, scalable, and real-world transactions is boosting Ripple’s efforts to put XRP’s intrinsic value off the charts.

The news of the 500 million US dollar funding was posted by Ripple Labs itself. Ripple has stated that it will be allocating the funds towards enhancing liquidity corridors, scaling global operations, and expanding the number of partnerships with traditional companies working in the fintech sector.

By involving Mastercard in the picture, Ripple has boosted its institutional value. With high-speed, scalable transactions in high demand, the partnership is being looked upon with renewed hope. This has made XRP investors hungry for risk as XRP seems to be on a growing trajectory. XRP is currently selling at $2.46, which is nearly 8% higher than the last 24 hours. XRP has witnessed a market capitalization of 152.06 billion US dollars and an increase in trading volume, which grew by 118% to a total of 6.08 billion US dollars.

These factors indicate an increase in confidence of the investors post the institutional investments. Couple this with the whale wallet movements, and XRP could be in for a breakout.

The Joint Venture With Mastercard

Through this partnership, both Mastercard and Ripple aim to take mainstream commerce into the blockchain payment channels. This is to merge speed and compliance through Ripple’s liquidity solutions.

Analysts predict that value-inducing mergers like these are a great sign of price growth. Their observation points out that utility-based value adding could be the first step of a major price expansion phase.

As global payment infrastructure providers are on the lookout for blockchain technology that has the capability to integrate regulations and control, Ripple’s regulatory framework seems ideal for them. This is the reason why Ripple can secure such institutional funding and major cooperative ventures.

XRP Price Prediction: A Technical Analysis

According to analysts, XRP could be trading with a bull flag chart pattern. This chart pattern, as its name suggests, looks like a flag on a pole. The flag part of the pattern is formed by two consolidated trend lines; the pole is a sharp price movement. In the case of a bull flag pattern, the sharp price movement will be bullish.

Flags are representatives of continuous patterns. Normally, they are indicators of major breakouts. With what news is coming from the industry, XRP seems to be making a possible breakout.

XRP Price Prediction – Short Term

In the short-term price prediction, XRP seems to be on a bullish path with prices increasing consistently. There are no major bear outlooks on the market up until next week. This could be a result of the major industry news that is coming about Ripple Labs.

XRP Price Prediction – Long Term

XRP is projecting strong uptrends for the upcoming year as well. This could also be because of the increasing institutional funding Ripple is attracting and the possibility of new XRP ETFs.

Conclusion

With strong institutional backing, XRP could potentially be up for a bullish rally. With major industry names being introduced into the equation, the chances of XRP going past its historic resistance at $3 have increased.

As per the predictions, if XRP can break the key resistance points, it could potentially climb to new, higher values. This could replace the old support levels with new and higher ones. This could secure XRP’s potential as an investment-worthy coin. With the introduction of multiple ETFs, the market liquidity can also increase, which is yet another boon for XRP. Overall, XRP and Ripple Labs seem to be on a path of sustained growth.