XRP News Now – According to the latest Ripple MoneyGram report, in the last six months, MoneyGram has received over $11 million from Ripple. According to the report, the fund received is termed “Ripple market development fees.” Previously in June 2019, Ripple announced that MoneyGram will be joining its leagues of partners. XRP 2020 – As per the agreement, Ripple agreed to give MoneyGram $50 million to utilize its payments products, On-Demand Liquidity, or xRapid.
Ripple News Update – The $11.3 million has so far been split into two quarters in the past months, $2.4 million in Q3 and an extra $8.9 million in Q4. Ripple MoneyGram – the Q4 payment termed as “financial benefit” by MoneyGram was not included in its recent financial report. XRP 2020 – Instead, it was recorded as a contra expense in its operating expenses, which necessitated the company to iterate its revenue down by $2.4 million.
XRP price declined by 2.14% on Tuesday, moderately reversing a 5.50% gain from Monday. XRP closed the day at $0.23515. Commencing the new day, XRP decline from an early morning intraday high of $0.24029 to a late morning low of $0.23392. XRP Projections – Avoiding the key support ans resistance levels, XRP recovered to $0.2390 levels before hitting reverse.
XRP (XRP) Price Today – XRP / USD
Finding key support at the first key support level at $0.2305, XRP recovered to $0.2360 levels before reversing. XRP was up by 0.78% to $0.23698. A bullish start of the day saw XRP surge from an early morning low of $0.23348 to a high of $0.23726. XRP Price Prediction 2020 – XRP will need to move back through to $0.2380 levels to support a run at the first key resistance level at $0.2401.
Support from the general crypto market would be required, also XRP would need to break back through to $0.24 levels. Steering clear a prolong crypto rally, the first key resistance level, and Tuesday’’ high of $0.24029 might retain XRP’s momentum. XRP Price Prediction 2020 – If XRP fails to move back through to $0.2380 levels, the price of the token might struggle later in the day. A plunge back through to sub-$0.2355 levels would bring the first key support level at $0.2304 into action. The next few trading sections will help traders determine if they should buy or sell.