Ripple Announces Major Partnerships That May Help XRP Claim $0.65

On Sep 3, 2024

Ripple is currently on a global roll and is busy collaborating with reputable organizations worldwide to forge meaningful partnerships. In this quest, Ripple recently took to X to announce key new collaborations with banking entities in Japan and South Korea.

Ripple’s aggressive expansion policies are once again fueling speculation about whether the new strategy will help XRP claim a new price threshold.

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Ripple’s Strategic Partnerships And Their Impact On XRP Price

Ripple Partners With South Korea On Key Network Proceedings

Ripple has announced several monumental partnerships with key giants like FutureVerse in South Korea to enhance blockchain visibility in the region. FutureVerse is a premium AI and Metaverse company that will use ripple custody to securely store its assets.

“Futureverse will enable secure, compliant Know Your Customer (KYC) verified access to DeFi via its self-developed Ottó blockchain. The Futureverse will leverage Ripple custody to ensure cryptocurrencies are safely received and stored before being minted on the Ottó blockchain.” The press statement was later read.

1/ AI & Metaverse tech company @futureverse is partnering with Ripple Custody to securely custody its assets. Futureverse has already adopted the XRPL NFT standard, uses XRP as the gas token on the Root Network and is integrated with the XRPL DEX to supply network liquidity.…
— Ripple (@Ripple) September 3, 2024

Ripple has also announced its plan for the XRPL dev ecosystem, which includes introducing new programmability to enhance it.

2/ Ripple and the broader XRP community are committed to bringing new programmability, including smart contracts, to the XRPL dev ecosystem in 2025 – through the XRPL EVM sidechain (already in the works) as well as exploring native capabilities on XRPL Mainnet.…
— Ripple (@Ripple) September 3, 2024

The XRP’s parent company has also partnered with South Korea’s Yonsei University under its UBRU program. The initiative will help fuel blockchain technology research and innovation in the realm above.

3/ Ripple’s University Blockchain Research Initiative added Korea’s Yonsei University as our 58th global partner! With $60M+ committed to #UBRI, this program is driving academic excellence and best-in-class research through strategic support, technical resources, and grants.… pic.twitter.com/JJjJUEq0TM
— Ripple (@Ripple) September 3, 2024

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What It Means For The Token In A Broader Sense

At press time, XRP is sifting at $0.56, up 3% in the last 24 hours. The token is currently facing stiff resistance, with its price unable to cross the $0.65 price barrier.

With such key announcements at play, XRP can leverage the current market momentum price, which may ultimately help the token to cross the ambitious $0.65 price mark.

According to CoinCodex, XRP may surge and spike to hit the $0.68 level by the end of September 2024.

“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.28% and reach $0.682075 by October 3, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 26 (fear). XRP recorded 16/30 (53%) green days with 5.08% price volatility over the last 30 days.”

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