RippleNet partner Ria Money Transfer cooperates with Austrian Post’s bank99, XRP price may soon fall to $ 0.20

By Selena On Feb 20, 2020

Money transfer partner and partner RippleNet, Ria Money Transfer, has expanded its network through a partnership with the Austrian Post’s bank99 subsidiary. At the same time, Ria will begin to provide its services through an additional 700 Austrian Post branches and partner locations. In other happenings, the XRP price is forecasted to drop to $ 0.20.

Ripple partner continues to expand its network

‘Bank99’ is the new Austrian financial and banking service unit. For its part, the partnership will allow customers to send international remittances safely through Ria’s global network of nearly 400,000 locations in 160 countries.

?Ria Money Transfer (#Ripplenet) Joins Australian Post Network via Bank99 Partnership

?Will Enable customers to send remittances from 700 of the bank’s post offices/partner locations through Ria’s global network of 397,000 locations across 160 countries.

Live May 4th#XRP pic.twitter.com/HXe9L39zwi

— ?KingSolomon? (@XRP_OWL) February 18, 2020

The official launch will take place on April 1, 2020, with selected branches offering services starting May 4, 2020. Ria partnered with RippleNet in May 2019, using network and technology to deal with international transactions with higher speed, transparency, and efficiency. Ripple has partnered with several global money transfer providers as part of its business model to encourage the use of XRP.

Japanese money transfer service SBI recently topped the charts to become the number one provider on RippleNet by trading volume. SBI provides services in countries including Vietnam and Thailand through XRP technology and a network of more than 61 partner banks. Ripple Moneygram’s partner also recently announced a $ 9 million investment from Brinks listed in New York. This is considered another vote of confidence in Ripple’s technology.

Ripple CEO Brad Garlinghouse spoke to CNN about the current state of Ripple and XRP, and his hope for Ripple to become the ‘Amazon’ of the cryptocurrency industry in the next five years.

XRP price may soon fall to $ 0.20

The famous cryptocurrency trader Peter Brandt has some bad news for XRP holders. XRP seems to be in the middle of completing a bearish head and shoulders pattern (H&S). H&S is a popular reversal pattern that usually marks the beginning of a new downtrend, which justifies Brandt’s $ 0.20 target. However, it is worth mentioning that one should wait for explicit confirmation before making any trading decisions.

It will be interesting to see if this H&S top plays out. If so, the target would be .2071.

This Tweet poses a possibility. This is not a prediction. pic.twitter.com/IJiMR2AEnV

— Peter Brandt (@PeterLBrandt) February 20, 2020

If the latest XRP rally ends up as an H&S peak, it’s likely that its price could drop to just $ 0.2071. After reaching an annual high of $ 0.34 on February 15, XRP has quickly erased those benefits over the past few days. XRP has dropped more than 15% this week.

Source: Peter Brandt Twitter

On the same day that BOA’s announcement was released, the total ODL volume soared all the time and increased by 36.78%. The highest daily volume of all time is 11.1 million dollars

As of today, the highest daily volume is currently $ 15.5 million. Interestingly, USD / MXN has $ 10 million out of a total of $ 15.5, coincidentally the same corridor that BOA went into first with RippleNet.

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