Ripple prices are stable but bullish SendFriend receives $1.7 million from Ripple and three other companies Transactional volumes are unexpectedly low four days after Feb 8 expansions
Despite Cory Johnson exiting the company, XRP is stable as Ripple invests in SendFriend. XRP prices stand to break above significant resistance levels. What we would like to see is first prices printing above 34 cents as bulls of Jan 30, and Feb 8 are confirmed.
Ripple Price Analysis Fundamentals
Let’s crunch in some numbers. In 2016, the World Bank estimated that workers from all over the world would remit $575 billion. Out of this, remittance to developing countries would make up $429 billion.
It is from these developing countries like the Philippines where SendFriend plans to open a payment corridor linking the country with the US. As impressive as it is, these statistics confirm previous findings from Mckinsey. In their 2015 report, they projected that by 2020, the global movement of funds would generate an approximate $400 billion as new payment rails improve efficiency and drastically slashing down costs.
They go on and say that despite scrutiny of distributed ledger technology, analysts postulate that blockchain technology will be extraordinarily vital and