Ripple’s XRP is a cryptocurrency that provides liquidity for cross-border transactions. Popular cryptocurrency XRP shows a new green in the graph with a $56 billion market cap ranked on #7. As of today, the XRP price is signaling a more positive sign towards reaching the $1.23 price level. It has had an incredible run in the last 24 hours, gaining around 4%. By the way, the momentum and volume are currently low, but considering XRP’s prior performance, this might change instantly. At this point, investors should keep a watch on Ripple in the coming weeks.
Earlier, it was announced that through Ripple’s global payments platform, a Pakistani bank and one of the UAE’s leading money transfer and currency companies have joined to create a new transaction corridor between the two nations. Ripple, LuLu, and Bank Alfalah were the first to provide a blockchain-based payment solution for the UAE and Pakistan. Meanwhile, since the beginning of this year, Ripple has stepped up partnerships with payment service providers, central banks, and other financial institutions. According to CoinGeckо, it has a circulating supply of 47 Billion XRP tokens and a total supply of almost 100 Billion.