RATE Group | XRP Bull Case Grows as Ripple Bags Key Partnership With Egyptian Bank
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XRP Bull Case Grows as Ripple Bags Key Partnership With Egyptian Bank

13 Feb XRP Bull Case Grows as Ripple Bags Key Partnership With Egyptian Bank

Posted at 04:09h in Ethereum News by

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Over the past few days, XRP has been exploding higher, with its price recently surmounting $0.31 for the first time in months.

While this move has not yet been sustained, analysts say that this uptrend is a precursor to a greater bull market for the third-largest cryptocurrency by market capitalization, which suffered a horrible 2019 when it crashed by 50% against the dollar, underperforming Bitcoin’s +90% in the same time period.

Indeed, it was recently confirmed that Ripple Labs — a company closely affiliated with the XRP cryptocurrency — secured a business deal with a large Egyptian bank, boding well for assets associated with Ripple, including the company’s own stock and XRP itself.

Ripple Partners With Egyptian Bank, Reports Indicate

According to a report from Youm7, a local media outlet, Ripple has just signed an agreement with the National Bank of Egypt, the oldest state-owned bank in the African nation.

The report (per Google…

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