The reported pairing with American Express gained the ripple some double digit rise on its price before it settled below the peak price. Ripple might continue to gain some advances in the coming days because of the american express partnership but I doubt if the altcoin can sustain its upward momentum in the long term.
It went up from 6/10's of a cent to 20 cents on far less news (a pump like that again would bring us to 14 dollars if somebody spends the same exact amount in 24 hours as they did in may, are you saying nobody will ever spend that again and when they do 14 dollars). It was still even being debated at .40 pump whether XRP would even be used at all.
Now we have XRP being used by Cuallix and in the pipeline for Amex once they get used to Ripple.
It even pumped to .30 before the Cuallix deal just from a tweet. And was at .28 today already once.
Also the supply deflates, name any other currency that does that.
XRP should be no less than .50 by now and its amazing its still this cheap. It won't last for long.
I believe somebody is loading up right now and it sure ain't .20 anymore, holding close .23 for awhile now.
Don't miss out on something that pumps over far less news than this.
Only thing that slowed XRP down today was Bitcoin went up the same amount against the dollar at the same time, had that not happen and once we recover from that, XRP goes crazy from the looks of things.
