Ripple join forces with Finastra, XRP bulls take note

Ripple announced partnership with software developer Finastra.
XRP/USD has resumed the move within upside trend.

Tanya Abrosimova Independent Analyst

A cryptocurrency startup Ripple announced a partnership with Finastra, one of the world’s largest software developers for financial companies.

"Ripple and Finastra have teamed up to offer Ripple’s blockchain technology through Finastra’s payments solutions to support fast cross-border payments," the company said in the official press release.

As part of the collaboration, Finastra’s customers will get access to the payment network RippleNet that connects over 200 financial institutions worldwide. They will be able "to send international payments with end-to-end tracking and visibility into fees, delivery time and status."

Ripple's technical picture

At the time of writing, XRP/USD is changing hands at $0.2940, with over 1.5% on a day-on-day basis. The bulls managed to engineer a recovery from the recent lowsn and psuhsed the price above critical $0.2900 brining the psychological $0.300 back into focus.

Looking technically, the price moved above SMA100 (Simple Moving Average) on a daily chart. It means that the recovery may continue; a sustainable move above $0.2900 will increase the upside pressure and allow for a move towards a critical $0.3000.