Good News for XRP Coin: A Giant Bank Will Use It!

In a recent FOX Business interview, Sound Planning Group CEO David Stryzewski revealed that Bank of America has integrated XRP for 100% of its internal transactions. Stryzewski noted that the bank has also filed 83 patents around Ripple. In this context, he explained that this development makes #XRP a key component of finance in the future.

Notably, there is no definitive evidence behind these claims. However, there is some documented evidence that points to cooperation between the banking institution and the blockchain payment network. Stryzewski also shared bullish views on XRP. He concluded that despite regulatory restrictions, XRP is progressive and the success of the RLUSD stablecoin will strengthen its position in the payments sector. In this context, Stryzewski made the following statement:

Fox Business Discusses the Ripple and XRP Connection with Bank of America! Ripple will be the runway on which everything runs in the future. Bank of America, as I said, was doing 100% of its own internal transactions. They have 83 different patents on the subject and something incredible is about to happen soon.

This participation allowed the Ripple CEO to meet Donald Trump. This is another remarkable moment that offers a bullish outlook for XRP Coin. Analysts see this meeting and Bank of America’s XRP news as influential factors that will help the digital payment network with regulatory issues and global adoption, eventually bringing a long-term $XRP price uptrend.

Will XRP Coin price reach $4 with this news?

Despite today’s downtrend, the long-term price trajectory points to XRP’s bullish performance in the near future. Considering the bullish performance in the last two months and reaching the highest level in the last seven years, analysts are predicting a major price increase for XRP Coin by the end of January. Currently, XRP is trading at $2.32. However, experts are predicting a long-term target of $3.50 – $4 by the beginning of February.