XRP Goes Vertical with 14% Price Pump on Moneygram News, Crypto Coins News

• The XRP price climbed (*********************************************************%, making it the second-highest gainer in the market cap top hundred.
• The unexpected surge coincided with a healthy yearly report, and the news that Ripple investment Moneygram achieved record transaction growth.
• XRP coin price returns to early December levels.

The XRP price jumped (**********************************************************% on Monday, coinciding with the news thatMoneygram had just achieved record online transaction growth.

Moneygram’s****************************************% year-on-year growth over Christmas came just weeksafter Ripple finalized a $ 75 million investment in the payments platform.

Ripple CEO Brad Garlinghouse said Moneygram’s use of the firm’s On Demand Liquid ity (ODL, previously named xRapid) would be accelerated in the wake of the investment.

Moneygram – Success by Association?

Moneygram’s non-US growth was even higher in 195298, with a (************************************************% increase in transactions internationally. Mobile devices were used in 80% of transactions overall.

While no details have emerged regarding Moneygram’s utilization of ODL, the association may have been enough to sway the day’s trades in XRP’s favor.

XRP was the second highest gainer in the market cap top hundred on Monday. The coin price surged throughout the afternoon, climbing from $ 0. 195298 up to $ 0. 01575879.

******************** (The XRP coin price gained 50% on Monday. The surge gained momentum as Westerners woke up to the Moneygram news. | Source: CoinMarketCapThat put XRP on a three-week high, returning to a price point not witnessed since Dec. 14.

Trade volume doubled on the day according to CoinMarketCap, which recorded an increase from $ 1.1 billion to $ 2.2 billion .

For a more conservative estimate that excludes wash-trading figures,Nomics.com records $ 728 million worth of tradeson Jan. 6. That marked a 127% increase from the start of the day.

Glowing Yearly Report Boosts XRP Price?

In addition to the possible Moneygram connection,the XRP yearly report was releasedon Jan 6. Despite a (********************************************************% drop in USD value over 223832 (and****************************** (% in BTC terms), XRP speculators had reasons to be cheerful.

The report details the wealth of networking, on-boarding and partnerships carried out by the Ripple team over the past year. The XRP coin found listings on 90 new exchanges. At the same time, the report claims over 75 national banks signed up to Ripple’s RippleNet.

A lasting point of contention among cryptocurrency read is Ripple’s continuous over-the-counter sale of XRP. The report notes that sales for are on course to eclipse ‘s. Coin sales in Q1 and Q2 of this year exceeded the average quarterly sales figure for the whole of 195298, marking a notable increase in sales despite a falling coin price.

This article was edited bySam Bourgi.