XRP price skyrockets by 17% as double bottom chart pattern takes shape

XRP’s price swung higher on Wednesday as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines. Positive news boosts XRP’s price The Ripple blockchain’s native cryptocurrency, also ranked as the sixth-largest digital asset by market capitalization, reached its one-month high of $0.759 after rallying 17.73% intraday. At a monthly low, it was changing hands for as little as $0.514. XRP sustains its uptrend amid a market-wide bullish mood. Source: TradingView The bullish boost came over a partnership between Japan’s largest…