XRPUSD surged to 0.22555 levels from the lows 0.19461 levels, which is a stellar 15.75% in this month. However it could not maintain the sustenance due to overbought pressures, currently, it is still showing 5.76% gains so far amid Ripple’s continued banking business.

The Ripple who has been popular among the banking industry as its edge to transact overseas payments swiftly and efficiently is perceived as a competitive advantage, for that cutting edge technology, Thailand’s renowned banking giant, ‘Siam Commercial Bank (SCB)’ has now partnered with ‘Ripple’ for designing and developing a mobile application powered by this blockchain to serve instant, low-cost cross-border payments.

The banking partnership is not new thing for ripple, Bank of America has already Tapped R3 and TradeIX to strategize and develop the International Trade Network.

Ripple's blockchain platform recently announced that it has intended to expand its venture in South American region. Especially with Brazilian and Mexican banks for the people engaged in remittance market. And, the demand for remittance market by 2020 for instant and cheap solutions in this region grows rapidly.

As the data from the World Bank divulge that the international trade involving remittances were valued at $1.93 billion in 2018, wherein, the prospects that is imminent to lure abundant investment inflow from the aspirants and the global remittance is most likely to surge to over $8 billion within next decade or so, ripple appears to be positioned aggressively.

Ripple's raised a mammoth $200 million through Series C funding round earlier this month, while the CEO of Ripple, Mr. Brad Garlinghouse, foresees the firm's client base is likely to grow 30-40% and transaction volume to surge over 600% in 2020.

On this perspective, the reputed multinational financial services companies have already become part of RippleNet, such as, Japan’s MUFG bank and Spain’s Santander, etc. MUFG has made announcements of its projects to a develop overseas transaction system between Japan and Brazil by deploying Ripple’s technology.

For now, the latest edition of Ripple’s partnership appears to have delighted ‘SCB’, as the SCB’s SVP of Commercial Banking, Mr. Arthit announced the app named ‘SCB Easy’ which was also demoed in December during Ripple’s annual customer event, Swell.

Sriumporn, announced on-stage at Swell: “It is so difficult to send and receive money today. People must physically go to a bank branch, fill out long and complicated forms and wait for payments to be received—with no transparency. With our service, their loved ones from abroad can transfer payment and receive money immediately.”

On-stage, Sriumporn explained with a demo about its ability to send cross-border payments in seconds. He presented a demo of the SCB Easy app and within 40 seconds, the money was in the recipient’s bank account. SCB’s partnership with Ripple fulfils their customers’ demands for cross-border payments that are low-cost, fast and certain and provide a better customer experience and praised that this is just the beginning for SCB and Ripple’s journey together.

Technically, the underlying crypto price of XRP seems to have more upside prospects upon its bullish DMA & MACD crossovers though we get to see minor hiccups upon overbought pressures in the short-run.