As stated before, Ripple's intentions to expand their venture in South American region, especially with Brazilian and Mexican banks for the people engaged in remittance market, Ripple has now announced to share a new partnership deal with International Money Express, Inc. (Intermex) (NASDAQ: IMXI) which is a leading money remittance services company entrusted primarily on the Latin America and Caribbean corridor as the demand for remittance market by 2020 for instant and cheap solutions in these regions grows rapidly.

Well, the partnership for now will enable Intermex to leverage RippleNet for faster, transparent cross-border remittance services between the United States and Mexico.

‘XRP’ that is driven by Ripple has recently announced that it has invested in Bitso, which is happens to be Mexico's largest cryptocurrency brokers, with an objective of expanding operations in Latin America region with a prime concentration on emerging economies like Brazil and Argentina and that too exclusively into remittance space. Brazil has been the dream destination for the various cryptocurrency businesses, be it for traders, miners or other blockchain operators.

XRPUSD (at kraken) has been rising higher to 0.28053 levels, it has been almost 41.75% price gains or 2ndconsecutive week’s upswing to hit 3-months’ highs.

Technically, as shown in the above diagram, back-to-back hammer and dragonfly doji pattern candles take-off massive rallies above 7&21-EMAs.

For now, more upswings on the cards as both leading oscillators (RSI & stochastic curves) show upwards convergence to the prevailing uptrend to signal intensified buying momentum. If it sustains the same momentum, we could foresee near-term bullish targets upto 0.3180 levels.