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Mgiripple

MGI MONEYGRAM TREND REVERSAL LONG SET UPBUY MGI MONEYGRAM ENTRY 1 $2.60 & ENTRY 2 $2.00 OPTION PRICE TARGET 1 $5.00 OPTION PRICE TARGET 2 $7.00 OPTION PRICE TARGET 3 $10.00 Ripple partner, MoneyGram chooses VISA network for new service. Ripple's partner, MoneyGram launched the FastSend payment sending service. Despite its partnership with Ripple, MoneyGram decided to launch the product on the VISA network Ripple has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this partnership, which will have an initial term of two years, Ripple would become MoneyGram’s key partner for cross-border payment and foreign exchange settlement using digital assets. In conjunction with the partnership, Ripple has agreed to provide a capital commitment to MoneyGram, which enables the company to draw up to $50 million in exchange for equity over a two-year period. The partnership with Ripple will focus on the xRapid product, a solution for on-demand liquidity, which reduces reliance on pre-funding by enabling money to be sent from one currency and instantly settled in the destination currency. It leverages XRP, the native digital asset of the XRP Ledger, as a real-time bridge between the sending and receiving currencies. XRP remains the most efficient digital asset for settlement with transaction fees at just fractions of a penny, compared to other digital asset fees of about $30 per transaction. Similarly, the average transaction time for XRP is two to three seconds with other top digital assets ranging from 15 minutes to an hour. “As the payments industry evolves and matures, it’s imperative that we continue to improve our platform and provide the most effective solution to get funds from point A to point B,” said Alex Holmes, MoneyGram Chairman and CEO. “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.MoneyGram operates globally in the $600 billion global remittance market, serving millions of customers in more than 200 countries and territories, supporting multiple currencies. Today, MoneyGram relies on traditional foreign exchange markets to meet its settlement obligations, which require advance purchases of most currencies. Through this strategic partnership, MoneyGram will be able to settle key currencies and match the timing of funding with its settlement requirements reducing costs, improving its balance sheet efficiency and reducing risk.
MLong
by MavRich_Trading
MGI -When I dip you dip we dip Accumulating on significant dips has zeroed out my cost basis , it's all green from here in the portfolio. Not sure if it affected price but Thomas H lee appears to have shed about 20 mill shares in this last shakeup. Considering the large number of puts on the day of this report is suspicious to say the least. Who cares though amirite? Yeah I'm right. Solid bounce back to 2.98$ lets go. Not to toot my own horn but BEEP FUCKING BEEP i believe one of my bullshit charts showed this happening.
M
by Bannedhammr
Is this looking all that bearish for MGI ???The recent price action has been some kind of discourageing .... After hitting a temporary high in the high 6 USD the price has come back all the way down to around 2.50 loosing more that half of its value. The price has broken support after support, showing an apparently very weak behaviour ... On the other hand the price has been playing ping pong in a very steep falling wedge which could be seen as a BULLISH wedge (shown in the white colour). Moreover a beautiful cup and handle formation is drawing its way on the chart (red colour cup). Is it looking all that bullish for MGI ?? I think not at all.
MLong
by Dangermousebanana
MGI looking to bounce here and go up!After reaching new highs MGI made a major need I say healthy correction. Positive notes: Several new partnerships (biggest including xrp/ ripple 30mil and another possible 20mill. Next earnings should see a major green light Currently, MGI is sitting in oversold territory on the daily. $3.50 looks like a great support level. Based on the previous chart patterns I expect MGI to continue in a bull rally. Hitting $10 by the end of the year is not out of question.
MLong
by whitejade
7
Possible future path for MGI stock (long term)Following reverse symmetry we could bounce rapidely into the falling wedge top resistance and fall back to the recent break out around 4 USD. This could play out fast since volume becomes thinner above 4 to 5 USD. After falling back to the base of the (yellow) wedge we could go up for the real break out (above 13 USD). Thing could start getting REALLY interesting above 13 USD as there is reallly no heavy price history above that level: in fact, during the great financial crisis MGI stock cratered from around 300 to 20 USD almost in straight line !! Please feel free to share or to make comments about that outcome. Comments and discussions are welcome !!
MLong
by Dangermousebanana
1
$XRP. Bullish setup. MoneyGram & XRP, is it huge success for both? In my view, it's success for $MGI and not for $XRP, because the company with big debt cannot be a good strategic partnership(the dark hole for money). Anyway for Ripple these $50 millions, is more then shares in the pocket, it's the best ads of Ripple itself to a potential investors. $MGI and $XRP are the today news stars of the business/finance tv and media. So the trading day on the stock market will start soon, so it can be very interesting day for $MGI and $XRP together. As well, this gap on $MGI was opened at the night, and at the beginning of the week - good sign. Okay. The chart. Support : ~ Trend Line ~ EMA 20&50 Lines ~ Strong support at .31 Resistance: ~ Light .45 ~ Strong .65 Entrer ~ 0.43 TP ~ 0.7 or around the resistance level. I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Good Luck.
XLong
by MARKETKNOWS