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XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found
XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found

Ripple News - Bitrue CEO Talks Future xRapid Partnership After Promising to Add XRP-Based Trading Pairs

  • Alex Morris
    📰 News

    The partnership is still up in the air since there hasn’t been an official confirmation from both sides but the progress is allegedly being made

Bitrue CEO Talks Future xRapid Partnership After Promising to Add XRP-Based Trading Pairs
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Bitrue, a global cryptocurrency exchange, continues its exploration of Ripple. After announcing the on-boarding of XRP-based currencies, it is now planning to partner up with xRapid.    

A new cooperation in the offing

Curis Wang, the CEO of the Bitrue, reveals that they are planning to embrace Ripple’s new product, xRapid. Despite the fact that there is no official confirmation, there is a good reason to believe that Ripple will support the partnership since, according to Brad Garlinghouse, they are hell-bent on increasing the adoption of their brand-new product. Still, there is a set of requirements that the exchange has to follow – given that Bitrue speaks of ‘long-term’ goals, it is safe to assume that they won’t integrate xRapid in Q2 2019 at the earliest.  

👉MUST READ XRP Trumps Bitcoin on Uphold. Precursor to Future Flippening?

xRapid, which converts local fiat currencies to XRP, was allegedly behind Ripple’s massive bull run this September, and many banking institutions around the globe are currently getting on board. Recently, U.Today reported about the National Bank of Kuwait (NBK) launching a RippleNet-powered instant remittance.

Following Binance or setting trends?

On Dec. 27, cryptocurrency trading platform Bitrue announced that it would list five XRP-based pairs. The news came after just four days since Binance and BTCEXA made similar announcements that provoked a substantial amount of buzz in the XRP community. However, unlike the aforementioned exchanges, Bitrue didn’t specify what exact trading pairs would make it to the exchange. Instead, they asked users for their suggestions.

XRP

Bitrue dismisses the Binance comparisons, claiming that XRP was their base currency from the very beginning, and that explains why they hold 2 percent of the XRP market. In total, they already have 16 pairs. As mentioned above, its users are supposed to decide what coins will be listed next. So far, Tron (TRX) is in the lead (not surprisingly, given how big their Tron’s Twitter community is). EUR/XRP also was a fairly popular option.

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Ripple News - XRP Price Predicted to Stay in a 4-Cent Channel — What Needs to Happen for Coin to Rally

  • Jack Thomas
    🤷 Opinions

    ✋👀🔥XRP’s price has found a spot between $0.30 and $0.34 that it is having problems breaking above, as well as below; what can trigger a move?

XRP Price Predicted to Stay in a 4-Cent Channel — What Needs to Happen for Coin to Rally
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Ripple and its native token XRP have had a busy time in 2019 with a number of big and key partnerships being formed, however, the movement in price of the token has been relatively disappointing, getting stuck in a channel of about four cents.

Ripple has been aiming itself at being the best answer to a digital asset that can be used in interbanking conditions as well as across borders; because of this, the company has been seeking out major companies and financial institutions to align itself with.

This is a good move from a cryptocurrency and blockchain startup, showing positive growth along its roadmap. However, even with these good news boosts, the price of XRP has struggled to move out of this spot between $0.30 and $0.34.

Things like being listed on Coinbase Pro as well as popularity across investors in the general market have hardly shifted the price, so the question needs to be asked: what will it take to move and shake the XRP price?

No news boost

Ripple’s performance has been dismal and lagging in the last few days. On the one hand, there are expectations that prices will head higher once Bitcoin recovers, but Ripple itself will not want to be so tied to the decentralised major cryptocurrency.

It has been building its own base up with the Coinbase listing and plans of venturing into the multi-billion gaming industry via Forte, but that has not pushed the price of the coin above $0.34.

News in the past year, through the bear market, was struggling to have an effect on the price of certain tokens, unlike in 2017 when the market was extremely bullish. Now, there is a small change in the sentiment, with some people calling it the beginning of crypto spring, but it has not been strong enough to ride on the good news that abounds.

What will it take?

The assertion that Bitcoin will lead the rest of the market is a tried and tested one. When Bitcoin is rallying, the remaining coins near the top of the Coinmarketcap rankings are never far behind. However, there has been talk of an altcoin season leading the way into crypto spring.

Certain altcoins, like Litecoin, Binance Coin, and EOS for a small portion of an example, have seen a successful beginning of 2019, and have been part of the reason why Bitcoin now finds itself over $4,000 for the second time since November last year.

If XRP was able to break its strong ceiling and get past the $0.34 mark in one of its own rallies, it may well be able to stay there with the strong altcoin sentiment at the moment. But, what it needs to get above that mark is still very unknown.

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