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 Kicks Off ‘Most Demanded’ TRX/XRP Trading Pair

  • Alex Morris
    📰 News

    Bitrue delivers on its pre-New Year's promise to list five new XRP-based trading pairs with two more pairs expected to be added in the nearest future

Bitrue Kicks Off ‘Most Demanded’ TRX/XRP Trading Pair
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Bitrue, a global trading platform for buying and selling cryptocurrencies, has just given Tron and XRP fans a major cause for celebration – the TRX/XRP was eventually added to the exchange. Overall, XRP managed to bag five trading pairs, enjoying unprecedented support from the exchange.


An XRP trailblazer

Notably, Bitrue became one of the first exchanges to list of XRP as its base currency. That was unknown
to many members of the crypto space who started speculating that Bitrue was simply following trends with the recent XRP embrace. The list of coins that had been already paired with XRP includes Bitcoin (BTC), Ethereum (ETH) and a bevy of other major altcoins (13 pairs in total).  

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On Dec. 28, Curis Wang, the CEO of Bitrue, claimed that ‘many people’ had very low expectations when their exchange was launched five months ago. Moreover, their decision to list XRP as a base currency was perceived as a joke.           

XRP bags five new trading pairs

Now, the exchange is simply expanding its offering by adding five new XRP-based trading pairs. The TRX / XRP pair was, of course, the most anticipated addition in the roster given that both of these communities are hyperactive on the crypto Twitter. Tron CEO Justin Sun, who himself has a reputation of a Twitter regular, has retweeted the announcement. Meanwhile, Bitrue has become one of the favorite trading platforms among XRP enthusiasts as of lately, which in turns gives a lot of publicity to the fledgling exchange.   

It’s also worth mentioning that XRP-based pairs with Cardano (ADA) and VeChainThor (VET) are also in the pipeline.

XRP’s bittersweet start

Despite a series of incremental shifts at the end of 2018, XRP witnessed a rocky start in 2019, falling to third place on CoinMarketCap (CMC) after Ethereum’s Constantinople-driven rally that allowed ETH to regain its second ranking. According to CMC data, XRP is currently sitting at $0.36, but it’s quite possible that an expected increase in trading volume will trigger another price spike.

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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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