Ripple’s XRP has started the year with strong backing from cryptocurrency exchanges, with Bitrue leading the charge by introducing five new XRP trading pairs. This strategic move reinforces XRP’s utility as a base currency and expands its market accessibility.
Bitrue’s Expansion with XRP
Bitrue, a Singapore-based exchange launched in 2018, has solidified its position as a favorite among XRP enthusiasts. The platform announced the addition of TRX/XRP, XLM/XRP, NEO/XRP, GAS/XRP, and OMG/XRP pairs via its official Twitter account:
"Bitrue adds 5 new XRP PAIRS! TRX, XLM, NEO, GAS, and OMG."
Key highlights of Bitrue’s XRP-centric approach:
- XRP as base currency: A pioneering decision that boosted liquidity.
- Rapid growth: XRP trading volume surged from zero to $10 million daily by December 2023.
- Community focus: Known for responsive service and engagement with XRP holders.
👉 Discover how Bitrue empowers XRP traders
XRP Price Analysis: Short-Term Downtrend
XRP’s price action shows consolidation after recent volatility:
- Current price: $0.358 (testing support at $0.35).
- Key resistance: $0.38 (previous hourly moving average).
- RSI indicator: Nearing oversold territory, suggesting selling pressure may persist briefly.
Table: XRP/USD 1-Hour Snapshot
| Metric | Value | Implication |
|--------------|------------|--------------------------|
| Price | $0.358 | Testing lower support |
| RSI | ~30 | Short-term bearish signal|
| Volume | Moderate | Consolidation phase |
FAQs: Bitrue’s XRP Integration
1. Why did Bitrue choose XRP as a base currency?
Bitrue prioritized XRP for its fast transactions and strong community demand, enhancing liquidity for paired assets.
2. How does this affect XRP’s market value?
New trading pairs increase trading volume and visibility, potentially stabilizing long-term prices.
3. Can users expect more XRP pairs soon?
Bitrue has hinted at further expansions, depending on community feedback and trading trends.
👉 Explore XRP’s trading potential on Bitrue
Conclusion
Bitrue’s latest move underscores XRP’s growing ecosystem utility. While short-term price fluctuations occur, the long-term adoption trajectory remains positive. Traders should monitor the $0.35 support level for potential entry points.
Keywords: XRP, Bitrue, crypto trading pairs, Ripple, XRP price analysis, cryptocurrency exchange, XRP support levels.
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