Bitrue Exchange Will Push 30 XRP Trading Pairs After POLY, EOS, VET, and NEM are Added
The bearish pressure on the crypto market does not appear to have let up this week. All the top coins are in the red. However, XRP prices appear to be falling at a lower rate compared to the ETH and BTC.
Although the price momentum is noteworthy, an upward trend has yet to be seen.
Happy Monday XRPCommunity! We've brought you some love❤️❤️❤️
We're targeting to add 4 more long-waited XRP pairs by end of the month!🙌 By completing this we would have 30 XRP Pairs! #xrpthebase
👇$EOS/ $XRP$POLY/ $XRP$XEM/ $XRP$VET/ $XRP@Curis_Wang https://t.co/i7RmZikmVR pic.twitter.com/LdX2YxWLlt
— Bitrue (@BitrueOfficial) January 14, 2019
The Future of XRP Price
If anyone could accurately make price predictions for the crypto world, they would make millions of dollars a day. However, until this has happened, price speculation will continue to be the most common method used.
It would appear that XRP prices are less prone to volatility compared to ETH and BTC. This does not mean there are no price changes worth noting.
Price Movements for XRP
In the past 24 hours, XRP prices have seen downward momentum, like the rest of the market. This is not abnormal in the current bear market.
In dollar terms, XRP has lost 2.6%, which has driven its value close to $0.32. In terms of XRP/BTC, the coin has suffered a 0.5% deficit. Right now, the value is still about 9000 Satoshi mark. Most speculators will be pleased with the latter detail.
On social media, you should note some interesting developments. On Twitter, Bitrue recently announced that they had added more XRP based trading pairs. However, the company wants to keep the momentum going.
The XRP pairs that will soon be added are POLY, EOS, XEM, and VET. This will be added towards the end of January 2019. It is a further confirmation of the viability of using XRP as the base for trading pairs.
The Real Impact of Ripple
On social media, the Crypto Stories is looking at the market in a different manner. If Ripple manages to disrupt the global transfer market, interesting things will happen.
While it might not change the price of XRP, it could lead to more demand for the crypto coin. However, this is a wait-and-see game.
What the Expert Thinks About XRP Price Momentum
In terms of price momentum for XRP, the next few days will be crucial. Some analysts predict that a price break of $0.33 might be needed for a strong uptrend to be seen. If this does not happen, prices will continue to drop. Right now, the support has been set at $0.31.
According to a Twitter user going by the name Coin Kilavuz, based on the ongoing XRP momentum, there would appear not to be much cause for excitement. However, most traders and speculators would wish that the market turned bullish again soon. He does not believe that this will occur anytime in the near future.
This is despite a lot of bullish sentiment by the community about the future of XRP prices. In his opinion, the price of BTC would have to show a massive price surge. As a result, this would make the entire market bullish again.