Ripple’s XRP lands incredible support on Bitrue: Bags 5 new trading pairs
|- Bitrue uses XRP as the base currency and has added TRX, XLM, NEO, GAS and OMG token pairs.
- Selling activity is bound to dominate in the coming sessions.
Ripple’s XRP continues to receive great support from various exchanges just after we usher in the new year. The latest support comes from Bitrue where the token has seen the addition of five more trading pairs. The announcement was made via the exchange’s official Twitter account and reads:
“Bitrue in the house! Thanks @sentosumosaba. Bitrue adds 5 new XRP PAIRS! TRX, XLM, NEO, GAS and OMG.”
The exchange was incepted in 2018 and within a short time became the preferred platform for the XRP community. The team at Bitrue accords the followers with utmost enthusiasm and good service. The platform also uses XRP as its base currency. Besides, its growth has been tremendous since the official launch in July 2017.
“As we pioneered in adopting $XRP as a base currency, XRP trading volume has contributed the majority of our overall volume. XRP daily trading volume on Bitrue grew from 0 to 10 million by end of December.”
Ripple’s XRP technical picture
Ripple is still trimming the gains on Thursday, besides it has slipped below both the 50-day and the 100-day Simple Moving Averages. On failure to correct growth above $0.38, the asset has been losing moment and currently changes at $0.358 while heading for the next support zone at $0.35. The RSI on the same chart is entering the oversold region to show that selling activity is bound to dominate in the coming sessions before the day ends.
XRP/USD 1-hour
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.