The 2nd largest cryptocurrency by market cap XRP is currently in the red by 0.51 percent while the majority of the market is registering greens. Meanwhile, its liquidity is consistently getting a boost with new trading pairs and listings. Additionally, TransferGo, Ripple partner currently using xCurrent is working on xRapid to connect Europe.
XRP Defying the Market
The world’s second largest cryptocurrency XRP is currently trading in the red by 1.49 percent at $0.4439 while the majority of the crypto is in the green, for now. With a market cap of about $18 billion, it is currently managing the daily trading volume of $1.13 billion. It has further extended the market cap difference with Ethereum (ETH) to about $3.7 billion.
XRP 7-days price chart, Source: Coinmarketcap
XRP is surely defying the market sentiments as when the market was under deep correction, XRP has been in the red either marginally or registering greens intermittently. It can be seen in the top cryptos price movement shown below:
Meanwhile, XRP is constantly adding exchanges to boost its liquidity. Crypto enthusiast Leonidas who is constantly updating the community of all the XRP and Ripple related information shared different exchanges supporting XRP on their platform.
Brazilian exchange, NovoDAX will open XRP/BRL trading on 11/16/201. Another exchange Bit-Z will be adding XRP on November 22 with a USDT pair while Hong Kong-based ExLand will also be adding XRP/USDT pair. Gate.io is listing XRP in CNYX market.
In another instance, TransferGo, a registered payment service provider shared that the company currently using xCurrent is also working on XRP-powered xRapid to connect Europe. XRP enthusiast and Hodler, Giampaolo tweeted about this with a response from TransferGo team,
Already a Ripple client for cross-border settlement, TransferGo CEO Daumantas Dvilinskas had shared at the Swell event, “We just launched our first xCurrent transactions from everywhere in Europe to India through a partnership with Axis Bank. Ripple helped us build and manage this relationship.” It has resulted in 315 percent of growth and now the company is planning to leverage xRapid.
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Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.