Ripple Rockets: XRP Price to Jump $1 with Binance USDT Support

With the bullish trend in the market, Ripple XRP Price  is registering significant gains as it comes close to touching $1 price value.
By Casper Brown
Updated October 24, 2024
xrp price

With the bullish trend in the market, Ripple XRP price is registering significant gains as it comes close to touching $1 price value. With Binance adding the XRP/USDT trading pair, XRP seems to have a good weekend ahead.

Advertisement
Advertisement

Binance adds XRP/USDT trading pair, Ripple surges to $0.9

Ripple has been making a lot of news recently with its partnerships and developments. And now the biggest cryptocurrency exchange by 24-hour trading volume, Binance has added the XRP/USDT trading pair that has the Ripple community elated.

With USDT being a stable coin, XRP investors would get to benefit from less volatility along with fewer fees as well. Now, instead of having it converted into BTC, XRP users can have a much better selling option.

In the events of the market correction, when the prices start falling down, investors look for stability. Now, users have the option to place a sell XRP order directly for USDT and play it safe.

The new trading pair pushed the XRP price to rise 6.42 percent and reach $0.9 value. The $1 price has been a threshold for XRP that has been pretty hard for it to cross over. However, right now the market is experiencing a healthy trend and registering solid gains.

Being so close to the $1 price level, if this bullish momentum stays in the market, we would be seeing this crossover very soon.

Also, read: IOTA Bull Rally: MIOTA Registers Strong Price Gains with Huobi Listing

Ripple on a continuous bull momentum, $1 a likely possibility

Ripple is one of the most active cryptocurrencies in the market that is always in the news. Just recently, the Bank Dhofar in Oman joined the RippleNet in order to enable the international payments.  

Not to mention, Ripple’s xVia technology is going to be adopted by a number of payment firms viz. MoneyMatch, FairFX, Exchange4Free, UniPay, and RationalFX. This week, Koinex exchange and Revolut also added XRP to their platforms expanding its market share.

Santander, the Spanish banking giant recently launched OnePayFX by utilizing Ripple’s technology for cross-border payments which the company is planning to open to non-banking customers in future that is only going to further stimulate XRP prices.

Despite coming under the spotlight of UK Parliament where it was accused of raising various red flags, XRP is seeing a good bull momentum. Though XRP took a dip at that time, it is yet again in the gainers’ list and closes to achieving the $1 mark.

With the weekend here, it is to be seen if XRP will be able to maintain the price surge. Given the upward trend in the market, $1 is a likely possibility. The upcoming developments certainly show a good support.

Do you think the weekend will see XRP price closing the gap to $1? Share your thoughts with us by commenting below!

Advertisement
Casper Brown
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.