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.
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.
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!
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.