India’s “safest exchange” Coinome recently added support for the trading of Ripple’s XRP token. They announced support on Twitter earlier today.
It is possible for investors to deposit XRP tokens onto the exchange, with the coin being offered in two pairs for trading. The XRP-INR pair will begin trading at 1 PM IST, with the XRP-BTC pair releasing at 5 PM IST on 30th May.
The tweet in question said:
“The Wait is Over, Ripple is now LIVE on Coinome. Deposits are now open, and XRP/INR trade will start at 1 PM, followed by XRP/BTC at 5 PM tomorrow (30th May). @Ripple @CoinomeOfficial.”
User Flat____ said:
“Love that you started with XRP!”
Twitter user ecent said:
“$XRP, not Ripple. One is a digital asset and the other is a company who creates software that supports that digital asset. Great news regardless!”
User Manoo said:
“add mote coins you guys are better than Zebpay and Koinex..”
The price of the token rallied after a roller-coaster week of declines and gains. An overall bearish trend was observed in the market over the last two weeks, with most coins taking nosedives. XRP was no exception, as it saw prices as low as $0.55 earlier this week.
After starting the week off at an already low price of $0.63, the coin took a huge hit down to $0.59 on May 23rd. It recovered and continued trading around the low $0.60s, hitting a high of $0.63 on May 25th.
After declining to around $0.57 from $0.60 on May 28th, the coin further dropped from $0.57 down to $0.55, a low not seen since the bearish market of April.
A surprise rally saved the price of the coin, however, as it quickly gained its lost momentum and rallied up to $0.60, and then $0.62 within the span of 9 hours between May 29th and 30th. It is currently trading at $0.61, with a 0.25% increase in the past hour at the time of writing this article.