The cryptocurrency market is currently experiencing one of the most brutal bear attacks, wherein all the big coins, such as Ethereum [ETH], Stellar Lumens [XLM], Litecoin [LTC], EOS, Cardano [ADA], Monero [XMR] and Tron [TRX] have slumped by more than 10%. Here, Bitcoin [BTC] also broke below $5,000 amidst the bloodbath witnessed by the market.
However, XRP, which is now the second-largest cryptocurrency in the world after surpassing Ethereum’s market cap is absorbing most of the damage and is only down by 4%. At press time, the coin was trading at a decent price of $0.49 with a market cap equivalent to $19.8 billion. The total 24-hour trading volume was observed to be $1.2 billion.
Throughout the day, XRP underwent wild fluctuations. The lowest point that the token was traded at was $0.47. Post this slump, XRP showed much courage and returned to its game. Here, it took a flight and jumped back up to trade at $0.51 where its market cap was $20.2 billion. At present, the coin has maintained its momentum by setting a support line from $0.43 to $0.47.
XRP has also been in talks regarding being listed as a base pair on the leading cryptocurrency platform, Binance. Changpeng Zhao, the Founder and CEO of the platform recently tweeted the procedure for requesting the listing of a coin on Binance. Here, his tweet read:
“The xrp base shill is strong. Let’s get it out of your system, and put all your shills under this one tweet, and let’s see how much we get. “
C3|Nik, a blockchain follower and an XRP fan also wrote regarding the issue and said:
“[email protected]_binance The 2nd biggest crypto asset by market cap is not offered as a base trading pair on @Binance
There is a good opportunity there to provide more value to your customers.”
Many also believe that Binance will be benefitted by adding XRP as a base pair because of Ripple’s cross-border payments product, xRapid that uses the cryptocurrency. Furthermore, this move by Binance is expected to add value to its customers and become an xRapid preferred platform.
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