XRP Surges Above $0.2 Following Binance’s Recent Move – Market Outbreak Begins
There’s a crypto market outbreak that’s taking place while we speak, and Bitcoin is leading a rally.
The most important coin in the market is racing to $8,000, and, just as we reported earlier today, it seems that there are strong signs of accumulation.
More than that, according to indicators, BTC might be even hitting $9,000 before the end of January.
At the moment of writing this article, BTC is trading in the green and the most important coin in the market is priced at $7,914.07. The other digital assets follow suit.
XRP surges by 10%
Yesterday, Ripple’s XRP surged by 10%.
After Binance seems to have been on a rollback in 2019, they don’t seem to be stopping this year with new features on its platforms.
The company recently revealed that they would be adding XRP/USDT as a new perpetual contract trading pair, and the leverage will be up to 75x.
The priced surge in the past 24 hours by about 10%.
Binance reveals the addition of new trading pair
The online publicaiton CryptoPotato revealed that Binance unveiled just the other day the addition of the newest trading pair on its Futures platform.
XRP/USDT is the forth perpetual contract that Binance Futures offers to its clients, besides Bitcoin, Ethereum, and Bitcoin Cash.
It’s also worth noting that with this new addition, all users will have the ability to choose the leverage they want, which will start from a minimum of 1x to a maximum of 75x.
At the moment of writing this article, XRP is racing in the green and the digital asset is priced at $0.217250. As you can see, the coin managed to surpass the level of $0.21.
There are a lot of optimistic crypto predictions these days in the crypto space.
On the other hand, Ripple is not necessarily focused on the prices of digital assets, and Brad Garlinghouse said more than once that there are more important issues to focus on these days in the crypto space: adoption, tech, real-world use cases and more.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.