Bitrue, a prominent cryptocurrency exchange, remains steadfast in its support for XRP despite the recent downturn in the overall market. In a tweet today, the exchange encouraged investors who are unsure about which cryptocurrency to invest in to go all-in on XRP. They even added a rocket emoji, hinting at the potential for a significant rally.
Naturally, this tweet sparked mixed reactions among XRP enthusiasts. Some praised Bitrue for its bold endorsement, while others threatened to sue the exchange if their support for XRP didn’t yield positive results.
Bitrue has consistently shown its enthusiasm for XRP, promoting its adoption more than any other token on its platform. The exchange frequently asks the community to express their readiness for an anticipated XRP rally during price surges. They also affirm their commitment to stand with XRP regardless of its circumstances, as evidenced by their occasional “XRP Forever” statement.
In addition to their endorsements, Bitrue has introduced numerous XRP trading pairs on their platform. Currently, they offer 93 XRP trading pairs, including XRP/SHIB, XRP/BTC, XRP/USDT, and XRP/PEPE.
Unfortunately, XRP has not been immune to the recent market bloodbath led by Bitcoin. With BTC experiencing a 7.45% decline over the past week, XRP has also lost 6.3% of its value during the same period. Currently priced at $0.4762, XRP has seen a slight increase of 0.11% in the past day. However, its year-to-date performance shows a 23.1% decrease, with an 11.3% decline in the past month and an 8.57% drop month-to-date.
Despite the recent challenges, XRP maintains a 24-hour trading volume of $1.1 billion and a market cap of $26.5 billion, making it the seventh-largest cryptocurrency by market cap.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. The views expressed in this article are solely the author’s and do not reflect the opinions of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses.