Leading Singapore-based crypto exchange, Bitrue, promises to support XRP irrespective of market conditions.
In a recent X post, Bitrue emphasized its willingness to stand by XRP whether the market is bearish or bullish.
XRP Takes Huge Blow Amid Market Downturn
The market is currently in a bearish condition, as prices of various digital assets, including XRP, have plummeted heavily over the past week.
Data from CoinMarketCap shows that XRP has dipped 6.3% over the past week and 11.58% in the monthly charts. XRP’s price has plunged from a monthly high of $0.5321 to a low of $0.4636. At press time, XRP is trading at $0.4665, reflecting a decline of 1.76% in the past day.
Despite the massive collapse of XRP’s value, Bitrue is still optimistic about the coin’s potential for enormous growth, as indicated in the rocket emoji attached to its post.
Bear or bull, we'll always stand by #XRP 🚀
— Bitrue (@BitrueOfficial) June 26, 2024
Importance of Community Support to XRP Prominence
In a follow-up tweet today, Bitrue noted that despite people’s opinions about XRP, the asset still retains a spot among the top 10 cryptocurrencies by market cap. Currently, XRP stands as the seventh-biggest crypto with a market cap of $25.99 billion.
The exchange emphasized the importance of community support, suggesting that this collective effort is instrumental in XRP’s success in the market.
No matter what people say, #XRP is still in the top 10 cryptocurrencies of today..
..And that all our support matters! ❣️
— Bitrue (@BitrueOfficial) June 27, 2024
Bitrue’s Unwavering Support for XRP
Since last year, Bitrue has been supportive of XRP, speculating that the coin would witness a parabolic run. It has actively promoted XRP as a lucrative financial instrument, emphasizing the importance of gaining exposure.
For instance, Bitrue urged investor with uncertain investment decisions to go all-in on XRP earlier this week.
In addition, the exchange’s support for XRP extends beyond its positive remarks on X. Notably, XRP has been paired with top crypto assets on Bitrue, with the number of supported XRP spot trading pairs surpassing 90, including XRP/USDT and XRP/BTC.
Moreover, Bitrue often introduces giveaway events to celebrate the addition of new XRP trading pairs. In March, it announced a trading competition focusing on eight XRP trading pairs, with users sharing a prize pool of $50,000.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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