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This Important Crypto Exchange Lists Ripple's XRP After BONK

  • Ripple's native coin is under selling pressure due to the cryptocurrency market crash.

  • According to the company, BitMart's platform will list Ripple's XRP (XRP/USDT). The deposit feature will be accessible on January 5, 2023.

06-Jan-2023 By: Sudeep Saxena
This Important Crypt

Due to the recent fall of the cryptocurrency market, there is significant selling pressure on Ripple's native cryptocurrency.

Growth of Ripple's native cryptocurrency, XRP, has been constrained by the ongoing lawsuit brought by the US SEC. XRP has to be removed from multiple cryptocurrency exchanges due to this US watchdog's action. In the most recent development, a major cryptocurrency exchange has chosen to list the XRP token despite the pending litigation.

Will this update cause a spike in XRP price?

Ripple's XRP (XRP/USDT) will be listed on BitMart's platform, according to the company. Beginning January 5, 2023 at 7:00 AM, the deposit feature will be accessible (UTC).

Due to the recent crash in the cryptocurrency market, XRP is currently seeing strong selling pressure. In the past 60 days, the price of Ripple's native coin has dropped dramatically by 30%. However, the price of XRP recovered as crypto whales gathered a sizable amount of the currency in response to the case between Ripple and the SEC's favorable conclusions.

At the time of publication, XRP is trading for an average price of $0.3419. Its $715 million 24 hour trading volume decreased by 4%. The market capitalization of Ripple's native cryptocurrency is currently $17.1 billion or more.

BONK price has increased by 4000% in the past week.

Prior to this, BitMart announced the listing of the newly popular cryptocurrency BONK (BONK). Trading for the platform's BONK/USDT pair.

According to CoinGabbar, the price of BONK has risen by 4333% in the last week. The first meme cryptocurrency built on the Solana blockchain has proven to be the primary driver of the recent increase in the price of Solana.

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