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Japan-based SBI VC announces liquidity for BTC, ETH and XRP trading; Ripple {XRP} drops after a day

Bitcoin

A cryptocurrency and bitcoin exchange organization, SBI VC Trade, has kicked-off VCTRADE Pro, which will bring about constant liquidity for the market.

XRP/JPY, BTC/JPY and ETH/JPY are the the trading pairs available on the Pro platform. No Maker or Taker fees are linked to transactions [fees for transfers aren’t there either, which is bound to increase adoption].

Ripple is ranked at #3 on coinmarketcap. The price of XRP sunk by 2.14% in the course of the past 24-hours. For now, XRP is priced at $0.313920. The supply has 42,872,646,068 XRP tokens in play as of this moment. The trading volume recorded is $959.703 million. The total market cap of Ripple is $13.458 billion.

Ripple has seen many banks joining their ecosystem and using the various solutions offered by RippleLabs such as xRapid, xCurrent, to name a few. A day ago, XRP was in the green zone, but seller became active yet again. The supply in play has grown slightly during the previous week.

While BTC had crossed the $10,000 level, there are many barriers for XRP on the path to greatness. A high of $0.509 was reached on 22nd June, a day which had seen many coins scale new heights. However, since then, according to the chart on tradingview, bearish pressure has been prevailing for XRP. S

Support for XRP exists near $0.229 and $0.305. Although, so far resistance has been able to hold back the coin. Major barriers can be felt near the $0.328 and also near $0.34. A proper high was last found on January 4th, 2018, when the value of XRP had skyrocketed and reached $3.65. Since then, the token has been greatly bearish even though partnerships and initiatives have not slowed down one bit.

The MoneyGram deal was crucial for the Ripple network. The UBRI project will help thousands across the world [youngsters with a inclination towards cryptocurrencies] to know more about blockchain technology and its applications.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.