$1 Looming As Binance Introduces Ripple XRP/USDT Trading Pair
Binance, with over 300 trading pairs, has announced it has added XRP/USDT trading pair. The development has given Ripple (XRP) a slight move towards the North.
With Binance adding XRP trading Pairs the price of Ripple is expected move toward the north massively, or at worst uptick.
In the last 24 hours, the price of Ripple has increased by 5.75%, with its trading value pegged at $0.904. It appears Ripple is receiving more attention since it was added to Binance because the cryptocurrency has managed to remain slightly at a fixed value in the last 7 days.
At the press time, Ripple trading volume is now at $996 Million, and its market capitalization is at $32.25 Billion. There is possibility that Ripple achieves its much anticipated $1 today or anytime soon.
Earlier, Revolut, a United Kingdom based global banking alternative also revealed it will be adding Ripple (XRP) any moment. The declaration informs that with a normal Revolut account, crypto enthusiasts have the opportunity to purchase cryptocurrencies by just connecting their UK bank accounts to Revolut protocol, while allowing the platform users the privilege to convert crypto to any fiat currency they wish without any form of hindrance.
Ripple has tried hard to get listed on the most popular exchange, Coinbase, but all efforts, including alleged financial inducement, were futile. The listing would have been a major boost for the cryptocurrency.
Ripple team are trying to move ahead and present a digital coin that will be number one, like bitcoin. The team behind the coin sees partnering with banks and fintechs as possible boost, however, there has been no significant improvement for the altcoin.
In a bid to bring more growth to Ripple, the financial firm recently invested in ideas that can create growth in its ecosystem. Ripple is coasting different industries. The team behind Ripple are eyeing international banks, or possibly become the bank of banks.
Among all coins, Ripple is the first and the only crypto to believe in security regulations. The CEO, Brad Garlinghouse says “Regulators are behaving as they should to make sure we have regulation around KYL and AML. There are reasons for that. If exchanges are trying to circumvent KYC requirements, [regulators] should come in and enforce that.”