Ripple price is in green light: Major Polish cryptocurrency exchange adds XRP to its platform

Listing announcement is well received as the price responds positively.
Ripple price must break above this critical level to experience further gains towards $0.75.

John Isige FXStreet

Ripple price is surging on Monday to record about 10% increase in value. Ripple along with other cryptocurrencies was under heavy selling pressure in the last week. The price of the crypto depreciated to record lows of $0.53 on Sunday evening. XRP/USD started a price recoil from the lows breaking above several resistance levels to trade at highs of $0.68.

In other news, BitBay, the most significant cryptocurrency exchange in Poland has added Ripple (XRP) and Infinity Economics Token (XIN) to its list of tradable assets. The announcement has been received well in the market because XRP/USD has been on an upside roll. The communication was made via a tweet by BitBay. The trading pairs available for Ripple traders include XRP/PLN, XRP/EUR, and XRP/USD.

Currently, Ripple is trading in a ranging channel between $0.68 and $0.62. The price is trading above the 100-simple moving average trendline which is sloping upwards. On the upside, the resistance level at $0.68 is in the path of recovery. Ripple price must break above this critical level to experience further gains towards $0.75. On the downside, the immediate support is at $0.57. If the price embarks on a downside movement and breaks below this level, Ripple could trade closer to the major support level at $0.53.

XRP/USD price hourly chart

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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