Ripple’s XRP 8 pairs live on KuCoin: XRP USD ignores support

Ripple has been gaining traction in the Asian market in the last few months. Beside Ripple’s entrance into the region with its financial solutions, its official digital asset has today landed support on KuCoin exchange.

The Singapore-based exchange has added support for 8 pairs of XRP. These include XRP/BTC, XRP/USDT, XRP/ ETH, XRP/PAX XRP/ TUSD, XRP/USDC, XRP/KCS and XRP/NEO. The support was announced via a blog post and note that deposits for all the pair had been opened. The exchange went ahead to provide a schedule for XRP orders with the “Buying order: 17:30 December 03, 2018 (UTC+8), Selling order: 18:00 December 03, 2018 (UTC+8) and “Withdrawal: 18:00 December 05, 2018 (UTC+8).”

In support for the new listing, KuCoin has announced a 99% discount on trading fees. However, the discount is only available for a limited amount of time beginning “December 3 (at 18:00) to December 10th, 23:59, 2018 (UTC+8).”

Ripple price technical picture

Ripple price has broken below the range support we discussed in an early published news article. The token has ignored the above support culminating in a sharp bear move below $0.358. It is currently trading at $0.3564 after dropping 2.9% on Monday. The trend is strongly negative at the moment with the path of least resistance being to the south. A correction above the range resistance at $0.3640 will pave the way for further movement heading to $0.4. Meanwhile, a support at $0.3560 is needed to stop the current trip downstream.

Read more:

Ripple courts Asia: $0.4 out of the picture

XRP/USD 15-minutes chart