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

KuCoin exchange adds support for XRP as traders are given a 99% discount on trading fees.
XRP/USD gives a blind eye to Singapore-based KuCoin support as fresh declines commence.

John Isige FXStreet

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.

XRP/USD 15-minutes chart

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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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