Ripple’s XRP aims for Binance base currency

Ripple community asked to pitch XRP to Binance as a base currency.
Ripple intends to stay in the second position after dethroning Ethereum.

John Isige FXStreet

Ripple has been attracting attention to itself in the recent times. One of the most exciting ground breaking achievement in the recent is when XRP dethroned Ethereum (ETH) to claim the second position in the market. Importantly, Ripple price has remained to be one of the strongest altcoin in the market. It has been able to nicely weather down the widespread declines in the market since mid-last week. As Bitcoin continues to explore new annual lows, Ripple found balance at $0.44 before resuming the trend above $0.5. Ethereum price, on the other hand, has stood out today with a colossal drop testing $150.

More on Ethereum price woes:

Ethereum price heads for new 2018 lows: ETH/USD plummets 12%

Ripple and its community have in the recent times been encouraging Binance, the world’s largest crypto exchange company to add XRP as a base currency. In line with this request, the CEO of Binance, Changpeng Zhao took to Twitter to test the strength of the community and requested them to pitch to him and give reasons why they think XRP should get such a massive recognition on the exchange. The tween he sent read:

“The xrp base shill is strong. Let's get it out of your system, and put all your shills under this one tweet, and let's see how much we get.”

If XRP can get this kind of support, where it will be paired with every currency on Binance. The impact in the market will be incredible not only for the Ripple community but also for entire altcoin community. It means that that the numerous swings in Bitcoin price will no longer be an issue and the traders and investors can take advantage of the fast XRP transactions to transfer value from exchange to exchange.

Ripple price technical picture

Ripple is trading at $0.47 following an intraday drop below $0.5. Over the weekend, XRP/USD traded above $0.25 but lost steam before clocking $0.53. The market resumed the last week’s declines on Monday resulting in XRP/USD controlled break down that found support at $0.46. A recoil above $0.5 is what the bulls require for sustained growth heading to $0.6.

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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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