XRP Price Surges As Trading Goes Live on CoinSquare
Ripple is one among the few cryptocurrencies trading in the green on the first day of August. The market is highly bearish led by the King of digital assets, Bitcoin (BTC) which plunged from trading above $8,000 to exchange hands slightly above $7,500.
Coinsquare crypto trading platform announced on July 31 that it has added XRP. Although the platform is still at the beta trading stage, trading XRP is already live. Coinsquare gives the users the ability to purchase XRP tokens using traditional fiat currencies. Moreover, XRP can be exchanged with various fiat currencies listed on the platform.
#XRP is now live – in beta – on Coinsquare’s platform
During the beta, you can:
– Fund your account with XRP
– Buy XRP with fiat or cryptocurrency
– Trade XRP for fiat or other cryptocurrencies
— Coinsquare (@Coinsquare) July 31, 2018
The crypto exchange is based in Canada and as mentioned before enables crypto to fiat trading. The exchange is still in the testing phase, therefore, users can trade but withdrawals are not currently allowed.
XRP/USD rose 6.25% in less than half an hour from $0.435 to $0.464 following the announcement. Although it corrected lower and broke the short-term support at $0.450 after hitting the ceiling at $0.464, the next support target at $0.4450 held ground. Ripple bounced back up again from the support but could not clear the resistance at $0.4550. The cryptocurrency is currently trading at $0.4464 representing a gain of 4.64% in the last 24 hours.