thecryptobasic.com
Prominent crypto exchange Bitrue continues to promote investment in XRP despite the downturn witnessed across the broader market.
The exchange issued its latest XRP endorsement in a tweet today. Bitrue encouraged investors who are uncertain about which cryptocurrency to invest in to commit their capital to XRP completely.
“When in doubt, go all-in #XRP,” the exchange remarked in an X post today.
Interestingly, Bitrue attached a rocket emoji to the tweet, suggesting that XRP could be primed for a significant rally.
XRP Enthusiasts React
Expectedly, the post elicited mixed reactions among XRP enthusiasts, with many characterizing the tweet as a ‘bold’ endorsement.
That's bold ….
— Duncan_09 (@Duncan30414908) June 25, 2024
Other X users said they might sue Bitrue if the exchange’s endorsement of XRP does not yield positive results.
I'm in doubt, I'm going all in on xrp, and if this dosent work I'll be suing you.
— Novindu 🌸 (@novindu) June 25, 2024
Bitrue Support for XRP
Bitrue is an unapologetic XRP enthusiast, promoting its adoption more than any token listed on its trading platform. The exchange had issued multiple statements endorsing XRP as a suitable investment vehicle.
Bitrue usually asks the community to indicate their readiness to welcome the highly anticipated XRP rally during a price surge. The exchange also declares its commitment to stand with XRP regardless of any circumstance in which the coin finds itself. This is reflected in the ‘XRP Forever’ statement the exchange issues occasionally.
#XRP forever 🫡
— Bitrue (@BitrueOfficial) November 28, 2023
In addition to endorsing XRP via its statement, Bitrue has introduced multiple pairs for the Ripple-affiliated cryptocurrency. As of March, the exchange boasts 93 XRP trading pairs, including XRP/SHIB, XRP/BTC, XRP/USDT, and XRP/PEPE.
XRP Witnesses Massive Dip Amid Bloodbath
Meanwhile, the Bitcoin-led market bloodbath has wreaked havoc on the prices of major cryptocurrencies, like XRP. With BTC crashing 7.45% over the past seven days, XRP has also lost 6.3% of its value in the same timeframe.
The coin is currently priced at $0.4762, marking an increase of 0.11% over the past day. Conversely, data from CryptoRank shows XRP is down 23.1% year-to-date (YTD), 11.3% in the past month, and 8.57% month-to-date.
At the moment, XRP boasts a 24-hour trading volume of $1.1 billion. With a market cap of $26.5 billion, XRP ranks as the seventh-biggest cryptocurrency by market cap.