The Ripple market trajectory in the second half of 2019 contrasts with the entire cryptocurrency market. In September, the XRP rate doubled and returned to April figures, despite a general correction. In November and the first half of December, the price of cryptocurrency fell in unison with everything with the market, but closer to Christmas, Ripple even managed to return to the level of 0.40 USD for one coin.
According to the leading analyst of RoboForex Dmitry Gurkovsky, the cost of XRP to the end of 2018 can reach 50 cents due to the current uptrend. However, in his analysis, he notes that in the coming days, the descent to the main support line (0.32 USD), with which the rally began on December 17, is more likely. And after that we should expect a new uptrend.
The first month of 2019 should be a success for Ripple. On December 24, the executive director of the largest cryptocurrency exchange Binance, Changpeng Zhao (Chanpeng Zhao, @cz_binance) announced that XRP had received the status of the underlying asset at the site. TRX / XRP and XZC / XRP pairs should appear in the near future.
Previously, only Bitcoin , Ethereum, Binance Coin and Tether had basic cryptocurrency status in Binance . As a result of this announcement, the Ripple rate increased by 20%. Fans of cryptocurrency even launched a flash mob on social networks.
Adding XRP to the list of underlying assets will significantly increase the turnover of the coin on the stock exchange and can serve as a catalyst for the growth rate, according to the industry. In theory, this move could allow Binance to move to support Fiat, since Ripple works with currencies from 70 countries.
Also in January, users of the large Japanese exchange VCTRADE will be able to display XRP. Earlier, the same platform added support for Ripple deposits along with BTC and ETH.