Despite a Gain of 63%, the XRP Price is Expected to Skyrocket for the Following Reasons
Since the ruling came out, every major cryptocurrency exchange has declared that XRP will be listed or relisted.
Ripple’s native cryptocurrency, XRP, gained prominence as a market leader after successfully arguing that it is not a “Security” with the U.S. Securities and Exchange Commission (SEC). The summary verdict in the Ripple lawsuit, which had been highly expected, caused the XRP price to increase by 70% in a single day. According to the numbers, though, this price increase may only be the beginning for the coin.
After the U.S. district court issued its summary ruling in the Ripple lawsuit on July 13, 2023, trading activity for XRP increased, as reported by Leonidas, a cryptocurrency data curator. Trading volume for XRP skyrocketed to almost $10.4 billion. Although this is a huge sum relative to the token’s history, it was really only the 76th biggest daily trading volume ever recorded on CMC.
On April 6th, 2021-2021, XRP’s trade volume peaked at around $36 billion. The day’s trading finished at roughly $1.09 per token, after which it had spiked to a high of $1.11. It’s worth noting that in 2021, XRP could be bought and sold on virtually every U.S. cryptocurrency exchange.
To Raise Its Value, Why Not Relist It?
The allegations made by the US SEC against Ripple and XRP have hurt the token’s standing and made it harder to get. Coinbase, the largest cryptocurrency exchange in the US, and others have delisted the XRP token. Meanwhile, the defendants now have more information on the legality of XRP, leading to a huge price increase.
Since the ruling came out, every major cryptocurrency exchange has declared that XRP will be listed or relisted. Token’s future is set to be significantly altered by imminent changes.
The value of XRP has increased by over 6.72% in the past day. At this time, the average price of XRP is $0.772. The average daily trading volume is $3.4 billion.
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Where to Trade XRPUSDT Futures?
Now you can trade XRP futures on BTCC. BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. BTCC is a crypto exchange offering users liquid and low-fee futures trading of both cryptocurrencies and tokenized traditional financial instruments like stocks and commodities.
BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to 15,000 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels. Find out what campaigns are available now: https://www.btcc.com/en-US/promotions
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Why Trade XRPUSDT Futures on BTCC
To trade Ripple (XRP) futures, you can choose BTCC crypto exchange.BTCC was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone.
We specializes in crypto futures contract trading, offering perpetual futures contracts. The maximum leverage offered by BTCC for daily futures contracts is 150x. The vast variety of futures offered by BTCC accommodates the trading habits and objectives of both novice and seasoned traders.We offer the USDT-margined futures and Coin-margined futures . Users can trade futures using USDT or cryptos like BTC, ETH, and Ripple (XRP). And Large orders of up to 300 BTC can be executed at the top price levels.
Here are the main advantages of using the BTCC crypto exchange to trade Ripple (XRP) futures:
- Largest variety of futures: Daily and Perpetual futures
- Flexible leverage from 10x to 150x
- Lowest trading fees 0.03%
- Industry-leadingmarket liquidity
- Plenty of campaigns to win exciting rewards
BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to 3,500 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels.
BTCC also provides many campaigns and you can participate to win exciting rewards. Find out what campaigns are available now: https://www.btcc.com/en-US/promotions.
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How to Trade XRPUSDT Futures on BTCC ?
To trade XRPUSDT Futures on BTCC, follow these simple steps:
- Create an account
Go to the BTCC website and fill out the registration form with the necessary details. Finish the checks to make sure you’re in line with the stock exchange’s rules.
- Deposit funds
Fund your BTCC wallet once your account has been created and verified. You can fund your BTCC account with a number of different cryptocurrencies and fiat currencies.
- Navigate to the crypto trading section
You can begin trading on the BTCC platform as soon as your account has been funded. Find the crypto exchange rate, which is written as crypto/Bitcoin (BTC) or crypto/US Dollar (USDT) depending on the other pairs available.s.
- Choose your trading type
Both spot trading and futures trading are available through BTCC. If you want to purchase or sell crypto tokens at the current market price, you may want to investigate spot trading. If you’d rather trade crypto with leverage and speculate on its price movements, you can do so with crypto Futures.
- Place your trade
After deciding which type of deal you want to make, you can enter the amount of crypto you like to buy or sell, as well as your preferred price (if necessary). If everything checks out, go ahead and make the deal.
- Monitor and manage your trades
Be sure to monitor your crypto holdings on the BTCC exchange. To limit losses and protect gains, you can use stop-loss and take-profit orders. It is also important to keep up with the latest crypto market trends and news if you want to successfully trade this cryptocurrency.
Before becoming involved in any kind of trading, make sure you’ve done your homework. Due to the extreme volatility of the cryptocurrency markets, it is crucial to have a well-defined trading strategy and risk management framework in place. To successfully trade crypto on the BTCC market and take advantage of the chances it provides, follow these procedures and keep yourself updated.
How to Trade Tether (USDT) on BTCC
- Mobile App
- 1. Download the BTCC App via App Store or Google Play
- 2. Register and verify your account, or log in to your BTCC account.
- 3. Tap ‘Buy Crypto’.
- *Please note that only verified users are eligible to buy crypto on BTCC.
- 4. Enter the amount you would like to buy in USDT.
- 5. Select a service provider and proceed to payment.
1.Is BTCC safe?
Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors. Measures consist of things like a robust verification process, two-factor authentication, etc. It is considered one of the most secure markets to buy and sell cryptocurrencies and other digital assets.
2.Is it possible for me to invest in BTCC?
Users are encouraged to check if the exchange delivers to their area. Investors in BTCC must be able to deal in US dollars.
3.Can I Trade BTCC in the U.S?
Yes, US-based investors can begin trading on BTCC and access the thriving crypto asset secondary market to buy, sell, and trade cryptocurrencies.