- Bittrex became the latest exchange to cut ties with XRP
- Ripple is testing major support at $0.20
The cryptocurrency exchanges and other companies continue delisting or suspending XRP trading due to the legal complications created around the digital currency after the US financial regulator’s lawsuit against Ripple. Initially only small exchanges decided to end their relationship with the XRP token, however recently they were joined by major companies like Coinbase, which is also planning for an initial public offering (IPO) in the US. Digital payment platform Wirex which also provides cryptocurrency debit and credit cards confirmed that it would exclude XRP from the US launch. Bitcoin Swiss informed its clients that XRP trading will be temporarily suspended. One of the most prominent companies that joined this group is Bittrex which is known for listing almost all digital currencies. “Bittrex will remove XRP markets on Friday, January 15th, 2021, at 4 PM (PST),” the exchange noted. “Until further notice, customers will continue to have access to their XRP wallet on Bittrex after the markets are removed.” Other prominent exchanges like Binance and Huobi are still listing the digital currency, however it cannot be ruled out that both companies will also follow in the footsteps of Bittrex, which could put further pressure on Ripple.
Ripple’s marketcap has dropped by 66% since the SEC announced the charges December 22. XRP is hovering around $0.20 after a massive sell-off to $0.17 on Tuesday. The token needs to break above $0.30 to mitigate the current bearish pressure. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
