Bitmart; A Major Crypto Exchange Lists Ripple Following BONK

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Ripple has been in a bear market for a very long time due to the dire state of the global cryptocurrency market and the lawsuit brought by the US Securities and Exchange Commission. The court action has also led to a sizable number of cryptocurrency exchanges delisting XRP or stopping all future efforts to list it.

However, Bitmart’s announcement that it will offer XRP for spot trading is positive news for XRP, as it is a well-known cryptocurrency exchange. It’s important to note that the price of BONK increased by more than 4000% in only seven days as a result of BitMart’s announcement of the coin’s listing a few days ago. This notion underlies the bullish responses of investors to BitMart’s listing of XRP.

Key XRP Levels To Watch – January 5

After the mid-term consolidation within the $0.5100 and the $0.4190 price levels, the market flipped bearish as lower lows and lower highs emerged. The fair value gap intersected with the supply zone at $0.4190, resulting in significant selling pressure at the zone.

This Major Crypto Exchange Lists Ripple’s XRP Following BONKThe selling pressure at the $0.4190 supply zone caused the price to dive downward and break the previous low as the market headed into the $0.3000 demand zone. According to the Stochastic indicator, the market is about to reach the overbought region, which will likely lead to a massive crash from the daily Fair Value Gap and the diagonal resistance.

Ripple Key Levels

Resistance Levels: $0.5100, $0.4190, $0.3730
Support Levels: $0.3000, $0.2350, $0.1690

Total Market Capitalization: $818.68B
XRP Market Capitalization: $17.11B
XRP Volume: $0.69B
Market Rank: #6

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.