XRP price will most likely increase as Ripple will be included on high-ranked Dubai’s cryptocurrency exchange.
After going down from above $3 to $1.04 in mid-January, XRP recovered to around $1.30 recently, but may soon go up, as BitOasis, the top Asian crypto exchange will list the XRP.
A the moment, only Bitcoin and Ethereum are present on BitOasis, so when the XRP will be added on January 30th, it will be part of an exclusive digital assets group on the top-ranked Dubai exchange.
“We’ve decided to introduce XRP trading to meet the increased demand from our customers to add the list of major cryptocurrencies and digital assets offered on our platform,” said BitOasis’s representatives in the statement released on January 28th.
Since it is the major and fast-growing company in the blockchain field in Asia, BitOasis is always up to respond to their customers’ demands as now its clients can exchange Bitcoin, Ethereum, and since January 30th, Ripple.
The news of Ripple introduction on the BitOasis platform made its price to go up to over $1.4, on Sunday, just to get back at $1.3, on today’s afternoon.
Ripple (XRP) is ranked #3 among all the cryptocurrencies right behind Ethereum (2nd place) and Bitcoin (1st place). However the price differences between the top 3 crypto coins are huge, as 1 XRP costs $1.3, 1 ETH is $1,197, and 1 BTC is $11,368.
XRP is a very volatile digital asset, a fact that is proven by the recent sudden ups and downs of the coin’s price.
As the BitOasis will list XRP on Tuesday, Ripple investments might return some profits after showing problems during the last weeks. But we shall wait and see how much ‘value’ will the XRP listing on the top-ranked Dubai cryptocurrency exchange bring on the asset’s price.