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According to Bitrue, the Clarity Act Will Have a Positive Impact on XRP. Here’s why

Zaccheaus Ogunjobi — Tue, 07 Apr 2026 16:05:45 +0000

Financial markets often react first to regulation long before laws take full effect. In the digital asset sector, where classification uncertainty has historically shaped pricing cycles, even proposed legislation can shift liquidity expectations and investor behavior. The growing discussion around the Digital Asset Market Clarity Act (H.R. 3633) has now entered that phase, where anticipation itself becomes a market driver.

SMQKE, in a post on X, reports that Bitrue views the Clarity Act’s momentum as giving XRP a “regulatory edge” over competing digital assets. This interpretation frames XRP as a potential beneficiary of clearer U.S. classification rules, particularly as policymakers continue refining the boundary between securities and commodities in the digital asset market.

Regulatory Clarity Reshapes Market Structure

The Digital Asset Market Clarity Act seeks to establish a federal framework that distinguishes digital commodities from securities. Market analysts interpret this effort as an attempt to reduce enforcement ambiguity that has long influenced how exchanges list assets and how institutions approach exposure.

In this environment, clearer definitions would directly affect compliance strategies across trading platforms, custodians, and asset managers. SMQKE highlights Bitrue’s view that XRP stands to benefit from this shift due to its established role in cross-border payment infrastructure and its long-standing presence in regulated market discussions.

Institutional Participation and Liquidity Expansion

Market structure typically changes when regulatory uncertainty declines. Institutions often avoid assets with unclear legal classification due to compliance risk and potential enforcement exposure. When regulators define asset categories more precisely, institutional capital tends to enter more confidently.

In the case of XRP, observers link regulatory clarity to increased liquidity depth, broader exchange access, and improved participation from traditional financial entities. These factors often influence both volatility patterns and long-term valuation stability, especially in assets tied to real-world payment utility.

ETF Narratives and Market Perception

Analysts also connect regulatory progress with the exchange-traded fund (ETF) development. While approval remains dependent on separate regulatory processes, clearer asset classification strengthens the structural case for such products.

Market participants frequently position XRP within this conversation due to its visibility in institutional payment corridors and its long-standing trading history across major exchanges. SMQKE’s referenced Bitrue commentary aligns with this broader narrative, where regulatory clarity becomes a prerequisite for expanded investment product development.

Competitive Positioning within the Digital Asset Market

SMQKE also notes comparative discussions where XRP appears favorably positioned against assets such as HBAR and XDC in regulatory classification scenarios. These comparisons focus less on technological differences and more on how legal frameworks define market eligibility for institutional adoption.

In conclusion, the Clarity Act remains a legislative proposal, but its market influence already extends into expectations and positioning strategies. As SMQKE reports from Bitrue’s perspective, XRP could gain a structural advantage if policymakers finalize clearer classification rules. In that scenario, regulatory certainty would not merely reduce risk—it would actively shape capital flows, institutional participation, and the asset’s long-term market trajectory.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Bitrue Drops Exciting XRP News

Zaccheaus Ogunjobi — Wed, 05 Nov 2025 00:00:11 +0000

Bitrue, a leading cryptocurrency exchange known for its long-standing support of XRP, has announced a large-scale promotional campaign that will distribute 420,000 XRP to eligible participants.

The initiative, which runs until November 13 at 04:00 (UTC), is designed to encourage increased activity on the platform through a mix of trading, staking, and referral-based participation.

Overview of the Campaign

The event, titled “Your Chance to 420,000 XRP”, gives both new and existing users multiple ways to earn XRP rewards. Participants can qualify by engaging in three key activities: trading and depositing XRP, staking their holdings, or joining Bitrue’s new XRP launchpool to multiply returns.

To be eligible for rewards, users are required to complete Bitrue’s Level 1 Know-Your-Customer (KYC) verification. The platform also clarified that any withdrawals during the campaign period could impact eligibility. All rewards from the event will be distributed within two weeks after the campaign concludes.

Deposit and Trading Event

The first component of the campaign centers on deposits and trading. Bitrue is offering incentives to users who deposit and trade at least 100 XRP on its spot market. A dedicated 250,000 XRP prize pool has been allocated for this event.

Additionally, Bitrue will provide a 20% welcome bonus to the first 500 new users who meet the trading and deposit requirements. The exchange defines “new users” as individuals who registered on Bitrue after January 1, 2025, and have not made any previous deposits.

Users can further increase their earnings by inviting others to join the platform, with referral bonuses of up to 50 XRP for each qualified trader introduced to Bitrue.

Staking Opportunities

The second part of the promotion focuses on staking rewards, offering users flexible and fixed-term options depending on their registration status.

New users can access a seven-day flexible staking plan with an impressive 80% annual percentage yield (APY) and guaranteed returns. Existing users can participate in a 15-day fixed-term staking option that offers 3% APY. These staking programs are designed to encourage long-term participation while providing steady incentives to holders.

XRP Launchpool for Multiplying Rewards

In the campaign’s third stage, Bitrue introduces a new XRP launchpool, which officially goes live on November 4. Both new and existing users can participate and earn up to 50% APY through this feature.

The launchpool allows participants to increase their XRP holdings without active trading, providing another route to accumulate rewards during the campaign period.

Bitrue has consistently positioned itself as one of the most XRP-friendly exchanges in the digital asset industry. Since listing the token in 2018, the platform has steadily expanded its XRP-related offerings, introducing over 90 trading pairs by March 2024.

In addition to regular trading services, Bitrue has previously hosted several XRP-specific promotions, including a $50,000 XRP giveaway in March 2024.

The latest 420,000 XRP campaign reinforces Bitrue’s ongoing confidence in XRP’s role within the broader crypto ecosystem and highlights the exchange’s commitment to fostering engagement within the community.

Through this event, Bitrue not only rewards active users but also continues to strengthen its connection to the XRP ecosystem, a relationship that has remained consistent through fluctuating market conditions.

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Top Exchange Asks What Price XRP Will Reclaim Next: XRP Army Responds

Solomon Odunayo — Sun, 06 Jul 2025 05:35:16 +0000

The question of XRP’s next price milestone has resurfaced as momentum builds within the digital asset’s vocal online community. Bitrue, a well-known crypto exchange and vocal supporter of XRP, posed an important question to the community: “What price will XRP reclaim next?”

The community shared varying targets, ranging from modest gains to highly optimistic forecasts, showing confidence in the asset’s future.

Wide Range of Expectations

Some community members expect a moderate rise, pointing to prices between $2 and $3. Specific projections such as $2.26, $2.28, $2.3, and more were repeated by several participants, indicating a belief that XRP will at least return to its 2021 range.

The asset is currently trading at $2.2. Analysts recently highlighted $2.25 as a crucial resistance level to watch. If XRP breaches this resistance, a short-term bull run could start.

Others forecast more aggressive price moves. One user suggested a return to $3 in the short term, $5 by November, and $10 by the end of the year. Another commenter pointed to $15.89 as the next target, and increasing institutional and retail demand could contribute to lofty targets like this.

Calls for New Highs and Discovery

Beyond specific figures, several replies conveyed a broader belief in XRP’s long-term potential. Multiple users declared that the next target should be the all-time high, with some expecting XRP to surpass it and enter a new phase of price discovery.

A few replies offered more strategic takes, with one user stating he plans to offload 25% of his XRP holdings at the $10 mark, suggesting that profit-taking expectations are already set around that level.

Skepticism Still Present in the Community

Not every response was optimistic. Some users placed targets below $1 or around current trading ranges. One reply suggested $0.8 as a near-term cap, while another pegged $1 as the most likely outcome in the short term, dismissing more aggressive targets.

These replies serve as a reminder that, despite the bullish tone among much of the community, a subset of XRP holders remains either waiting for more concrete market signals or skeptical of quick rallies.

XRP Community’s Confidence Remains High

While opinions vary, the overarching tone of the conversation remains positive. Many participants view XRP’s future through a long-term lens, with the belief that external factors such as regulatory clarity or broader market sentiment will eventually fuel sustained upward momentum.

One user summarized this mindset by stating that price is secondary to the broader movement XRP represents, tying value to utility and vision rather than daily fluctuations.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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XRP Holder Loses Thousands of Tokens on Bitrue. Here’s What Happened

Solomon Odunayo — Fri, 13 Jun 2025 14:54:10 +0000

A recent complaint from a prominent member of the XRP and Flare communities has brought renewed scrutiny to Bitrue, a Singapore-based cryptocurrency exchange.

The user, known online as “PapaBear,” alleges that thousands of XRP tokens were removed from his Bitrue account without his authorization, raising concerns about the platform’s internal security.

Investor Reports Loss of Over 2,000 XRP

The incident involved a reported loss of 2,045 XRP, valued at approximately $4,764. PapaBear stated that the transaction occurred shortly after he deposited the tokens for trading purposes. He emphasized that he did not initiate the withdrawal and that the destination address was unfamiliar.

He further clarified that his account was protected by multiple layers of security, including two-factor authentication via Google Authenticator, email verification through Gmail, and a six-digit PIN known only to him.

Given the complexity and sensitivity of these security measures, he believes it is unlikely that a third party could have independently accessed all of them. This led him to suspect that the incident may have involved internal compromise or insider involvement at Bitrue.

https://twitter.com/PapabearXRP/status/1932620805491536345

PapaBear’s concerns gained further traction after he posted a video and several tweets detailing the experience. He claimed Bitrue attributed the event to a hacking incident but failed to provide sufficient assistance or follow-up support. He also pointed out that other users have experienced similar unauthorized withdrawals on the platform, suggesting a broader pattern of unresolved security incidents.

Prominent XRP advocate Eri Chan responded to the posts by encouraging other affected users to come forward, indicating a growing movement within the community to demand accountability from the exchange.

Bitrue’s Troubled Security History

Bitrue, which launched in 2018 with a focus on XRP trading, now supports over 700 cryptocurrencies across more than 1,100 trading pairs. Despite its growth, the platform has faced several security challenges and user complaints.

In 2019, the exchange reported a breach in which $4.2 million worth of XRP and ADA were stolen due to a firewall vulnerability that exposed one of its hot wallets. Bitrue stated at the time that affected customers would be fully compensated. A second major security breach occurred in 2023, resulting in a $23 million loss across multiple assets, including Ethereum and Shiba Inu.

Beyond these exploits, Bitrue has also faced allegations of market manipulation. Some users claim that asset prices on the platform are occasionally altered in ways that appear to force the liquidation of leveraged positions. These accusations, while unproven, have contributed to concerns about transparency and fair trading on the platform.

Regulatory and Operational Concerns

Bitrue is registered in Seychelles, a jurisdiction often associated with limited regulatory oversight. The lack of supervision from a recognized financial authority has amplified skepticism about the exchange’s credibility, especially in light of the ongoing user complaints and past breaches.

At the time of reporting, Bitrue has not issued an official statement regarding PapaBear’s allegations or the broader claims of missing funds from multiple users. The absence of a formal response has left many in the community seeking alternative platforms and calling for greater regulatory scrutiny.

The recent events involving Bitrue serve as a reminder of the potential risks associated with centralized exchanges, particularly those lacking strong regulatory oversight and transparency in handling customer concerns.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Top Exchange Says A Lot Is Going On For XRP

Solomon Odunayo — Wed, 12 Feb 2025 05:35:49 +0000

Bitrue, a popular cryptocurrency exchange known for its support for XRP, recently sparked discussions with a post on its official X account.

Bitrue posted, “If you pay attention, there’s a lot going on for #XRP,” generating responses from the XRP community, reflecting optimism and concerns about the digital asset’s future.

Mixed Reactions from the Community

The XRP community had varied perspectives on the ongoing developments related to XRP and Ripple. Some users expressed excitement about XRP’s potential, while others remained skeptical about its price performance.

One user expressed frustration, stating, “A lot of spinning rubber but it’s not going anywhere.” This comment reflects the sentiment of some XRP holders who believe that, despite continuous developments, the price has not moved as expected.

Ripple CEO’s Potential Government Role

A major point he highlighted was the report that Ripple CEO Brad Garlinghouse may be appointed to the federal Crypto Advisory Council under the current U.S. administration.

He raised concerns about this possibility, arguing that appointing Garlinghouse to the Crypto Advisory Council could damage XRP because of the perceived conflict of interest. He believes the market could demand that XRP be quarantined. This could harm investors and affect the asset’s price.

He further argued that Garlinghouse should not accept such a position, but should remain in his current role as CEO of Ripple and push for increased XRP adoption. However, there are no reports of Garlinghouse needing to step away from Ripple to take the role in the Crypto Advisory Council.

One commenter pointed this out, using Elon Musk as an example, as Musk is currently running the Department of Government Efficiency (D.O.G.E.) while running his companies. Ripple has made significant strides in increasing XRP’s adoption internationally under Garlinghouse, and serving on the Crypto Advisory Council could help with proper regulation and adoption in the U.S.

Others focused on the bigger picture, emphasizing XRP’s potential future growth. One user stated, “If only half of the things on the horizon for $XRP come to fruition, we’re all going to look like geniuses for getting in early.”

Developments in the XRP Ecosystem

Some community members also pointed to upcoming developments that could boost adoption and utility. One commenter mentioned the launch of Flare’s FXRP, F-Assets on Songbird, and XRP staking, all major developments that could bring mainstream adoption.

Another expressed confidence in Ripple’s efforts, writing, “Ripple is making moves left and right.” At the same time, another user stated, “More than I have ever seen for any cryptocurrency,” commenting on Ripple’s moves to advance the digital asset.

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Top Exchange Asked: What’s Your Target Price for XRP? XRP Army Responds

Solomon Odunayo — Mon, 18 Nov 2024 06:02:24 +0000

As XRP continues to solidify its presence in the cryptocurrency market, debates surrounding its potential future price persist.

Bitrue, a prominent crypto exchange and XRP advocate, recently asked the community for their price predictions. The responses ranged widely, highlighting diverse expectations for the token’s trajectory.

XRP High-End Predictions

Some community members expressed extremely bullish sentiments, suggesting XRP could reach unprecedented levels. One user speculated a potential value of “$100 by the end of 2024,” or a $589 target. This provides a wide range, but he is certain the digital asset will hit triple digits.

A particularly optimistic respondent claimed there’s “no expectation; it’s guaranteed $1000.” This lofty target aligns with projections made by prominent market analysts and other popular crypto exchanges.

While these predictions capture attention, they often face skepticism, given the substantial market capitalization required for XRP to achieve such heights.

Predictions in the double-digit range were also common, with several respondents indicating values between $10 and $33. One user predicted XRP might hit $10-$13, while another anticipates $17 as a reasonable target. Multiple community members also shared a $33 target, echoing a recent analysis by a notable market expert.

These figures suggest confidence in XRP’s potential for significant growth, albeit within more achievable boundaries compared to the high-end forecasts.

Can XRP Reach These Targets?

Not all participants shared bullish views. Some responses were notably cautious, with one user emphasizing XRP’s large total supply of 100 billion tokens as a limiting factor. Citing supply concerns, he asserted that XRP might peak at just $2 during the current market cycle.

This conservative outlook reflects a belief that, despite its potential, XRP’s price may remain constrained unless driven by substantial utility and demand.

Amid the predictions, one respondent outlined an exit strategy, revealing he would exit “2/3rds at $8,” retaining the remainder for future cycles. Others emphasized taking profits at specific milestones, with one individual noting, “$100 and I’m good.”

XRP’s price potential depends on various factors, including regulatory developments, market sentiment, and real-world adoption. At the time of press, XRP trades at $1.17, recently crossing the $1 level for the first time since 2021. Despite a recent decline, the digital asset is up over 100% in seven days, and experts believe a significant rally is coming.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Top Exchange Calls XRP Price Pump

Solomon Odunayo — Wed, 13 Nov 2024 10:13:10 +0000

In a recent tweet, the cryptocurrency exchange Bitrue speculated on an upcoming XRP price pump, sparking a wave of responses from users and analysts alike.

Bitrue’s question, “Who else thinks that an #XRP pump is coming?” generated diverse reactions, pointing to mixed feelings among community members.

Some commenters expressed optimism, while others pointed out ongoing market challenges. XRP has seen a strong upward trajectory over 24 hours, climbing 16.60% to trade at $0.71.

One user, CryptiCat3, voiced caution, suggesting that while XRP may be poised for a significant rally, market manipulation is evident, writing, “It is, but boy can you feel the manipulation is real.”

Another user, XRPmemes3000, added a note of humor to the conversation, stating, “It’s been loading for 7 years so it’s here.” He references the long-awaited XRP price uptrend, which has experienced extreme highs and lows over the last 4 years.

Trump’s Impact on Market Sentiment

The recent rise in XRP’s value aligns with broader market excitement following Donald Trump’s return as the U.S. president. According to a report from Times Tabloid, Trump’s victory has energized the cryptocurrency market as a whole, with Bitcoin leading the charge.\

The asset recently surpassed the $81,600 mark to achieve a new all-time high, a development many attribute to Trump’s positive stance on cryptocurrencies.

Throughout his campaign, Trump emphasized his goal to make the United States a global leader in the cryptocurrency sector, specifically with ambitions to establish the U.S. as a “Bitcoin capital.”

This optimistic environment has encouraged speculation regarding the token’s potential. When Times Tabloid consulted ChatGPT on the likely influence of Trump’s presidency on XRP’s price, the AI model projected that the digital asset could soon rise to $1. The last time XRP surpassed $1 was in late 2021, while the last time it approached $1 was in July 2023 following a favorable court ruling.

Regulatory Shifts and Market Conditions Could Shape XRP’s Future

The community’s sentiment around XRP remains bullish, with analysts pointing to both market and political catalysts as indicators of a possible rally. XRP’s resilience throughout regulatory battles, market volatility, and shifting investor sentiment has kept it in the spotlight.

The coin’s position in cross-border payments and its ongoing adoption by various financial institutions offer long-term growth potential, though regulatory clarity remains a challenge.

Many experts argue that a favorable regulatory environment under a pro-crypto administration could support the token’s expansion.

Trump’s administration might pave the way for regulatory reforms that favor cryptocurrency growth, enabling U.S.-based exchanges, custodians, and other entities to work easily with assets like XRP. Such developments could attract institutional investors, heighten demand, and drive the token’s price.

Potential Growth Amid Favorable Market Trends

Market trends also support the notion of an XRP rally. Bitcoin’s rise often signals positive momentum for altcoins, with XRP historically benefiting from Bitcoin’s uptrends. If this trend continues, XRP could be primed for additional gains as market confidence strengthens across the cryptocurrency landscape.

Moreover, Trump’s endorsement of cryptocurrency and commitment to establishing a U.S.-centric digital economy may attract new interest and capital, creating further upward pressure on XRP and other digital assets.

As XRP trades near $0.72, the community eagerly awaits to see if Bitrue’s prediction of a pump will happen. If market conditions remain favorable and pro-crypto policies are enacted under the new administration, XRP may witness substantial gains.

Whether it will reach the $1 threshold soon depends on numerous factors, including market sentiment, regulatory developments, and broader economic conditions.

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XRP, BTC, Crypto Holders On Bitrue Registered in the U.S., Please Take Notice

Tobi Loba — Fri, 30 Aug 2024 06:46:24 +0000

On August 25, 2024, Crypto Eri (@sentosumosaba), a prominent crypto figure and XRP supporter, shared a screenshot of an email from Bitrue, the crypto exchange, indicating that the exchange is temporarily halting its services for U.S.-registered users due to “regulatory uncertainty” in the region.

The email from Bitrue states that due to ongoing regulatory issues, it will be unable to offer its services within the U.S. To mitigate the impact on its users, Bitrue provided a 48-hour window for the affected users to take necessary actions.

These include trading any remaining assets, canceling all open orders, and transferring assets to their spot wallets. Following this period, accounts will be frozen again, with users having to await further instructions from Bitrue.

Some users in the comments noted that multiple other exchanges had faced similar problems, having to shut down services in the U.S. Crypto Eri also pointed out that she has switched exchanges four times because of similar occurrences.

Are Bitrue ‘s Regulatory Problems New?

Crypto Eri highlighted this situation on her platform, cautioning other U.S. users who might not have experienced this yet.

One user mentioned in the replies that he experienced this issue in April and was given only 12 hours to trade his tokens and close all investments instead of the 48 hours afforded to those recently affected.

However, this problem extends further back, as one user shared this issue in April 2023. He was given the same reason of “regulatory uncertainty in your region,” and the email stated that Bitrue could not offer services in the U.S.

Speculation from Fox Business journalist Eleanor Terrett and many others in the crypto community was that Bitrue was ending its service to U.S. customers.

However, one user replied shortly after that he still had access to his Bitrue account and replies to Crypto Eri’s recent post show that many U.S. investors still have access to Bitrue’s exchange.

Despite this, the news has caused some uncertainty and some investors have shared their desire to step away from the exchange as a precaution.

Potential Reason for Bitrue’s Move

The ongoing lawsuits the U.S. Securities and Exchange Commission (SEC) initiated against various crypto entities are likely contributing to this uncertainty.

Despite its many losses, the SEC has been aggressive in its enforcement actions. Bitrue’s actions may directly respond to this regulatory instability, as exchanges seek to comply with regulatory expectations while minimizing risks.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Bitrue Shares Reasons Why XRP Surge Will Continue

Solomon Odunayo — Mon, 22 Jul 2024 07:02:51 +0000

The cryptocurrency market has witnessed a notable surge in XRP, with the digital asset consistently trading above the $0.60 mark. This development has been a focal point of discussion within the crypto community, particularly following a week characterized by positive sentiment surrounding the ongoing legal battle between Ripple, XRP’s issuer, and the U.S. Securities and Exchange Commission (SEC).

XRP’s price performance this week can be attributed to several factors. Primarily, the prevailing optimism surrounding the potential resolution of the SEC lawsuit has played a significant role in bolstering investor confidence.

The prolonged legal dispute has negatively impacted XRP’s price trajectory. However, the SEC has a closed-door meeting scheduled for July 25, and prominent crypto figures have revealed that the XRP lawsuit is on the agenda.

Moreover, XRP’s ability to maintain its price around the $0.60 level is a testament to its strength and resilience. This price stability indicates a growing belief among market participants in XRP’s long-term prospects. While short-term price fluctuations are inherent to the cryptocurrency market, the sustained price level suggests a growing conviction in XRP’s value proposition.

Bitrue, a prominent cryptocurrency exchange with a strong track record of XRP support, has highlighted these developments as potential catalysts for further price appreciation. The exchange’s acknowledgment of XRP’s performance underscores the broader market sentiment surrounding the cryptocurrency.

An Impending XRP Surge?

It is essential to approach any price movement with caution and conduct thorough research before making investment decisions. While the recent developments are undoubtedly positive for XRP, the cryptocurrency market is known for its volatility. External factors such as regulatory changes and overall market sentiment can significantly impact prices.

As the XRP community eagerly awaits the outcome of the SEC lawsuit, the cryptocurrency’s price trajectory will likely continue to be influenced by legal developments. A favorable resolution could unlock significant upside potential for XRP, attracting new investors and driving demand.

Potential Price Target

While it is premature to predict definitive price targets, the recent performance suggests that XRP may be poised for further growth. Analysts are also bullish on XRP, Bull with targets reaching triple-digits. The next few weeks will be intriguing and show how well XRP can sustain significant bullish momentum.

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“Go All-in on XRP,” Says Bitrue Amid Broader Market Uncertainty

Solomon Odunayo — Wed, 26 Jun 2024 06:34:14 +0000

Bitrue, one of the top cryptocurrency exchanges, has publicly voiced its support for XRP. This comes amid a significant decline across the cryptocurrency market, with Bitcoin and other leading tokens experiencing substantial price drops.

In a recent post on X, Bitrue addressed investors hesitant about navigating the cryptocurrency market. The exchange positioned XRP as a potentially lucrative option, telling users with doubts to “go all-in on XRP.”

Mixed Reactions to Bitrue’s XRP Endorsement

Bitrue’s post advocating for XRP generated diverse responses from XRP enthusiasts on X. Some commended the exchange’s boldness in endorsing a particular cryptocurrency during market flux.

However, others expressed skepticism, with a few even suggesting the possibility of legal action against Bitrue if the recommended investment proves unsuccessful. One user stated that XRP has not done anything in five years, showing the frustration shared by many investors due to XRP’s prolonged underperformance.

Bitrue’s History of XRP Support

Bitrue has consistently demonstrated its strong belief in XRP’s potential. The exchange promotes XRP adoption more than any other digital asset on its platform. This support is evident in Bitrue’s past pronouncements highlighting XRP’s suitability for investment.

Furthermore, Bitrue regularly gauges community sentiment regarding XRP’s anticipated price surge, recently asking if investors would choose to buy more XRP over a Tesla. The exchange emphasizes its commitment to XRP, regardless of market conditions, by posting “XRP Forever.”

Beyond vocal endorsements, Bitrue has fostered XRP trading on its platform by introducing numerous trading pairs for the cryptocurrency. As of March 2024, Bitrue offered relatively 93 trading pairs involving XRP.

The Market-wide Downturn

Bitcoin and Ethereum are down over 10% in the past month, and many other prominent cryptocurrencies have shown worse performance over the same period. XRP was not spared, dropping 9.4% over the past month to its current price of $0.4773.

Despite this surge, XRP is up 0.98% over the past month, showing signs of recovery. Bitrue’s staunch backing of XRP during a period of market uncertainty has surely boosted the bullish sentiment of some investors.

However, XRP’s future trajectory depends on certain factors, including the conclusion of the lawsuit with the U.S. Securities and Exchange Commission (SEC). Many prominent fans are confident that the digital asset will see a massive rally once the lawsuit ends.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

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