In an official announcement on 18th August, Bitget unveiled its latest feature, enabling users to purchase XRP using credit and debit cards through its fiat portal.

Read Also: Despite Market Turmoil, Top Analyst Spots XRP Path To $1.87. Here’s the Chart

This development furthers the platform’s mission of providing seamless and accessible crypto trading options to its growing user base.

Get XRP easily with a debit/credit card on Bitget's Fiat portal.

Enjoy fast, borderless transactions with Ripple's XRP, a modern solution for cross-border transfers!

Buy XRP with Fiat on Bitget!https://t.co/t5KB8tbmYw pic.twitter.com/HTySaqCk4h

— Bitget (@bitgetglobal) August 18, 2023

Simplified Process for Buying XRP with Cards on Bitget

Recognizing the increasing demand for XRP, Bitget has added the cryptocurrency to its list of digital assets available for purchase with fiat currency. Currently, Bitget users can directly buy XRP using over 140 fiat currencies, including the Euro, US dollars, and British pounds.

The platform has made the buying process even more convenient by providing a comprehensive manual that guides users through the streamlined experience.

To initiate the XRP purchase, users need to sign in to the Bitget website and navigate to the homepage where they can easily spot the “buy crypto” button. By selecting this option, users gain access to the card purchasing method and can proceed with their desired XRP investment.

Read Also: New Court Filing Shows That SEC Has Admitted XRP Is A Non-Security Asset: Details

In addition to the option of buying XRP via credit and debit cards, Bitget also supports third-party crypto payment services such as Simplex, Banxa, and AlchemyPay. The process remains similar to purchasing through the Bitget Fiat portal, ensuring users have multiple avenues available to acquire XRP according to their preferences.

Upon successful completion of the transaction, users will receive a confirmation email, providing them with the assurance of a secure and reliable buying process.

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Bitget XRP Carnival: A Festive Delight for XRP Traders 

As the official crypto partner of renowned football star Lionel Messi, Bitget is hosting an exclusive XRP carnival to celebrate and promote the cryptocurrency. This carnival not only aims to engage XRP enthusiasts but also rewards them with enticing benefits and incentives.

Taking place from July 31 to August 20, 2023, the Bitget XRP Carnival allows users to enjoy zero trading fees on XRP transactions made with Canadian dollars (CAD). This offer is available to Bitget customers in Canada and Australia, adding a touch of inclusivity to the festivities.

Read Also: XRP Finds Strong Support at $0.5, Paving the Way for Impending Surge

To further enhance the excitement, Bitget is offering a chance to win up to 100 XRP through special airdrops. Users who engage in XRP trading worth 10,000 USDT or more during the campaign window will qualify for the airdrop. This thrilling opportunity motivates traders to actively participate in the carnival and maximize the benefits associated with their XRP investments. 

Bitget’s commitment to expanding its services and fostering a vibrant crypto community is exemplified through its partnership with Lionel Messi and the launch of events like the XRP carnival.

By introducing XRP purchase options via credit and debit cards, Bitget continues to prioritize customer convenience and accessibility in the rapidly evolving cryptocurrency landscape.

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JD analyzes XRP’s historical data to better understand its market behavior. XRP’s market dominance reflects its price swings, which tend to rise when the asset is on the rise. Notably, XRP’s market dominance increased in November 2014, peaking at 20.69% in January 2015 due to a $0.02 price rise.

Read Also: As XRP Burn Rate Doubles Over 30 Days, Analyst Says $100 XRP Price Is Certain

Following this peak, XRP’s market dominance experienced a two-year decline. However, in 2017, it jumped to 31.33% in 56 days as XRP rose 39x. Nevertheless, XRP subsequently experienced a further drop, resulting in yet another decline in market dominance. While there was a recovery, it did not result in a break from the downtrend.

After a five-and-a-half-year slump, a breakout eventually occurred in September. Although XRP’s market dominance briefly retested the trendline in March, it subsequently soared above it with a rally.

However, JD suggests that market dominance may revert to levels seen in early March, creating an attractive purchase zone with Fibonacci retracement points between 0.618 and 0.786.

JD believes that a large gain is likely following this decline, particularly if XRP breaks through a major barrier that it previously found difficult to cross. Breaking through this barrier is predicted to spark a significant price rise.

Furthermore, JD emphasizes the importance of taking trade profits at the right time, rather than relying entirely on a HODL (Hold On for Dear Life) approach, which could result in unfavorable consequences.

#XRP Dominance update – while eyes are on the lawsuit causing stress/emotions SMH, the REAL PLAYAS/SMART MONEY in the game is paying attention to the CHARTS!

Loading up more within orange box if hit w/no emotions!

Retweet/Like for more chart updates! $XRP #XRPCommunity… pic.twitter.com/ckS74fSr6K

— JD (@jaydee_757) July 7, 2023

Currently, XRP is trading below $0.50 in the short term, with efforts underway to recapture $0.48. It increased by 1.41% yesterday and is currently worth $0.4678. Investors should monitor XRP’s market behavior as well as JD’s expected climb in market dominance, which indicates a favorable investment opportunity in the near future.

XRP’s Potential for Growth and Future Outlook

With XRP’s market dominance expected to increase and an optimal buy zone established, the future of this popular cryptocurrency appears bright. Analyst JD’s knowledge of prospective growth prospects is invaluable.

Investors are looking for signs of a sustained upward trend as XRP attempts to retake its position above the $0.50 level. The anticipated breakout from the market downturn is an attractive prospect for investors looking to capitalize on XRP’s potential.

Read Also: CNBC Analyst Ran Neuner: XRP Is One of Five Bear Market Surviving Tokens with Real Use Cases

As the cryptocurrency market evolves, XRP’s development potential and technical analysis insights provided by specialists such as JD help to create a more informed investment community. Investors can position themselves advantageously in the thriving world of XRP by maintaining vigilance and making intelligent decisions.

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The post Chartist Forecasts Rise in XRP Market Dominance, Spots Major Buying Zone: Details appeared first on Times Tabloid.

Santiment, a reputable cryptocurrency market analysis tool, has shed light on the factors influencing XRP’s recent price decrease. In a tweet, Santiment stated that many leading cryptocurrencies are currently trading at a loss due to a large wave of profit-taking.

Top cap #crypto assets are being traded at a loss after the high profit taking last week, lending to the price drop we've seen. $XRP and $ADA are seeing a particularly high amount of sells at lower prices, making the chances of bounces increase. https://t.co/Ntt3HoC52S pic.twitter.com/z5BatBNlKe

— Santiment (@santimentfeed) July 7, 2023

Read Also: Expert Chartist Says This Wave 3 Trend Can Send XRP Price to $12 or $50. Here’s the Timeline

This general market trend has resulted in price decreases across the board, with XRP and Cardano (ADA) in particular experiencing strong sell-offs at lower prices. However, according to Santiment, this condition may soon pave the way for price recovery.

A Deep Dive into Loss-Incurring Trades

Santiment’s tweet emphasized the Profit/Loss Transaction Ratio, which provides insights into the profitability of on-chain transactions for various assets. This ratio represents the daily volume of on-chain transactions that result in profit or loss for each cryptocurrency. Traders and analysts use this indicator to determine if market participants are currently profiting or losing money.

Surprisingly, Santiment’s data suggests that four of the top five cryptocurrencies are experiencing losses, with Ethereum (ETH) being the sole exception.

While Bitcoin (BTC) investors are experiencing some losses, this trailblazing cryptocurrency has the lowest ratio of loss-inducing transactions, with a value of -0.01006. Litecoin has a ratio of -0.108436, while Ethereum has a ratio of 0.078415.

Santiment revealed a troubling figure of -0.350046 for XRP, which is lower than any other asset. This suggests that the vast majority of XRP transactions on the blockchain have resulted in losses rather than profits.

As a result, it is not unexpected that XRP has been declining since reaching a peak of $0.5272 on June 22. XRP has now fallen by 11.47% in the last two weeks.

Cardano (ADA), like XRP, is experiencing price decreases as well as a negative profit/loss ratio. ADA’s current ratio is -0.106127.

Read Also: SBI CEO States What Impact Victory Against SEC Could Have On XRP Price and Ripple IPO

Brighter Prospects for XRP and ADA

Despite recent difficulties for XRP and ADA, Santiment’s analysis provides a ray of hope. Increased selling pressure at lower levels may indicate a price rebound for these cryptocurrencies in the near future.

As market participants take advantage of the opportunity to accumulate XRP and ADA at lower prices, a favorable environment for a potential rise is created. According to on-chain data, while smaller XRP holders have been selling their tokens, larger holders have continued to accumulate.

CoinsKid, a well-known expert, has emphasized XRP’s potential to reclaim the $0.69 price level. He believes that if XRP breaks over a known bearish trendline on the daily chart, it will soar to new yearly highs.

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