Ripple, which we know well with its epic fight against the US SEC, is making new moves. In a recent development, the altcoin project announced that it is collaborating with Uphold. However, he also received some negative news. Amidst these developments, an analyst says stay away for investment!
Is it too late to buy Ripple (XRP)?
cryptokoin.comAs you follow from , XRP has seen a significant price increase recently. Despite this, some analysts say investors looking to make money should avoid trading this asset. One of these people is the analyst nicknamed IncomeSharks. The analyst warns traders to stay away from altcoin XRP at this time. It reminds us that participants have had the chance to dive into the ecosystem over the last 15 months, when the price hovered between $0.30 and $0.60. IncomeSharks also says that those who are about to jump on the bandwagon are “emotional FOMO buyers.” In this context, the analyst makes the following statement:
If you love making money, promise yourself that you will not trade XRP this cycle. If you liked this cryptocurrency, you had the chance to buy and hold it for 15 months. Buying on this candle is what separates traders from emotional FOMO buyers.
What you need to know about the altcoin project’s latest partnership
Ripple announced that it is collaborating with Uphold. The project stated that it did this to support and improve cross-border payment infrastructure. Pegah Soltani, Payments Product Manager at US-based cryptocurrency exchange U Blockchain, argues that the platform’s “deep liquidity expertise” can help achieve this goal. In this context, Pegah said, “We see this as the beginning of our relationship. “We are also excited about what the future will bring,” he said.
Uphold Chief Executive Simon McLoughlin also expressed his views on the partnership. McLoughlin stated that the altcoin project is a major player in the crypto world. He also praised it as a company that provides an extremely valuable service to businesses making cross-border payments.
Important OKX update regarding Ripple (XRP)
Leading cryptocurrency exchange OKX announced that it will remove 17 spot trading pairs from its platform at the end of the month. The delisting process will occur in two stages. The stock market will hold the first of these on October 27. In this process, FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT and MXT-USDT parities will be removed from the list. Three days later, OKX, will lift it. The cryptocurrency exchange did not explain the exact reason behind this move. However, it noted that it “constantly monitors the performance of all listed trading pairs. It also emphasized that it regularly reviews listing qualifications. In this regard, OKX made the following statement:
We will delist the trading pairs mentioned above at the delisting times listed above. We advise users to cancel orders on these trading pairs before they are removed from the list. Otherwise, the system will automatically cancel these orders.
Despite being added to the delisting frenzy, Ripple (XRP) remained unscathed. In fact, the altcoin price has been in a major uptrend lately, in resonance with the overall bullish mood of the crypto market.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!