- The KuCoin exchange adds support for XRP as traders receive a 99% discount on trading fees.
- The XRP / USD does not keep an eye on KuCoin's support, based in Singapore, since new cuts begin.
Ripple is gaining traction in the Asian market in recent months. Alongside Ripple's entry into the region with its financial solutions, its official digital asset has now gained support from the KuCoin exchange.
The Singapore-based exchange added support for 8 pairs of XRPs. These include XRP / BTC, XRP / USDT, XRP / ETH, XRP / PAX XRP / TUSD, XRP / USDC, XRP / KCS and XRP / NEO. The support was announced via a blog post and note that the deposits for all the couples had been opened. The exchange proceeded to provide a schedule for XRP orders with "Purchase Order: 17:30 December 3, 2018 (UTC + 8), Sales Order: 18:00 December 3, 2018 (UTC + 8) and" Withdrawal: 18: 00 December 5, 2018 (UTC + 8). "
In support of the new listing, KuCoin announced a 99% discount on trading fees. However, the discount is only available for a limited period of time starting "December 3 (at 6:00 pm) December 10, 11:59 pm, 2018 (UTC + 8)."
Technical image of the price of the ripple
The price of ripple fell under the support of the range we discussed in a previously published news article. The token ignored the aforementioned support, culminating in a sharp downward braking below $ 0.358. It is currently trading at $ 0.3564 after losing 2.9% on Monday. The trend is strongly negative at the moment with the path of least resistance to the south. A correction above the resistance of the range at $ 0.3640 will open the way for further movements towards $ 0.4. In the meantime, support of $ 0.3560 is needed to stop the downstream current journey.
Ripple court Asia: $ 0.4 out of the picture
15-minute XRP / USD chart
Receive Crypto updates 24 hours a day on our social media channels: give a follow-up to @FXSCrypto and our Telegram channel of Trading Crypto FXStreet