Undoubtedly, Ripple is one of the most loved blockchain projects in the world today and this thanks to its numerous adoptions, adverts and utilities. Continuing with its mainstream run of adoption, Ripple's XRP arrived at Turkey's long-awaited crypto-exchange platform, Coinzo.
The exchange went live only a couple of days ago and decided to add XRP to the list of digital resources available to be exchanged on its platform. The latest news comes via a tweet from a member of the Ripple community, @LeoHadjiiloizou. Tweet law:
6 November 2018
Turkish exchange Coinzo @coinzocom is alive $ XRP is among the 6 coins listed with $ TRY is $ BTC couplings.#XRPthestandard #XRPcommunity @Ripplehttps://t.co/OuxCJoeM4k pic.twitter.com/1rbs5XSjnE
– Leonidas (@LeoHadjiloizou) November 8, 2018
Turkey is taking more interest in cryptocurrency and, with most of its trade in cryptocurrencies, we may see a great boom in the cryptographic sphere over there.
Coinzo is a new cryptocurrency ready to grow in the cryptic world. Currently it has six digital resources available for trading including BTC, ETH, XRP, EOS, HOT and GAS. The same crypto-exchange said in a tweet:
"The cryptic currency exchange Coin is online and offers global services as a standard! #kriptopara #BTC #ETH #XRP #EOS #NEO #Holochain #CNZ $ BTC $ ETH $ XRP $ EOS $ NEO $ HOT $CNZ."
Coinzo also highlighted the trading pairs available on his official Twitter page, the platform notes,
"Couples you can process in Coinage / try / try / try / try / try /// #kriptopara $ BTC $ ETH $ XRP $ NEO $ EOS $ HOT #NEO #BTC #EOS #BTC #XRP #BTC #ETH #BTC # bitcoin #coinzo. "
The Ripple XRP, on the other hand, is the third largest cryptocurrency with a market capitalization of about $ 20 billion (19.9 B at the time of printing, to be more specific). The blockchain was created by its progenitors: Chris Larsen, Jed McCaleb and Arthur Britto in 2012. His token, XRP, was also established at that time.
Subsequently, the Ripple XRP register is an open source technology created a year later. The XRP register supports faster payments and the decentralized exchange of other cryptocurrencies. It is important to know that through this registry XRP payments can be resolved in seconds with less energy and can handle up to 1,500 transactions per second due to its scalability capabilities.
Furthermore, Ripple's XRP is not just a cryptocurrency, because it aims to solve real-life problems. The cryptocurrency is poised to change the way cross-border payments are made today in the world.
Returning to the XRP listing on the new Turkish Coinzo exchange, the Ripple community expressed its happiness at the event as it would have aroused Turkish investors' interest in the Ripple ecosystem.
XRP price analysis
At the time of writing, next to all other significant coins, XRP is in red and trades at $ 0.497. In the last 24 hours, the XRP / USD exchange pair has faced the resistance level of $ 0.49. It is however likely that if the amount of bull shifts the price above the current resistance level, the price of the XRP has touched $ 0.62 soon. At that price, earnings can be made, because, at $ 0.62, a rise in prices is inevitable.
In addition, the high level SMA and RSI of XRP clearly shows overbought and this indicates a short-term upward trend. If the price of XRP falls below its current SMA level, we may see a downward trend compared to our forecasts.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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