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XRP to be added as base pair for 130+ trading pairs on CoinField’s test net

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XRP to be added as base pair for 130+ trading pairs on CoinField's test net
Source: Pixabay

XRP adoption is currently on an uptrend, considering the number of cryptocurrency exchanges adding XRP to their rosters. CoinField, a Canada-based cryptocurrency exchange, announced that it will be integrating support for over 130 new coins to their testnet.

The tweet by CoinField read:

“We’re glad to announce 130+ new coins have been successfully integrated to our #TESTNET and will be added to @CoinFieldEX eventually once our #legal evaluation and security review is done. We will offer these new coins in both fiat & #XRP based trading pairs. #cryptocurrency”

The details about the coins are yet to be announced, however, the CEO and co-founder of CoinField, Babak Bob Ras, stated that he will be announcing the list on his Twitter page soon.

Additionally, he posted a poll on Twitter to understand the diversity of user portfolios and to check whether they would HODL. XRP received 72% of the 2,183 votes cast.

Recent developments

XRP was recently added on Rain, a Sharia-compliant crypto exchange in the Middle East. XRP was the fourth crypto added on the exchange after Bitcoin, Litecoin, and Ethereum. In addition, XRP can now be sent through Microsoft Outlook by installing a simple add-on.

XRP is being accepted by various exchanges around the world, the most recent in the ecosystem being the coin getting added to PayGlobal’s ATM bank card payouts.



@NikkiKatz, a Twitter user, added:

“Good job. I knew I picked this exchange as my #1 for a reason!
I just hope (which I am sure you will)listen to whatever havw wanted for a while… which means $HOT $NPXS $ADA will be amongst those 130+ good job… finally I don’t have to buy #BTC to purchase useful coins! TY.”

@XRPdeathstar, another Twitter user, added:

“This was a bit of a tough one, never dreamed of having that much to be able to buy crypto lol.”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

XRP

Has XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?

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Hash XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?
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Opinion: Bitcoin, the first cryptocurrency, has had over ten years to grow. However, other altcoins did not have the liberty, due to which Bitcoin exerts its dominance over almost all altcoins in the ecosystem, be it Ethereum, XRP, or Cardano. The price of altcoins generally tends to rise if Bitcoin’s price surges rapidly. The same can be said about the downtrend as well, which is why altcoins are said to be coupled with Bitcoin.

However, the recent buzz on crypto-twitter is that XRP is on the verge of decoupling from Bitcoin. A Twitter user @XRPMOONSHINE tweeted:

“DO ME A FAVOR OPEN UP A BTC/USD CHART AND AN XRP/USD CHART. THEY HAVE DECOUPLED AND ARE MOVING DIFFERENTLY.”

In a very general sense, the comparison of the price change of XRP and BTC gives a crude understanding of whether the prices have actually decoupled or not. Hence, the daily chart attached below shows the price of BTC and XRP against the US Dollar and extends from August 2018 to April 2019. The price of XRP seems to be following a lag from the price of BTC and do not necessarily mean that it has decoupled.

However, there are timeframes where the price of XRP has moved completely unrelated to that of Bitcoin. For example, the meteoric rise of XRP from September 18 to 22 was far higher than the price pump of BTC over the similar timeframe; but the drop of XRP from November 18 to December 16 was exactly the same as that of BTC’s.

Furthermore, XRPMOONSHINE suggested that XRP price was being manipulated. He tweeted:

“It is being manipulated to keep it from rising. For example look at XRP/BTC pair. Keeping it under the down sloping resistance from .80 in September. Thats what I mean by Suppressed, Although im expecting a fairly large move to the upside before 4/24/19.”

The “idea” of the price of XRP being manipulated is not unpopular within the XRP ecosystem as Peter Brandt, a famed trader, suggested the same in one of his tweets.

Brandt tweeted:



Conclusion

XRP may have started to decouple from Bitcoin, but it surely hasn’t decoupled completely. The notion that XRP is being manipulated to keep its price below certain levels can also not be confirmed without proof.





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