Leading Singapore-based crypto exchange, Bitrue, promises to support XRP irrespective of market conditions.
In a recent X post, Bitrue emphasized its willingness to stand by XRP whether the market is bearish or bullish.
XRP Takes Huge Blow Amid Market Downturn
The market is currently in a bearish condition, as prices of various digital assets, including XRP, have plummeted heavily over the past week.
Data from CoinMarketCap shows that XRP has dipped 6.3% over the past week and 11.58% in the monthly charts. XRPs price has plunged from a monthly high of $0.5321 to a low of $0.4636. At press time, XRP is trading at $0.4665, reflecting a decline of 1.76% in the past day.
Despite the massive collapse of XRP‘s value, Bitrue is still optimistic about the coin’s potential for enormous growth, as indicated in the rocket emoji attached to its post.
Importance of Community Support to XRP Prominence
In a follow-up tweet today, Bitrue noted that despite peoples opinions about XRP, the asset still retains a spot among the top 10 cryptocurrencies by market cap. Currently, XRP stands as the seventh-biggest crypto with a market cap of $25.99 billion.
The exchange emphasized the importance of community support, suggesting that this collective effort is instrumental in XRPs success in the market.
Bitrues Unwavering Support for XRP
Since last year, Bitrue has been supportive of XRP, speculating that the coin would witness a parabolic run. It has actively promoted XRP as a lucrative financial instrument, emphasizing the importance of gaining exposure.
For instance, Bitrue urged investor with uncertain investment decisions to go all-in on XRP earlier this week.
In addition, the exchanges support for XRP extends beyond its positive remarks on X. Notably, XRP has been paired with top crypto assets on Bitrue, with the number of supported XRP spot trading pairs surpassing 90, including XRP/USDT and XRP/BTC.
Moreover, Bitrue often introduces giveaway events to celebrate the addition of new XRP trading pairs. In March, it announced a trading competition focusing on eight XRP trading pairs, with users sharing a prize pool of $50,000.