Dubai Approves Ripple for Global Transfers: Is This a Turning Point for XRP?
- Bitrue Exchange recently urged heavy investment in XRP, sparking mixed reactions.
- Ripple secured approval for global transfers in Dubai, highlighting its growth potential.
- XRP’s Automated Market Maker holds over 10 million XRP, supporting liquidity on decentralized exchanges.
Pro-XRP crypto exchange Bitrue recently urged investors to “go all-in” on XRP, sparking a mixed response from the crypto community and raising questions about the platform’s investment advice.
Bitrue’s bullish comments provoked a backlash from the X platform cryptosphere, with some even suggesting that a failed investment advice could lead to legal action against the exchange.
One user highlighted XRP’s underperformance over the past five years, echoing the sentiment shared by several market participants regarding the token’s lackluster performance.
Over the past few years, Bitrue has been a vocal proponent of XRP, consistently promoting the token on its platform. Additionally, the company has consistently introduced features catering to the XRP community.
In 2018, Bitrue adopted XRP as its base token, making history as the first exchange to do so. Subsequently, the company …
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