XRP Holders Receive Airdrop From Exchange

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XRP Holders Receive Airdrop From Exchange: Singapore-based crypto exchange Bitrue has announced an upcoming airdrop for XRP users. In a recent tweet, it was announced that the xCORE Airdrop is now live.

XRP Holders Receive Airdrop From Exchange

XRP Holders Receive Airdrop From Exchange

XRP Holders Receive Airdrop From Exchange: Users are required to lock in their SOLO and XRP assets before 3:50 a.m. UTC on March 24 to receive the xCORE airdrop. The mainnet for the Coreum blockchain is scheduled to go live on March 24, 2023, at around 4:00 a.m. UTC. To promote engagement in the new Coreum ecosystem, the Coreum team has prepared community airdrops.

In this, 50 million xCORE tokens will be airdropped to SOLO and XRP holders, together with 100 million CORE tokens to COREUM holders. As reported, Korea’s largest exchange, MEXC Global, has announced support for the xCORE airdrop.

XRP price jumps

XRP Holders Receive Airdrop From Exchange: The price of XRP rose sharply, climbing to a four-month high in the process. XRP rose by as much as 20% to reach highs of $0.494 on March 21 before easing off slight gains. At the time of writing, XRP was up 16.6% in the last 24 hours to $0.451. The sixth-largest cryptocurrency is also up 22% weekly, outperforming the top 10 in daily and weekly gains. XRP suddenly gained strength against Bitcoin after days of underperformance. According to a Fox Business piece by Eleanor Terrett, the legal battle between Ripple and the SEC might soon draw to a close.

XRP Holders Receive Airdrop From Exchange

It cites lawyers working on the case who say that federal district judge Analisa Torres might rule on summary judgment motions in the coming days. This could hand either Ripple or the SEC a victory. Another outcome might be that the judge could order the case to go to trial, which would cause months-, or even years-long delays for the industry, which urgently needs regulatory clarity.

XRP Price Jumps 10%, Important XRP vs. Bitcoin Signal Emerges

At the time of writing, XRP was up 11% in the last 24 hours at $0.424. In the last few hours, XRP has gained over 8%. The sharp recovery coincides with XRP bottoming out on its BTC chart. After weeks of underperformance, XRP suddenly gained strength in its Bitcoin pairing after reaching lows of $0.0000134 on March 20. XRP is currently up 13% against Bitcoin. Per the RSI indicator, the XRP/BTC recovery trend might continue in the very short term. This implies that XRP could continue to gain strength against Bitcoin in the coming days.

Check Also: What Are Cryptocurrency And Its 5 Bonus Benefits?

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