USDD/XRP Trading Pair Is Free, Only On Huobi Global! When Will It Come To Indonesia?

USDD pairings and other cryptocurrencies are free of charge in Huobi. (Photo; Doc. CoinJournal)

JAKARTA - Huobi Global, a leading crypto trading company, recently announced that they will provide zero trading fees for 39 cryptocurrency pairs, including the XRP/USDD trading pair as well as 38 other cryptocurrency pairs paired with USDD.

For information, USDD is a stablecoin issued by TRON DAO Reserve. This is expected to make it easier for crypto traders to make transactions without worrying about trading fees.

At the time of writing, the price of XRP was trading slightly higher in the last 24 hours at $0.378, or around IDR 5,700. XRP trading volume has also increased by nearly 88 percent as traders perceive oversold conditions for the sixth-largest cryptocurrency.

Although XRP has formed a death cross on its weekly chart, the thing that has happened to XRP is the exact opposite of this bearish indication, as most of the death cross events on XRP have marked major or temporary lows, which are usually the basis for XRP's price to go higher.

Over the weekend, there was a significant increase in whale transactions for XRP. According to WhaleAlert, 630 million XRP have been shifted by whales to and from wallets and exchanges in the previous 24 hours. In the first and largest transaction, some 253 million XRP worth USD 92.7 million (IDR 1.4 trillion) was transferred between wallets. Soon after, the whale wallet exchanged 232 million XRP worth 87.4 million US dollars (IDR 1.3 trillion).

A total of 140 million XRP was also sent in three transactions to the Bitstamp address. In the first transaction, 35 million XRP worth 13.2 million US dollars (IDR 201 billion), 45 million XRP worth 17.1 million US dollars (IDR 260 billion), and 30 million XRP worth 11.3 million US dollars (IDR 172 billion) have been swapped.

Another transaction was the transfer of 33 million XRP worth USD 12.5 million (IDR 190 billion) from the Bitso crypto exchange to an unidentified wallet. This indicates that there is significant activity in the XRP market at the moment.