Ripple Rises Then Falls On Coinbase Rumours – Cryptocurrency News

Enter The Crypto > Alt Coin > Ripple Rises Then Falls On Coinbase Rumours – Cryptocurrency News

Ripple’s XRP had risen by over 10% earlier today, following rumours that it was to be added on Coinbase. This is not the first time rumours of XRP being added to Coinbase have caused a big spike in price.


The rumours came about as Ripple’s CEO, Brad Garlinghouse, and Asiff Hirji (COO of Coinbase) are both set to appear on CNBC’s ‘Fast Money’ on Tuesday 6 March. Many believe the reason for both representatives of Coinbase and Ripple appearing on CNBC at the same time is to make the highly anticipated announcement that Coinbase are to add XRP to their platform.


The price of XRP crossed the $1 mark and was looking bullish heading into Tuesday. However, Coinbase took to twitter to dispel the rumours once again, as they had done in January. Coinbase tweeted:


Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company. (@coinbase)


The tweet sent Ripple’s XRP crashing down, with the price dropping almost immediately. XRP is currently priced at $0.95 after it had earlier reached $1.09.


All eyes will now turn to CNBC tomorrow, where XRP could fall further should there be no indication from Coinbase as to whether they are considering the inclusion of XRP on their platform.


I personally believe that there will no announcement tomorrow. I am also of the view that XRP will be added to Coinbase in the near future. XRP is the only Crypto in the current ‘top 5’ that has yet to be added to Coinbase. In my opinion it is only a matter of time.


Revolut to add XRP

In other news, Revolut have announced that they shall be adding XRP to their platform which has brought much joy to its Crypto users.


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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.



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