XRP and its Army Jumps on Coinbase Pro Listing News

XRP and its Army Jumps on Coinbase Pro Listing News

Trading will be rolled out in four stages as the order book fills up.

After months of anticipation, Coinbase Pro finally has announced support for XRP.

Transfer-only mode began after 10 a.m. This has raised some suspicion that the listing information was leaked early, giving insiders a chance to buy before the public learned about the listing.

Several hours after Coinbase released the news, XRP's price had risen to $0.33.

At the time of this writing, XRP is up about 7% in price over the past 24 hours on CoinMarketCap. Vitalik Buterin of Ethereum (ETH) recently took to twitter to praise XRP for its adoption and partnerships but there is no comparing him with Brad Garlinghouse, the CEO of Ripple (XRP).

The listing announcment is truly a great news for all those who were eagerly eyeing on Coinbase to list XRP - however the demand reached the peak when XRP hit the top second position during November. Therefore, despite SEC lack of commitment and failure to, it is increasingly becoming clear that XRP is after all a decentralized and independent ledger, a utility that can function without Ripple Inc.

One of the controversies surrounding the crypto has been whether it would be classified as a cryptocurrency or security. Ripple (XRP) meets all of these requirements.

Ripple (XRP) has recently been the second largest coin by market cap but has now lost that title back to Ethereum (ETH).

Transfer-only.Starting after 10am PT on February 25, customers will be able to transfer XRP into their Coinbase Pro account. This may be overly conservative. It has had a controversial past due to its ties with parent company Ripple. It is actually possible that Coinbase adding Ripple (XRP) will make it easier than ever before for Ripple Labs to dump Ripple (XRP). XRP will be open to customers in the U.S.

XRP is outperforming other assets like TRX and BNB. As part of their digital asset regulatory framework, CoinBase is very stringent on what kind of asset it avails to their customers.

Coinbase's decision to add XRP to its platform has caused some commotion. Despite recent liquidation and the failure of bulls to race above 34 cents triggering our short-term buys at 34 cents, the failure of sellers to drive prices below 30 cents reaffirms our previous outlook that buyers are in control. Some cryptocurrencies have crashed soon after listing. At some point, it looked so eminent that Coinbase would list the crypto that the price took off in market anticipation.

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