Ripple (XRP) has risen in value after hints of its inclusion on one of the most important trading platforms
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Answer Ripple (XRP) has risen in value after hints of its inclusion on one of the most important trading platforms
In light of the stability of most cryptocurrency prices, the last hours witnessed a noticeable rise in the value of the Ripple currency (XRP) after spreading hints of adding the currency to one of the most important cryptocurrency exchanges “Coinbase”.
The beginning of this week witnessed a price correction in the value of the Ripple currency (XRP), giving up many of its massive gains from last week. Yesterday, however, we saw an increase in the value of the Ripple currency from $0.436 levels to $0.53 levels.
The Impact of Coinbase on the Value of Ripple (XRP)
The price of Ripple (XRP) was affected immediately after Coinbase announced that it had changed the mechanism for listing cryptocurrencies on its platform, to take a different approach similar to what it relies on other cryptocurrency exchanges.Read:By mistake… a person pays nearly a million riyals for transfer fees on the Ethereum network
More importantly, Coinbase’s announcement indicated that it will be adding several new cryptocurrencies that the company has identified to meet key customer demand.
Coinbase stated in the announcement: “Today we are announcing a new mechanism that will allow us to list the majority of cryptocurrencies that are compatible with local regulations and compatible with jurisdictions, so our customers can look forward to a new listing of cryptocurrencies that meet our criteria.”
It is worth noting that XRP holders have questioned on more than one occasion why Coinbase refrained from adding the coin.Read:Crypto Market Drops $250 Billion and Bitcoin Below $42,000
Although the recent announcement does not include any proof that the platform will include the XRP currency, some started speculating and rumors spread that the currency would be added soon, which reflected positively on the value of the XRP currency in today’s trading.
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