XRP Price Slides 10 Percent as Coinbase Pro Denies Relisting Rumors

XRP Price Slides 10 Percent as Coinbase Pro Denies Relisting Rumors

Coinbase Pro was quick to shut down the relisting rumors that started swirling on the social media

Earlier today, four XRP trading pairs (XRP/BTC, XRP/USD, XRP/GBP, and XRP/EUR) started showing up on the mobile app of the Coinbase Pro exchange.   

The price of the seventh-largest cryptocurrency soared almost 12 percent in mere minutes as trading volume started to pick up quickly.

However, Coinbase Pro swiftly moved to shut down the relisting rumors.

In a tweet, it explains that the cryptocurrency was temporarily viewable on the app due to a technical error, but users couldn’t trade the cryptocurrency.

With no relisting in sight, XRP has now retraced almost the entire Coinbase-driven price spike.

Image by tradingview.com

Aligning with Coinbase   

Coinbase moved to indefinitely suspend trading and deposits in XRP on Jan. 19 after the U.S. Securities and Exchange Commission alleged that the cryptocurrency was an unregistered security in its landmark lawsuit against Ripple. Prior to that, multiple other exchanges also ditched XRP due to regulatory pressure.      

After Coinbase recently revealed that it was facing a lawsuit from the SEC, many members of the XRP community started urging the company to relist XRP in a show of solidarity with Ripple. 

Ripple CEO Brad Garlinghouse and CTO David Schwartz were also quick to align themselves with their big-name companion in misfortune.

Original Source :u.today

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you


* indicates required