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Ripple (XRP) broke the current decline in cryptocurrency, adding more than 7% following the wild market movements of the weekend, after a surprise announcement from the US exchange and Coinbase portfolios provider.
Coinbase revealed that he was going today to add a ripple, a common name for the XRP token exchangeable, to his platform for his Coinbase Pro users, as the company begins to strengthen its support for different crypto-currencies.
The news has moved the needle to a number of other major crypto-currencies, including Bitcoin, Litecoin, Bitcoin Cash and Stellar, according to the price data. CoinMarketCap.
The Ripple XPR has been heavily sold in the last six months, following the decline in the broader cryptocurrency market.Getty
The price of ripple (XRP) is now trading at just over $ 0.32, according to the latest CoinDesk tracker awards.
"XRP transactions will initially be available to users of Coinbase Pro in the United States (with the exception of New York), in the United Kingdom, in European Union member countries receiving support in Canada. Singapore and Australia, " a blog article Coinbase read. "Additional jurisdictions may be added later."
Coinbase, based in San Francisco, already supports bitcoin, ethereum, litecoin, & nbsp; and & nbsp; bitcoin cash and indicated that he was planning to add a lot more in the months to come.
The latest development could be seen as a big win for Ripple's XRP, which has always been considered distinct from many other major crypto-currencies.
The Ripple (XRP) support for Coinbase's professional trading platform is timely: cryptocurrency investors and traders are nervously waiting for institutional support for crypto, which has long been seen as a rise in the price of bitcoin. & Nbsp;
The sudden price increase (XRP) follows a tumultuous weekend for the bitcoin and cryptocurrency market, which saw bitcoin and other crypto currencies skyrocket on Saturday before falling sharply Sunday.
Volatility was attributed to the next Ethereum hard range, set for next Wednesday.
The price of ripple (XRP) has fluctuated sharply over the past few days.Coindesk
"This latest crypto sale is a stark reminder that crypto-assets remain a volatile and developing asset class, and investors must act accordingly." Bulls will monitor to see if [bitcoin] prices can stay at $ 3,800 because it would be a good place to get support, "said Mati Greenspan, senior market analyst at eToro brokerage.
"Curiously, this slide was led by Ethereum, who lost about 5 minutes ahead of the rest of the market. As such, Ethereum has become an asset to the market. Last week's Miniature Bull Race was led by Ethereum, and this last slide means that this asset strengthens its position as a key signal for investors watching the market.
The XRP has struggled in the last six months after a surge of excitement following announcements that some major banks would use Ripple technology for international payments.
The XRP is down more than 80% from its peak, most major cryptocurrencies will readjust after the sharp rise in 2017. The reference price climbed to more than 3 USD in January, against 0.006 USD early 2017.
XRP, 60% owned by Ripple, is currently the third largest cryptocurrency in the world in terms of market capitalization, behind Ethereum and Bitcoin.
Rising prices (XRP) pushed the expanded market higher.CoinMarketCap
Ripple last year boasted of having signed a number of & nbsp;banks around the world to use its technology,& nbsp; designed to make international payments faster and cheaper, and reject the challenge instead of the Swift bank account holder.
Ripple now claims to have about 200 banks and payment providers on its RippleNet network, including Japanese groups Mitsubishi UFJ Financial Group and Standard Chartered.
XRP, developed by Ripple in 2012 for use on the payment protocol & nbsp; Ripple, however, was boosted last week. after US bank J.P. Morgan revealed that she was developing her own private cryptocurrency to rival Ripple's XRP.
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Ripple (XRP) put an end to the current widespread slowdown in cryptocurrency, adding more than 7% to uncontrolled market movements, following a surprise announcement by Coinbase, the US provider of stock exchanges and portfolios.
Coinbase revealed that today it was going to add a ripple, a common name for the XRP token exchangeable, to its platform for its Coinbase Pro users, as the company begins to beef up its support for different crypto -monnaies.
The news has moved the needle on a number of other major cryptocurrency currencies, including Bitcoin, Litecoin, Bitcoin Cash and Stellar, according to CoinMarketCap's pricing data.
The Ripple XPR has been heavily sold in the last six months, following the decline in the broader cryptocurrency market.Getty
The price of ripple (XRP) is now trading at just over $ 0.32, according to the latest CoinDesk tracker awards.
"XRP will initially be available to users of Coinbase Pro in the United States (with the exception of New York), in the United Kingdom, in European Union member countries supported in Canada, in Singapore. and in Australia, "reads the blog Cornerbase. "Additional jurisdictions may be added at a later date."
Coinbase, based in San Francisco, already supports Bitcoin, Ethereum, Litecoin and Bitcoin transactions and said it plans to add more in the coming months.
The latest development could be seen as a big win for Ripple's XRP, which has always been considered distinct from many other major crypto-currencies.
The Ripple (XRP) support for Coinbase's professional trading platform comes at a time when cryptocurrency investors and traders are nervously waiting for institutional support for crypto, which has long been seen as a rise in the price of bitcoin.
The sudden price increase (XRP) follows a tumultuous weekend for the bitcoin and cryptocurrency market, which saw bitcoin and other crypto currencies skyrocket on Saturday before falling sharply Sunday.
Volatility was attributed to the next Ethereum hard range, set for next Wednesday.
The price of ripple (XRP) has fluctuated sharply over the past few days.Coindesk
"This latest crypto sale is a stark reminder that crypto-assets remain a volatile and developing asset class, and investors must act accordingly." The Bulls will ensure that [bitcoin] Prices can stay at $ 3,800 because it would be a good place to get support, "said Mati Greenspan, Senior Market Analyst at eToro Brokerage.
"Curiously, this slide was led by Ethereum, who lost about 5 minutes ahead of the rest of the market. As such, Ethereum has become an asset to the market. Last week's Miniature Bull Race was led by Ethereum, and this last slide means that this asset strengthens its position as a key signal for investors watching the market.
The price of ripple (XRP) has struggled in the last six months after a wave of excitement following announcements that some major banks would use Ripple technology for international payments.
The XRP is down more than 80% from its peak, with most major cryptocurrencies readjusting after the sharp rise in 2017. The price rose to more than $ 3 last January from $ 0.006. USD early 2017.
XRP, 60% owned by Ripple, is currently the third largest cryptocurrency in the world in terms of market capitalization, behind Ethereum and Bitcoin.
Rising prices (XRP) pushed the expanded market higher.CoinMarketCap
Ripple last year boasted of having signed a number of banks around the world to use its technology, designed to make international payments faster and cheaper, and throw the glove at the bank in place owned by Swift Bank.
Ripple now claims to have about 200 banks and payment providers on its RippleNet network, including Japanese groups Mitsubishi UFJ Financial Group and Standard Chartered.
XRP, developed by Ripple in 2012 for use on the Ripple payment protocol, was boosted last week after US bank JP Morgan disclosed that it was developing its own private cryptocurrency to compete with the XRP. from Ripple.