However, the Ripple markets suffered one of the more significant sell-offs, driving the XRP price down 11 procent to a present value of $0.94 after trading spil high spil $1.08 on Monday.

However, the Ripple markets endured one of the more significant sell-offs, driving the XRP price down 11 percent to a present value of $0.94 after trading as high as $1.08 on Monday.

The Ripple price posted a double-digit percentage decline on Tuesday after cryptocurrency exchange and brokerage verhoging Coinbase squashed rumors that it had determined to add XRP to its list of supported assets.

Ripple Price Posts Double-Digit Percentage Decline

The cryptocurrency markets made a comprehensive retreat on Tuesday, and more than 90 of the top 100 cryptocurrencies lost value against the US dollar.

However, the Ripple markets suffered one of the more significant sell-offs, driving the XRP price down 11 procent to a present value of $0.94 after trading spil high spil $1.08 on Monday. XRP now has a circulating market cap of approximately $36.8 billion.

Ripple Price Chart

XRP trading volume is still strenuously concentrated on South Korean exchanges, albeit somewhat less than it wasgoed on Monday. Bithumb’s XRP/KRW trading pair accounts for almost 26 procent of all Ripple volume, while fellow XRP/KRW markets Upbit and Coinone comprise another 12 procent. Thesis Korean exchanges are now pricing Ripple at a four procent premium overheen its value te other markets.

Coinbase Squashes XRP Listing Rumors

While it is true that cryptocurrencies fell across the houtvezelplaat, Ripple’s decline wasgoed more than dual that of the index, which fell by about five procent.

This is likely because, spil CCN reported, the XRP price had bot buoyed by rumors that Coinbase would announce support for Ripple this week. Similar rumors have swirled for several months, presumably because Ripple is the only top five-cryptocurrency not listed on Coinbase. At present, the podium supports Bitcoin, Ethereum, Bitcoin Metselspecie, and Litecoin.

Ripple backers strongly believe that XRP will be added to Coinbase ter the near future. However, the company tweeted on Monday that it had “made no decision to add extra assets to either GDAX or Coinbase,” adding that any “statement to the contrary is untrue and not authorized by the company.”

Unsurprisingly, Coinbase’s statement took the wind out of the rally’s sails, and the Ripple price quickly dropped below dollar parity and continued to decline spil the market began its comprehensive retreat.

Featured picture from Shutterstock.

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3 Responses

  1. babyangel says:

    Coinbase should take this spil a learning practice going forward.

  2. erika h says:

    But what they did not say at the embark that they are going to kwestie them very late, at the early 2018, which is pretty bad spil the price is very likely going to be much lower by then.

  3. whit86 says:

    I think this is a superb case explore moving forward when other coins split, even tho’ I didn’t support Bcash I did want everyone to have to capability to access their rightful tokens. The argument now is everyone should be responsible for their deeds and Coinbase laid out their project of activity weeks ahead of the hardfork. However I reminisce when Poloniex had to zekering serving residents te one state and many of those members never got an email or warning when logging on the webpagina. I’ll keep an eye out on the story even I don’t know who’s right or wrong on this one.

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