Confirmed - XRP Listed on Coinbase Pro - Price Spiked 11.36%

Confirmed - XRP Listed on Coinbase Pro - Price Spiked 11.36%

Confirmed - XRP Listed on Coinbase Pro - Price Spiked 11.36%

XRP is launching on Coinbase Pro. Last fall, in October of 2018, Coinbase received approval from NY for custody services for a number of assets, including XRP, according to Crypto Insider. If this comes to completion, all bets are off and Ripple (XRP) investors might have to wait a long time for the price to recover even to its current levels.

For the past few weeks, there have been some signs that Ripple (XRP) might do something out of the ordinary to make another run while the rest of the market trade sideways or enters another extended correction. At the back of high transactional volumes and optimism, Ripple (XRP) bulls reversed losses of Feb 24. So far, Ripple Labs has staved off any SEC decision with a well-armed legal team.

Mired by security talks and the failure of the SEC to once and for all clear the air and classify properly classify XRP, the inclusion is perhaps a testament that XRP is indeed what Brad Garlinghouse and other executives have been insisting on decentralization. We believe that Ripple (XRP) enjoyed that position and it gave it a sense of credibility and acceptance that we have not seen before.

Transfer-only.Starting after 10am PT on February 25, customers will be able to transfer XRP into their Coinbase Pro account. Questions linger and whether CoinBase customers will someday buy XRP like they do Bitcoin and Litecoin remain unanswered.

At the time of the move, XRP's market capitalisation rose by roughly $1 billion, according to CoinMarketCap. In 2018, Ripple hit a company record for the most amount of XRP sold in a year, selling $535 million.

XRP is outperforming other assets like TRX and BNB. The token is now available on the exchange's professional trading platform, Coinbase Pro (formerly GDAX), while the company's Android and iOS apps to follow later. As part of their digital asset regulatory framework, CoinBase is very stringent on what kind of asset it avails to their customers. 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.

As usual, crypto participants took to Twitter to express a variety of opinions and sarcasm regarding today's Coinbase announcement.

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