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Ripple [XRP] price over $1 – Coinbase rumors escalating the cause?

Sthuthie Murthy



Ripple [XRP] price over $1bn - Coinbase rumours escalating the cause
Source: Pixabay

Cryptocurrency market enthusiasts would have noticed a rise in the XRP price with a solid 17.60% gain over the past 24 hours. Prices are getting spicier!

The recent Ripple [XRP] price increase comes on the heels of further speculation about Coinbase or GDAX enabling trading of Ripple’s native asset. Coinbase has denied all such possibilities at this time.

These existing rumors are effectively fueling the XRP price spikes and have pushed it over the $1 barrier. It is interesting how XRP bounced back to above $1 despite the issues the entire cryptocurrency markets have been facing over the past few weeks.

With a market cap of $41.57 bn and ranked 3rd in coinmarketcap, everything seems just right for Ripple.

Majority of XRP’s trading volume originates from the Bithumb exchange considering the fact that South Korean exchanges tend to inflate the trade volumes quite often. Binance takes the second position, albeit having a very small lead over Upbit. With 3 Korean markets in the top 5, it is an interesting race of evolution of these exchanges and the crypto market as a whole.

Harry, a crypto blogger says:

“The momentum behind XRP and Ripple is now a freight train!”

Mark Thomas, an XRP investor tweets:

“I think Brad Garlinghouse is smart enough to know that, by going on fast money with COO/President of coinbase there will be rumors that might hurt the prices of XRP if a certain announcement isn’t made…. He is very smart and knows what he’s doing.”

Brad Garlinghouse, CEO of Ripple himself tweeted a few days ago stating:

“The revolution of Blockchain is not going to happen outside of the financial system, it will happen from within.”

Certain analysts believe that Ripple at this time is going through ‘hype and speculation’ stage especially after multiple partnerships but unchanging prices until yesterday. The current change in value will have XRP believers on their feet after a dead, cold February.

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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1 Comment

1 Comment

  1. Avatar

    Bob Donovitch

    March 6, 2018 at 12:03 AM

    Nothing like shilling a coin hey….

    Just wait until an already beleaguered CoinBase doesn’t add XRP… Then teh crash will be swift and potentially fatal.

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Bitcoin [BTC] is still going to $100,000, claims Heisenberg Capital’s Max Keiser




'Bitcoin is still going to $100,000', says Max Keiser
Source: Unsplash

CNBC’s Crypto Trader Ran NeuNer, spoke to Max Keiser, Co-founder of Heisenberg Capital on the sidelines of the Magical Crypto Conference and discussed Bitcoin’s current trends.

Keiser said that he was bullish on Bitcoin in the long term, adding that he would be sticking by his “$100,000” prediction for Bitcoin. He stated,

“I never stopped make price prediction… I said it [Bitcoin] was going to a hundred thousand dollars and it was only a dollar and I said that all publicly… it is still going to a hundred thousand dollars”

He added that the timing of when Bitcoin would reach the mark was not important, but that it would outperform every other asset over the next 15 years. Additionally, he said that timing was only for people who were waiting to buy crypto at a better price and “that is a bad way to approach crypto.”

Keiser displayed his enthusiasm for crypto, commenting that, “Stack Satoshis… Stack SATs… you should be stacking SATs.” Giving his opinion on Bitcoin’s recent rally, Keiser said,

“I think that it goes back to when Federal Reserve issued a statement saying that they’re moving the policy to permanent quantitative easing… which means money printing without end. As you know Bitcoin is hard money, like gold, and it is going to respond well to hyperinflation and hyper-money printing.”

Further, Keiser claimed that Bitcoin bottomed when the Federal Reserve announced this a few weeks ago and that this was due to a couple of reasons. The first being Bitcoin’s upcoming halving which highlights the scarcity of Bitcoin. According to Keiser, the second reason was that the sellers were exhausted. All the above reasons, in totality, contributed to Bitcoin’s price rise, claimed Keiser.

Since Bitcoin has already proven itself as a store of value, Keiser remarked that it would be best to concentrate on Lightning Network, a layer-two scalability solution for Bitcoin and improve it as a medium of exchange.

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