Home Blockchain News Here’s Why Ripple’s (XRP) 14% Coinbase Pump Rally Could Fizzle Soon

Here’s Why Ripple’s (XRP) 14% Coinbase Pump Rally Could Fizzle Soon

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Ripple (XRP) broke out of the wider cryptocurrency bearish bias on Monday, rising as much as 14% after Coinbase Pro’s announcement. The San Francisco-based crypto exchange had stated that it would add XRP to its basket of tradeable assets to diversify its offerings. The news led to an improvized buying sentiment in the XRP market, given Coinbase Pro’s regulated status in the US, supported European Union member nations, Canada, Singapore, and Australia. As a result, traders purchased up to $1.3 billion worth of XRP tokens, leading to an increase in its market capitalization. The move further adjusted XRP-to-Dollar exchange rate

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* First published on ccn.com

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