XRP Adoption And Price Boost: Coinbase Brings XRP Trading For New Yorkers

The crypto space witnessed Bitcoin’s parabolic run with a lot of excitement these days. Now, the price of the most important digital asset in the market is lingering above the $8,000 level, and everyone’s wondering whether it surges again soon.

Ripple’s digital asset, XRP’s price has also moved during this race, and it finally waved goodbye to the same old $0.30 level where the coin has been stuck in for a while.

At the moment, XRP is priced at $0.427947 on CoinMarketCap, and unlike BTC which is currently trading in the red, XRP is trading int the green.

In just 24 hours, XRP managed to surge by 20%, and this number is higher compared to any top 100 coins in the crypto market.

Coinbase launches trading support for XRP for New Yorkers

Oracle Times notes that one of the reasons for which XRP’s price has finally moved up it the fact that Coinbase has launched trading support for XRP for New York residents.

Some might have believed that its price surge has to do with BTC surging but this happened recently again and the fact that BTC went up did not lead to a rise in the price of XRP, so the Coinbase reason is more likely.

But, of course, the BTC rally is also “to blame.”

Coinbase tweeted the news this Monday and said that New Yorkers could “buy, sell, convert, send, receive or store XRP on Coinbase.com or via its iOS and Android mobile apps.”

Following the huge announcement, the price of XRP jumped over 20% to reach a high of $0.39, according to data from CoinMarketCap.

Coinbase is supporting more cryptos

The exchange’s list of supported cryptocurrencies continues to grow.

It currently offers support for Bitcoin (BTC), Bitcoin cash (BCH), Ether (ETH), Ethereum classic (ETC), Litecoin (LTC), Circle’s USDC stablecoin, Zcash, Brave’s Basic Attention Token (BAT), among other cryptos.

One of the latest bold predictions about the price of XRP is that it could hit $10 in the next bull run.

You May Also Like

Leave a Reply

Your email address will not be published.