According to some estimates, XRP accounts for a major chunk of trading volume at Coinbase. Delisting or suspending XRP trading could potentially mean a loss of revenue for the exchange.
What happens if a crypto gets delisted?
When an asset gets delisted from an exchange, all of its trading pairs are removed. The asset can still potentially be traded on other exchanges (such as decentralized exchanges), or through over the counter trading (OTC), but trading activity on the exchange that delisted that asset will cease.
Can XRP be delisted?
Ripple’s woes multiply as Blockchain.com becomes the latest exchange to suspend trading of XRP. Popular wallet provider and crypto trading platform Blockchain.com has announced it will be delisting XRP and suspending its trading next week, following in the steps of Coinbase, Binance.US, OKCoin and others.
How long will Coinbase suspend XRP?
XRP trading on Coinbase Pro has moved into limit-only* on December 28, 2020, and has been fully suspended for both Pro and Coinbase.com* on Tuesday, January 19, 2021 at 10 a.m. Pacific Standard Time. We’ll provide additional updates, if any, through the Coinbase Support Twitter account.
Why is Coinbase stopping XRP?
Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple. Coinbase said it will suspend trading of XRP, the cryptocurrency at the heart of a U.S. Securities and Exchange Commission lawsuit against Ripple Labs claiming the token is really a security.
Is Coinbase going to delist XRP?
Coinbase will suspend trading and deposits in XRP (XRPUSD), the world’s third biggest cryptocurrency by market capitalization, starting Jan. 19, 2021. … Crypto traders will be able to withdraw and access XRP in their wallet even after the trading suspension.
Is XRP a good investment?
According to WalletInvestor.com, XRP is a “bad, high-risk one-year investment”. … For the long-term, the service predicts XRP to end 2021 hovering around $0.323 and reach $0.4030 by the end of 2023, which would represent a growth of more than 58 per cent from its current price.
Will XRP bounce back?
XRP technical outlook
Notably, the currency has formed a bearish pennant pattern, which implies that it may not bounce back in the near term. Therefore, there’s a possibility that it will drop to $0.15 in the next few months.
Will XRP rise again?
What will Ripple be worth in 2021? Ripple will rise in the long run due to all new developments, partnerships, and upgrades. By 2021, XRP might even touch the $2 mark.
Will XRP win the lawsuit?
Ripple is unlikely to beat the Securities and Exchange Commission’s lawsuit alleging the company violated federal securities laws by selling the digital asset XRP without registering it as a security, in our view. … The regulatory case is Securities and Exchange Commission v.
What will happen to ripple XRP?
“Ripple, the company, may be insolvent by the end of 2021 if it can’t raise money by selling XRP and its other products aren’t profitable. … “Whatever happens to Ripple, XRP will continue to exist. It exists independent of the company.
What’s the future of XRP?
Conclusion: Is Ripple a Good Investment and What is the Future of Ripple?
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Where should I store my XRP?
One of the most secure ways of storing your digital currency, including Ripple, setting up a paper wallet, as it is not connected to the internet. The easiest way to create your Ripple paper wallet is to utilize the Minimalist Ripple Client.
Should I buy XRP 2020?
Investing Haven, a crypto prediction website has made an optimistic bullish prediction for 2020 as it believes that 2020 is going to be a flawless year for Ripple. They have stated that XRP might reach as high as $20 by 2020 as it thinks XRP has the highest potential, amongst all other cryptos.
Can ripple reach $10000?
Ripple XRP will never reach $1000. This is because its total circulation is less than 100 billion, which means it would need to have a market capitalisation of $100 trillion in order to hit a price of $1000.
What happens if ripple wins lawsuit?
The Ripple lawsuit is important because if the SEC wins their case, XRP will be treated as a security and not a currency in the United States. This will broaden the definition of the Howey test, setting a legal precedent that could result in other similar cryptocurrencies also being classified as securities.