xrp officially back on coinbase xrp to 75 000 rumors began to circulate in the market again
but the coinbase crypto exchange will re-list the xrp token although the trading platform
later refuted them the renewed conversations of such content indicate that market participants
despite the ongoing ripple and sec litigation are looking forward to the resumption of xrp trading
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xrp watch the video to the end to like and subscribe the ground for talk that coinbase
will resume listing xrp suspended at the end of 2020 due to an sec lawsuit against ripple
was given by technical problems on the trading platform because of them users at some point
were surprised to find xrp tokens on the coinbase pro platform after that a message appeared on the
social network twitter that coinbase will start trading xrp again however it was soon deleted
with the statement that the information may be unreliable investors took the rumors about the
re-listing of xrp with great optimism at the moment the market price of the token jumped by
more than 10 percent exceeding the one dollar to mark after the rebuttal from coinbase the
xrp rate fell along with the entire crypto market and is now trading just above zero dollars seven
nevertheless rumors about the resumption of the listing although unreliable are a good signal for
xrp indicating that coinbase users are waiting for the token to return to the site after all
the current talk about relisting is not the first time recently in april of this year similar rumors
have already appeared on the market then the cryptocurrency rate jumped by 18 at once although
it later adjusted downwards market participants are looking forward to the resumption of xrp
trading on the coinbase platform they see the sec and ripple litigation dragging on in 2020 the
financial regulator accused the company of selling officially unregistered securities totaling one
three billion rubles but the sec has still not been able to prove its accusations and this
inspires hope that the court will not find ripple guilty and the company's problems with justice
will soon end in this case xrp will be able to return to coinbase which without a doubt will
once again return the rate of this cryptocurrency above the psychological mark of one dollar and
open the way for it to the level of one dollar five and even possibly two dollars per token
it all started with the transfer of 40 million xrp to the coinbase wallet on february 17th
now why would coinbase transfer 40 million xrp to its exchange a week before biden's executive order
on crypto recall that the coinbase crypto exchange was the first to suspend xrp trading in january
2021 after initiating a lawsuit but it's not the first time that rumors about relisting appear
we wrote about it here this idea is being actively promoted in the blogging environment
allegedly the crypto exchange knows about some agreements between ripple and the sec
so far of course this idea is not attached to anything and gives amuse for the creativity of
crypto bloggers that's just the interest of the public is fueled by transfers between internal
wallets as it turned out of the coinbase exchange we also remind you that the crypto exchange has
suspended only trading with all xrp pairs but it allows users to store replenish and withdraw xrp
without any restrictions banco galicia one of the largest banks in argentina has reportedly become
the first bank in a south american country to offer its clients cryptocurrency trading services
currently customers can buy sell or store only four crypto assets bitcoin dollar btc ether dollar
eth usd coin dollar usdc and xrp although the bank says it does not exclude support for other crypto
assets in the future banco galicia founded in 1905 calls itself the most important argentine private
bank and is a subsidiary of grupo financiero galicia which is a financial services holding
company based in buenos aires on may 2nd argentine economist ignacio esteban carballo tweeted several
screenshots from the bank's new crypto service then he told some details about the company
providing storage services for the curious storage by a third-party company like paxos with paypal
in the usa and mercado pago here it is called lyrium initially it will only be a closed cycle
buying and selling pesos crypto without mobility between users platform we'll have to see how it
goes lyrium is a great company that employs a lot of argentine and latin american talents
many of whom previously worked at zappo as paxos becomes the dominant player in the world it is
nice to see that the market of regional providers is developing he continued it was a secret of the
policy that banks and fintech are studying this model after international cases such as paypal
robin hood mercado pago bbva the amazing thing is that the first step is taken from the bank and it
starts generating a domino effect as soon as the cryptocurrency as a service model is launched we
will undoubtedly soon see this development in almost all financial players who seek to stand
out in innovation what does it mean that the only crypto players should also be different in a word
the best has already arrived finally he posted the following image of the bank's announcement
of the new service which contains the following explanation of why this service was introduced
we conducted a survey of our clients and more than 60 of them want to include these assets in
their investment portfolio while the youngest public needs them the most a few hours later
brobank a digital argentine bank headquartered in buenos aires tweeted that it had also started
rolling out a cryptocurrency trading service to select customers currently bro bank supports the
following crypto assets dollar btc dollar eth dollar usdc and dollar dai hoyen and breubenkarg
habilitaron crypto tonto stable coins como btc-y eth imprision and k desdi and banco habilitado
por lbcras equatan comprar crypto monetas la revolution crypto lego paraquadars bravo on the
daily chart the price of xrp in today's session is moving like a roller coaster in april the token
depreciated by almost 35 percent the downward momentum pushed the price to multi-month lows as
the sales momentum in may was still maintained in addition the price is subject to further downside
risk as the 50-day sma continues to make it difficult for the asset to recover the main
support area is at zero dollars 55 a break below may lead to an additional drop in the price a
sharp drop in the price of xrp is now expected as a higher volume together with a large red candle
provides a breakthrough of long-standing support at zero dollars 55 with an eye to zero dollars 40.
on the other hand the recovery of bullish investor sentiment may push the price up but the price has
to face zero dollars 65 to re-test the 50-day ema exponential moving average at zero dollars 71.
the daily relative strength index rsi has dropped sharply below 40 indicating bear activity in xrp
a large volume from a higher zone can lead to an even greater drop in the asset the live xrp price
today is zero dollars 88 us dollars with a 24-hour trading volume of 3 billion 740 million us dollars
we update our xrp to usd price in real time xrp is down zero four percent in the last 24 hours
do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel