Ripple XRP Surges on Coinbase Rumors

[scanpay]

The value of Ripple surpassed a key milestone Thursday, solidifying an incredible year for the world’s fourth largest cryptocurrency.

XRP/USD Price Levels
Ripple’s XRP token rose above $1 on Thursday for the first time, adding more than 41% to $1.004. Short-term gains are still possible, based on the technical indicators, which show major targets at $1.10, $1.25 and $1.50.

Trade volumes over the past 24 hours reached reached $3.9 billion, with South Korea’s Bithumb processing a quarter of all transactions. Bitfinex, another popular cryptocurrency exchange, processed 10.5% of total transactions on Thursday.

Ripple peaked at $1.10 Thursday morning for a market cap of $42 billion, according to CoinMarketCap. The token has risen 160 times in value this year from an initial price point of less than 1 cent.

https://imgur.com/zWXbWDb

Coinbase Rumors
The latest rally is being fueled in part by rumors that Ripple may soon appear on Coinbase, where it would join the elite company of bitcoin, Ethereum, Litecoin and, more recently, bitcoin cash. Coinbase, which has more than 13 million live accounts, is one of the world’s most popular crypto exchanges. Extending support to Ripple would likely generate greater buying interest in the token.

Coinbase is reportedly considering adding several cryptocurrencies to its basket next year. If that’s the case, XRP is likely on the short-list, given the coin’s growing profile in corporate circles. The company recently announced a partnership with American Express to solve liquidity issues in remittances. Under this partnership, Ripple will help AMEX achieve instant blockchain-based payments.

TechCrunch founder Michael Arrington is also launching the creation of a $100 million crypto ledger called Arrington XRP Capital. As the name implies, the hedge fund will use XRP to pay distributions, salaries and other fees.

At the same time, financial institutions such as Standard Chartered are building a cross-border payment system on top of technology developed by Ripple. The platform will connect corporations across vast geographical distances.

It’s not just positive news that’s driving Ripple’s price gains. As we showed earlier, South Korean trading desks are on fire for XRP. As Kenneth Rapoza of Forbes reports, Asian traders are “going mad” for Ripple. This euphoria extends far beyond traders to include financial institutions as well. Ripple recently reported that a coalition of 61 Japanese banks and two of South Korea’s largest banks will launch a new digital payment platform on its blockchain, thereby bringing more institutional players to the mix.

“This initiative will be the first time money moves from Japan to Korea over RippleNet,” Team Ripple announced last week.

[sydneyhero]

Time to buy more Ripple 

[scanpay]

Yes, I think that's a great opportunity for us

[covfefe_]

It's the Ripple owners spreading the rumors. It's all time high and the large investors will do anything to cashout some profit from the new investors.
Not a good time to buy as a investor.

[Bessta]

Time to shine ripple. It's been a long wait. Now is the moment to invest after you've solidify and shown your inner strength. Go ripple.

[Kyecerulian]

Holiday optimism? I'll love to see how this plays out over the next few weeks.

[sotoshihero]

Time to buy more Ripple  

Hmm I think lets just observed first as it might also fallback after its highs. I know this is a good coin and  I would say, just buy always on its dips. Also in addition, this is a good for long term hold.

This coinbase rumors that xrp will be added is already pickup on mainstream, it really helps the xrp price.

[abeke]

Looks like I sold all my XRP to early  Good time to buy some XRP again. Will there be correction to buy cheaper? They say buy on rumors sell on the news.

[cryptohunter]

xrp = scam

[nexus2k14]

Coinbase should add Ripple XRP long time ago, it's not no-name project that is running on hype or pump and dump coin, it's a solid digital currency with the good development team and recently hired new communication manager Tom Channick (ex. Facebook com. manager). As long as I remember XRP was always high on CMC.
I personally don't have XRP, don't like their total supply (billions) and centralized structure but must say is not bad project and is here a long time.

[Kryten12]

I think the Ripple story is only just beginning, it has languished in the sub $0.30 range for quite some time, but the fact that alot of the banks will utilise Ripple is what makes it an exciting propsect going forward.

[RNGfight]

XRP is a very good token. It has cooperated with Banks and has a high reputation in the world. Although it is large, I am still optimistic about its future.

[LogitechMouse]

Its just a rumor but it surges its price and got the 1$ mark. Its a good news for the XRP holders since it increase by nearly 100-200% I think. Ripple has a good future as we can see because it is connected with the banks and its at the top 10 in coinmarketcap. This is just only the beginning of the ripple and if this trend continues, we can see that ripple will surpass bitcoin cash's market cap.

[cryptotitan]

If this is soon to be news,this would make its price multiplied exponentially,its time to hodlers to claim their long term holdings.

[myhoho]

I will wait for more price correction. at least %50 price drop is fine for me to jump in.
Patience is what i do best. this maybe cause of age.

[Fire26]

Hey I'm new here - does anyone know approximately when in 2018 Coinbase is planning on adding new currencies to their platform? And atm are there are any other clear frontrunners to be added besides Ripple (XRP)?

[rayk]

I don't have ripple but if I had, I would probably sold all of them since I think there will be correction to $0.5, $0.6 I would buy more at these price.

[cryptonero]

Though it still rumored to be listed in the coinbase,many of the people are buying this coin thats why the price still surging up until now.

[mangkanor]

This is very good news for all the holders since it was around $0.2 but if you want to invest on it today its very risky no one knows how far it will go.

[bmv143]

I think the Ripple story is only just beginning, it has languished in the sub $0.30 range for quite some time, but the fact that alot of the banks will utilise Ripple is what makes it an exciting propsect going forward.

Before the banks announced the ripple, the coin had a low price at the moment, it went up well. Now you can wait for the coin to be added to Coinbas for a sharp flight to the moon.