So everyone knows about the relisting of XRP on coinbase. Earlier this month, the crypto exchange giant was seen trading XRP. The page even showed free cross border XRP and USDC payment services. According to the content on the page, Coinbase users could make fast international payments using XRP and USDC from one Coinbase account to another without paying any transaction or receiving fees. This service was also supported globally, according to the webpage, including India, Mexico, and the Philippines.
The trading pairs of XRP shown on the page lead many traders to believe that the exchange has relisted the digital asset. After that, the value of XRP skyrocketed. However, it did not last long. When users assumed that the token had been re-listed on the exchange, the price of XRP increased by 13%. Ripple, on the other hand, plummeted 10% after Coinbase denied the relisting speculations, wiping all the day's gains. Coinbase's dismissal of the rumours as a technical malfunction sent the token's price back down. Soon after that, Coinbase took it to their social media to clear away the misunderstanding.
“As previously announced, Coinbase has suspended trading in XRP. Due to a technical issue, XRP was temporarily viewable on the Coinbase Pro mobile app for some customers but was not tradeable.”
For some in the cryptosphere, this explanation was insufficient. Users on social media speculated that Coinbase was attempting to ‘troll' the US Securities and Exchange Commission (SEC) in response to the SEC's recent threat to pursue a lawsuit against the crypto exchange.
Split capital on twitter shared, Seems like, at this point, Coinbase is just itching to get in a fight with the SEC. Good for them, I’m excited to see them really crush these hall monitors.
Now, Coinbase is rumoured to be reintroducing XRP trading on its platform soon. A Reddit user noted that the Coinbase app states “trading not yet available.” Whereas previously it said, “this asset is not supported by Coinbase.” This means that they are planning to relist the coin. The relisting was not a glitch. It was just a hint that coinbase is considering to relist XRP. Even the court has said that the crypto exchanges that will relist XRP, won’t be violating the law.
The value of XRP increased as a result of the abrupt relisting. What would be the price when Coinbase genuinely relists XRP if the relisting, which is only supposed to be a malfunction, produced such a strong momentum in the value?

#XRP #Ripple
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