The Ripple XRP token was the favorite of the encryption markets 24 hours ago with unbridled speculation that the cryptocurrency will finally take its place in the Coinbase exchanges. But it was not like that.
The prices reached a maximum of 12 days of $ 1.08 before Coinbase poured cold water on the enthusiasm, making clear through Twitter that it does not intend to add XRP to its existing peers.
Fueling the rumor, there was talk that Ripple CEO Brad Garlinghouse and Coinbase president and COO Asiff Hirji will appear together on CNBC's "Fast Money" on Tuesday. Later, an article by CNBC confirmed the appearances, but said they were separate and unrelated interviews.
Note: We mentioned yesterday about the care that should be taken with this type of unconfirmed news, as it could leave many trapped in XRP operations. For some investors this type of news was the key to profit taking. If you invest in term you should not have any effect on your investment.
The twin rebuttals appear to have detracted from the XRP rally, bringing prices to a low of $ 0.93 shortly before press time. The cryptocurrency has now dropped 11.58 percent in 24 hours.
More generally, Korean exchanges are boosting the volume of XRP operations, with Bithumb, Upbit and Coinone accounting for about 38 percent of the total seen in the last 24 hours.
The analysis of the price chart indicates that the 12-day reversal of yesterday has weakened the bulls, but the slightest of the positive comments from Ripple's CEO, Garlinghouse, could place an offer under the cryptocurrency once again.