Ripple’s price is on a downhill right now, but there are still some upcoming events which might bring it back. Talking about Ripple’s price, the XRP token is currently valued at $1.71 per coin which represents a 29.51% drop in comparison with the previous day. While things might not be looking good for Ripple, this doesn’t mean that stock investors should just give up on it and here’s why.
Ripple on Coinbase
Millions of people invested in Ripple XRP stock during the previous month in hopes that Ripple will arrive on Coinbase. However, neither the developers who are in charge of Ripple nor Coinbase are confirming anything.
The reason why Ripple’s introduction on Coinbase matters so much is that as history shows, all altcoins that were added on Coinbase which is the world’s largest cryptocurrency exchange platform doubled their price in only a couple of hours.
Ripple is on Sale
Stock investors who believe in Ripple are saying that XRP’s price drop is basically a sale. There are still many people who are buying XRP tokens expecting that it will be listed on Coinbase during the upcoming future which means that XRP’s price will skyrocket.
Sadly, there is no way of telling if this is ever going to happen since neither Ripple’s developers nor Coinbase wants to verify any information. Although, the reason why nothing is being confirmed officially is that the two companies don’t want to influence the cryptocurrency market and be accused of boosting their own shares in order to sell them at a higher price.
CEO of Coinbase Statement
The only valuable information that we have regarding Coinbase’s future actions comes directly from Brian Armstrong who is the CEO of Coinbase. This is what Brian Armstrong had to say about Ripple: “Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains”.