Ripple Gains 16%, All Eyes on Coinbase

Rumor has it that Ripple might soon get listed on the Coinbase exchange, which should push the XRP price to its previous record levels. Ripple has already gained over 16% today.

Ripple’s value has risen by 16% in the past 24 hours, making it by far the biggest gain in the cryptocurrency market. This highly bullish sentiment is fueled by rumors that Coinbase might soon add the XRP token to its trading platform, an event that has been anticipated since last year.

The third largest cryptocurrency hit a record high of $3.84 in the first week of 2018 on such expectations, but Coinbase denied the possibility at the time. This, along with a general bearish sentiment about the whole crypto market, dragged Ripple below $0.70 on February 6.

Now it seems that Ripple CEO Brad Garlinghouse and Coinbase COO Asiff Hirji are slated to appear together on CNBC’s Fast Money show on Tuesday (March 6). A Xrpchat user claimed CNBC made mention of this before a commercial break, and he even shared a picture displaying the two executives along with two other possible guests.

Some speculate that the much anticipated XRP listing on Coinbase will be officially announced on the Fast Money program. If this proves to be true, we might see Ripple staging another impressive rally, probably hitting a new record high.

Coinbase is the largest crypto exchange in the US and one of the largest in the world. It recently reported annual revenues of over $1 billion and has more than 11 million users. It suffered recent problems where a glitch charged users more than necessary and also has two lawsuits filed against it. Nevertheless, the San Francisco-based company remains one of the biggest players in the market, and Ripple will greatly benefit if it gets listed there.

It was recently reported that Coinbase would add 500 new members to its staff, with 90 of them set to start work today. This is also viewed as a preparatory move ahead of Ripple’s arrival as demand for XRP trading will increase, and more personnel will be needed.