XRP Dips Below $0.30 as Coinbase Suspends Trading

News
Tue, 01/19/2021 - 19:07
article image
Alex Dovbnya
XRP, the fifth-largest cryptocurrency, is no longer available on Coinbase
XRP Dips Below $0.30 as Coinbase Suspends Trading
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Coinbase, the number one U.S. exchange, suspended XRP trading at 6:30 PM UTC. The move — which was prompted by the SEC lawsuit against Ripple — was initially announced on Dec. 29.     

Related
Jed McCaleb Dumps 28.6 Million XRP After 25-Day Pause

XRP has lost over three percent shortly after Coinbase halted trading, dipping below the psychologically important $0.30 level.

XRP
Image by tradingview.com

According to Messari data, Coinbase Pro is the third-largest exchange in terms of daily XRP trading volume.     

Rivaling exchange Kraken is also set to abandon XRP on Jan. 29.         

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.