XRP Dips Below $0.30 as Coinbase Suspends Trading

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Tue, 01/19/2021 - 19:07

Alex Dovbnya

XRP, the fifth-largest cryptocurrency, is no longer available on Coinbase

XRP Dips Below $0.30 as Coinbase Suspends Trading

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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.

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.

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

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

#Ripple News

About the author

Alex Dovbnya

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.