By Leah Hutton (Luxembourg)
XRP is on fire on the most famous cryptocurrency exchange Coinbase. The recent data shows that 85% of traders on the Coinbase are attracted to buying XRP. Moreover, it is also observed that it is the 5th most favored cryptocurrency on the exchange which shows the interest of investors and traders towards Ripple.
A Ripple enthusiast with Twitter username @Stedas tweeted with a screenshot of Coinbase’s data about XRP. The 85% are preferring to buy XRP tokens on the platform. And the time for holding the coins on the platform is approximately 84 days. The data in favor of Ripple shows the interest of traders is a very positive signal for the Ripple foundation.
On Coinbase 85% of traders are currently buying XRP and typical hold time is 84 days
XRP hasn't been this oversold since August 2018. RSI in deep red#XRP #crypto #fintech pic.twitter.com/F96ulJAfyz
— XRP_Cro
AI / Gaming / DePIN (@stedas) December 18, 2019
What MoneyGram CEO says about Ripple?
The current position of the Ripple cryptocurrency in terms of price value is not very satisfactory. Community users of the foundation are expecting that the adoption of the coin over a wide range can ignite the price value upward. The CEO of MoneyGram passed over mixed comments about the Ripple in his recent interview on CNN.
Also read:On the one hand, he said that Ripple would transform the payment system as it has potential in it. But on the other hand, he said that only 10% of transactions are done between Mexico and the US through the ODL of Ripple. It would take a long time for XRP to be as fully operational. It means that Ripple has a long distance to cover for its adoption as the global payment currency.
XRP Price
Currently, the price is hovering at $0.18 with a -8.60% change in the past 24-hours. The XRP coin is not just down but the whole market is down today. The senior analyst, Mati Greenspan said:
The entire crypto market seems to be in a bit of a slump at the moment. The losses in XRP are more likely a reflection of that than anything else at this time.
Another crypto expert, Jacob Canfield, speculates about the future value that it may drop to even $0.10.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.