(ORDO NEWS) — Ripple is still optimistic, despite the news that Coinbase Wallet will stop supporting this asset in the near future. As of December 1, the quotes of the coin are held at $0.4, having added about 2% per day. During the week, XRP has risen in price by almost 7%.
In recent weeks, the coin has been trading steadily in the green zone, largely ignoring the overall price dynamics in the crypto market. However, the potential delisting of the asset on the Coinbase exchange could be a catalyst for the development of a bearish correction.
Representatives of Coinbase Wallet announced that from December 5 they will stop supporting a number of assets, including Ripple, Bitcoin Cash, Stellar and Ethereum Classic. According to experts, this decision is due to low user demand for these coins.
In turn, analysts believe that the bullish trend of XRP was the result of certain victories by Ripple Labs during a protracted litigation with the US Securities and Exchange Commission (SEC). Many experts suggest that in the end, the judge’s verdict may be in favor of Ripple Labs, which will contribute to the steady growth of XRP.
In the light of the announced events, many analysts are trying to predict the further dynamics of Ripple. For example, the well-known crypto expert Mikael van de Poppe believes that the asset can reach $0.49 in the near future. According to the expert, if the quotes stay above this area, then there will be room for up to the global extreme of $1.
Currently, the crypto community is awaiting the completion of litigation with the American regulator. Most of the technical ones are neutral, which may indicate some kind of market consolidation.
Contact us: [email protected]