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Ripple XRP Craters on Coinbase News

Ripple XRP Craters on Coinbase News

Wild speculation and unfounded rumors that Coinbase would be offering XRP trading were unfounded; as a result Ripple XRP Craters on Coinbase News that they are not offering XRP trades at the moment.  Today XRP hit a low of $2.45 and hovered around and about $2.65 most of the day.

Putting aside opinions of Ripple XRP as a manipulative instrument of the global banking institution as a whole, this cryptocoin investment is wildly speculative in ways not even Bitcoin itself.

XRP ran to wild new highs on speculation over the past 48 hours that Coinbase would implement Ripple XRP trading as early as today.  Apparently Coinbase took notice and responded quickly with an official statement…

Ripple XRP Craters on Coinbase News

Ripple XRP Craters on Coinbase News shouldn’t come as shocking news to any cryptocoin trader; wild highs and depressing lows come freely and easily when wild speculation with an absence of facts take over reason.

All that being said we’re not surprised by the fact that Ripple XRP Craters on Coinbase News.  Not to take sides but I must say that the centralized nature of XRP flies in the face of what cryptocoin is meant to be.  We need look no further than Bitcoin when considering what cryptocoin is meant to be.

What’s next for Ripple? I won’t even begin to speculate even if I had a perfectly functioning crystal ball.  Ripple has been on the rise over the past few weeks which is an unmistakable fact.  What may happen next is hard to predict even among the smartest people in any given cryptocoin trading room.  So what’s next for cryptocoin investments? Pardon me for sounding like a parrot but the answer remains Bitcoin.  It remains far and away the gold standard in Bitcoin investments.  I advise against seeing any shortcuts to cryptocoin profits and stick with a winner with a proven track record.