XRP jumps 22% after Coinbase news and ETN in Germany

14 May, 2019
by Jelmer van der Dussen
Breaking News
XRP jumps 22% after Coinbase news and ETN in Germany

XRP is finally making moves, gaining 23% in the last 24 hours following good news from the United States and Germany. Coinbase has enabled trading XRP for residents from New York, while German stock exchange Börsse Stuttgart added a XRP ETN.

This has led to a big price jump for the third largest cryptocurrency in the space. XRP is worth $0,40 at the time of writing.

XRP holders living in New York have waited for a long time for the token to be added to Coinbase. Now finally, the platform has added buying, selling, converting, sending, receiving and storing to Coinbase for users who are New York residents. As this XRP holder below here points out, this makes it a lot easier for Wall Street Money to flow into XRP. XRP was already available for trading for other users.

Also good news for XRP was the fact that Börse Stuttgart, the second biggest stock exchange in Germany, has approved the listing of XRP and Litecoin exchange-traded notes (ETNs)'. This is a first in Germany. ETNs are regulated, transparent and protected instruments that investors can use for investing in different types of assets.

XRP holders have waited a long time for the price of the Ripple token to move. XRP was one of the worst performers compared to Bitcoin this year, but now has made a huge move of 23%, with BTC also rallying 13% at the same time, breaking $8000 after a big news day.



XRP/USD Chart provided by Tradingview

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Read more about: Ripple (XRP)

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