FAQs
Coinbase, a cryptocurrency exchange, has re-enabled XRP trading for its New York customers as of Thursday, following a suspension that began in January 2021.
Is Coinbase relisting XRP? ›
XRP has been relisted on Coinbase in New York. And this news came straight from Paul, who is Coinbase's chief legal officer.
What happens to my XRP on Coinbase? ›
Support for BCH, ETC, XLM, and XRP in Coinbase Wallet was discontinued on February 20, 2023, due to low usage. If you held these assets, they will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.
Will XRP go up if they win lawsuit? ›
Understanding the correlation between legal resolutions and market performance is crucial. If the dispute with the SEC reaches a favourable final conclusion, it's reasonable to anticipate that investor interest in XRP could spike. This would likely fuel new growth and potentially lead to an uptick in its price.
How to cash out XRP on Coinbase? ›
Cash out your funds
- Sign into Coinbase.com.
- Select My Assets.
- Select your cash balance.
- Select Cash out and enter the amount.
- Select Transfer to and choose the destination.
- Select Review.
- Select Withdraw cash.
If the crypto market cap hits $3 trillion and XRP retains its current 1.10% dominance, its price could ascend to $0.589 by 2025. In a more bullish scenario of the crypto market surging to $10 Trillion, the price of XRP could soar to a staggering $1.96, resulting in a potential 4x return for investors by 2030.
What exchanges will relist XRP? ›
Coinbase, Kraken, and other major crypto exchanges have relisted Ripple's XRP in response to a court ruling that the digital asset itself is not an offering of an investment contract.
Does Kraken list XRP? ›
You can purchase XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase. XRP remains one of the top-traded cryptocurrencies by market cap.
What exchanges have delisted XRP? ›
Kraken, Crypto.com, Coinbase, and Bitstamp were among the first to relist XRP.
Should I take my crypto off Coinbase? ›
Coinbase has excellent security measures to ensure its users' funds are safe. However, we recommend moving your crypto assets off any exchange into a self-custodial hardware wallet.
Important note for Coinbase users
Coinbase has stopped supporting XRP transfers to X-addresses, and trying to do so will result in an 'Invalid address' error. For successful transfers, please make sure to use your regular R-address as provided by your Ledger device and Ledger Live.
Why is XRP blocked on Coinbase? ›
Coinbase first rolled out support for XRP in the U.S. in 2019. However, the exchange suspended trading of the token in January 2021 amid regulators' lawsuit against XRP's issuer, Ripple Labs.
What happens if XRP wins a court case? ›
This is the timeline for a ruling in the Supreme Court and according to the pro-XRP attorney, Ripple is likely to win “hands down.” In this scenario, the 75,000 XRP holders whose interests Deaton represents would receive compensation or payback.
Can XRP reach $30 dollars? ›
Crypto hedge fund manager, Thomas Kralow, previously predicted that XRP would hit $US30 a coin in 2023. This prediction fails to consider the mathematical improbability of XRP reaching this price, as the total supply of 100 billion coins means the project's market cap would be $US3 trillion dollars.
Is the XRP lawsuit almost over? ›
A final wildcard in the legal tussle over XRP and other cryptocurrencies is the slow nature of the appeals process, meaning that any higher court ruling in the Ripple case is highly unlikely before 2025 while any Supreme Court ruling would almost certainly have to wait till 2026 or later.
Why is Coinbase not letting me buy XRP? ›
The SEC believes that Ripple's ICO was in effect an IPO conducted without proper procedure. This lawsuit is the reason many U.S.-based exchanges, including Coinbase, do not currently allow XRP trading.
Where can I buy Ripple XRP in the USA? ›
Yes, investors can trade XRP on major U.S. cryptocurrency exchanges, including Coinbase, Gemini and Kraken.
What is happening with XRP? ›
XRP token is up 5.7% in the past 24 hours with a 105% surge in trading volume. Ripple CEO Brad Garlinghouse foresees a significant rise in XRP transfers as Grayscale prepares to launch an XRP investment trust, potentially paving the way for an XRP exchange-traded fund (ETF).
What coins is Coinbase delisting? ›
The pairs set for removal include ACH-USDT, AGLD-USDT, BNT-BTC, BNT-EUR, and several others. The change isn't as drastic for Coinbase Advanced Trade users in regions where the service is permitted. These users will still have the ability to trade the delisted pairs using their USDC balances.
