Ripple’s XRP sinks after Coinbase shuts down rumors it’s listing the cryptocurrency

Ripple XRP price coinbase

  • Ripple’s XRP is now down more than 4% on Monday, paring its earlier gains, after Coinbase shut down yet another rumor that it was planning to support the cryptocurrency.
  • “We have made no decision to add additional assets to either GDAX or Coinbase,” the company said in a tweet Monday afternoon.
  • XRP, the third-largest cryptocurrency by market cap, surged as much as 6% Monday morning after a planned CNBC segment Tuesday featuring both Coinbase President Asiff Hirji and Ripple CEO Brad Garlinghouse fueled rumors online that Coinbase might have been planning to announce support for XRP. 
  • Ripple’s XRP has fallen 53% this year.

SEE ALSO: Ripple’s XRP surges on new rumors it will be added to Coinbase

Join the conversation about this story »

NOW WATCH: Why North Korea sent hundreds of cheerleaders to the Olympics