Home / Finance News / Ripple price LIVE updates: XRP surges after Coinbase support rumours | City & Business | Finance

Ripple price LIVE updates: XRP surges after Coinbase support rumours | City & Business | Finance

prices were down today on their Monday high, opening on the markets at $0.95, according to CoinMarketCap.com.

XRP prices rallied around rumours of Coinbase support on Monday morning, climbing as high as $1.08 by midday – the highest Ripple price since February.

Coinbase has so far pushed back against the rumours, denying any plans to adopt Ripple into its services.

The crypto exchange said on Monday: “Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase.

“Any statement to the contrary is untrue and not authorized by the company.”

Here is the latest Ripple price, expert analysis and cryptocurrency news. All times GMT.

3.40pm: Cryptocurrency NEO tipped to join Coinbase along with Ripple

NEO could be another digitial currency poised to join Coinbase, according to Crypto Daily writer Robert Johnson.

The China-based cryptocurrency, which lies in sixth place in the market table, could be “the next addition to the growing crypto family”.

Speculation about Ripple and Coinbase has been rife since yesterday ahead of an apperance by Ripple founder Brad Garlinghouse later today on CBNC’s Fast Money.

However, neither Coinbase nor Ripple have yet to make an official annoucement.

3.25pm: Ripple in red, along with all major cryptocurrencies 

XRP is currently at $0.93, down 10.98 percent over the last 24 hours.

Bitcoin and Ethereum are also on the slide. The latest Bitcoin price is $11,035 while Ethereum is $831.40.

3.20pm: Kat Hopps takes over live reporting from Sebastian Kettley

2.52pm: Banking giant Morgan Stanley on the lookout for cryptocurrency experts

Financial services giant Morgan Stanley is looking to boost its rans with several cryptocurrency oriented job openings.

The Wall Street giant’s latest job postings says “knowledge of cryptocurrency is a plus.”

Earlier this month a note penned by the company’s executive director James Faucette, explored how bitcoin can be utilised to improve the world of finance.

The note said: “Bitcoin has emerged as a growing focal point within the payments industry, both for its disruptive potential as well as the potential costs savings that blockchain may help unlock.”

2.45pm: Nexank launches new cryptocurrency payment card

KryptoTech Blockchain Technologies, SL, a company specialising in the development of blockchain technologies is releasing this month a crypto payment card.

The new Nexank card can be charged in Euros thanks to an internal bitcoin wallet, as well as 40 other virtual tokens including Monero, Litecoin and Ethereum.

The Nexank card works very much as a pre paid MasterCard card and can be very much used like any other payment car you already have in your wallet.

10.50am: New crypto startup hopes to harness power of Lightning Network for delicious ice cream

Block and Jerry’s, a playful twist on the classic Ben and Jerry’s ice cream brand, is a new startup built solely on the still in-development Lightning Network.

Founded by a group of enthusiastic college students in San Fransisco, Block and Jerry’s will delivery ice-cream around the city.

Co-founder Rob Durst said: “We think that this is a motivating factor to jump into bitcoin and start playing around with the Lightning Network and getting to understand it.”

Developer Jeff Tang added: “Basically we’re just a household of guys who are interested in cryptocurrency and creating web applications for people.”

At the moment, the comfy only accepts bitcoin for payment and it remains to be seen if the business will take off in the long run.

9am: Coinbase rumours trigger XRP price rally

Ripple prices were briefly back in the green on Monday after online traders shared news of Coinbase supposedly adopting XRP support.

But the rumour have so far been denied by the US-based change, which confirmed on Monday it had made “no decision” on the matter.

Coinbase is a leading US cryptocurrency exchange trading bitcoin, ethereum and litecoin among others.

According to CoinDesk contributor Nikhilesh De, the rumour s reached critical point after Coinbase chief operating officer and president Asiff Hirji announced his appearance alongside Ripple chief executive Brad Garlinghouse on a special episode of CNBC’s “Fast Money” later today.

According to James Song, founder and CEO of blockchain startup ExsulCoin, the rumours triggered a “speculative frenzy” of buying among traders.

Jeff Koyen, CEO of 360 Blockchain USA, agreed that the price hike was a direct result of the rumours.

He said: “Ripple’s overnight pump may be based on real news, but I’m inclined to think it’s the Coinbase rumour.”

“If the Ripple rumour turns out to be true, I expect we’ll see a proper bull run for XRP, maybe up to $2 if Bitcoin’s price holds steady,”

Alex Sunnarborg, founding partner at cryptofund Tetras Capital, also said: “I’ve seen rumours spreading around Coinbase additions and Japanese banking partnerships and Ripple CEO Brad Garlinghouse’s upcoming appearance on Fast Money.

“Larger buys in advance of expected news in these markets are then compounded by retail investors buying out of FOMO and trying to chase gains.”

Earlier in January, Coinable assured its customers that the addition of all new assets will publicly announced on via the company’s blog and other official channels.

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