Rumour Surfaces That Coinbase Is Planning To Relist Ripple (XRP), Time To Buy The Rumour And Sell The News?

Lately, Ripple (XRP) has been in the news but for the right reason. Unlike months ago when it was in the eyes of the storm following the lawsuit that was instituted against it by the SEC for unlawfully selling illegal securities, an action that created panic in investors and greatly depleted the capitalization of the erstwhile fourth largest cryptocurrency, this time around the tides are turning in favour of Ripple.

Weeks after a rumour surfaced online to the effect that a neutral attorney who claimed to be present during the hearing of the case between Ripple and SEC suggested that the former was easily going to win the legal tussle, a fresh rumour is now emerging that Coinbase is considering to relist XRP after delisting it some months ago (in the wake of the lawsuit against Ripple by SEC) for fear of being sanctioned by the regulators in the United States.

Coinbase’s action soon snowballed into a wave of panic that saw some other bigger exchanges delisting XRP for the same fear expressed by Coinbase. We also witnessed some top institutional investors such as Square and Grayscale liquidating their XRP position, further creating fear, doubt, and uncertainty (FUD) in the market.

However, Coinbase is allegedly making a U-turn because there are now clarifications that exchanges cannot be held liable for the actions or inactions of the project listed on them. Therefore, it poses little or zero risk for Coinbase to relist XRP.

If anything, the air of bad publicity and the controversies surrounding the Ripple legal quagmire is now settling down, invoking a fresh market sentiment in favour of XRP which has reflected in its price in the past few days. This is a testament to the simple fact that XRP is presently witnessing the arrival of smart money.

In the coming weeks, an eventual relisting of XRP by Coinbase or the trumph of Ripple at the legal arena will, no doubt, have massive impact on the price of the digital asset. We might see it reclaiming its original rank in the market, surpassing the crucial $1 price mark. This appears to be the time to buy the rumour while waiting patiently to sell the big news.

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