Why Tipping XRP is One Way of Driving its Value Up

Observant crypto traders and enthusiasts were perplexed as to why the Coinbase listing of XRP did not cause the desired effect on the value of the digital asset. Some in the vocal Telegram chats had expected at list a 50 cent value of XRP by the time Coinbase was listing the remittance coin on its retail trading platform and on all mobile devices that function on iOS and Android.

Further checking Coinmarketcap.com, XRP has stagnated around the $0.30 to $0.33 value for the past few days. There has also been the controversies surrounding the listing of the remittance coin on the American exchange. Some crypto traders noted a 3.5% increment in value right before the digital asset was listed. This has then given rise to speculation of insider trading at the prominent exchange. Others have put forward another theory that
Ripple paid the exchange massive amounts to list XRP.

With XRP community members and investors waiting 13 long months before Coinbase listed their favorite coin, perhaps this time period proved one thing: that the coin belongs more to the community than to Ripple or any exchange out there.

Reference: https://ethereumworldnews.com/why-tipping-xrp-is-one-way-of-driving-its-value-up/

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