Widespread rumors for listing Ripple on the Coinbase are promising to increase XRP price to its previous record levels. Up to now, Ripple has gained over 16%.
In the first week of 2018, Ripple price hit a record of $3.84 on the expectations that Ripple would be enlisted on Coinbase. However, Coinbase denied the possibility at the time. This evolution in companion with the overall bearish sentiment of the crypto market pushed Ripple down below $0.70 on February 6.
On March 6, Ripple CEO Brad Garlinghouse and Coinbase COO Asiff Hirji are slated to appear together on CNBC’s Fast Money show. An Xrpchat user claimed CNBC mentioned this before a commercial break, and he shared a picture displaying the two representatives along with two other possible guests.
According to some speculators, the expected listing will be officially announced on the Fast Money show. In case, this was proved right, Ripple could manage another impressive rally, probably hitting another all-time high.
Coinbase is the largest crypto exchange in the US and one of the largest in the world. Recently, it reported annual revenues of over $1 billion, coming from more than 11 million clients. Recently, it faced some problems where a glitch charged users more than necessary and also has two lawsuits filed against it.
Also, Coinbase was reported to add 500 new members to its staff, with 90 of them to start work immediately. This could also be seen a preparatory move before the Ripple’s arrival.