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  • XRP is capped by $0.5000 on the upside, no signs of an upcoming breakthrough.
  • CEO of Ripple believes that the largest US exchange should add XRP to its listing.

Ripple, the third largest coin by market value, is changing hands at $0.4770, off Sunday’s low at $0.4402, which is the lowest level since December 2017. The coin is 4% higher than this time yesterday and mostly unchanged on the day. Ripple’s market value is estimated at  $18B, with trading volumes $255B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp.

Brad Garlinghouse, CEO of Ripple, the company behind XRP, believes that Coinbase should add the coin to the list of tradable instruments. He said that on Thursday during  CB Insights’ Future of Fintech conference in New York

“As we solve problems at scale for institutions, I think it’s in Coinbase’s interest to participate in that,” Garlinghouse said.

While his comments have little effect on market sentiments and on XRP’s momentum, if Coinbase actually lists XRP, the price of the coin will go ballistic.

Ripple technical picture

From the technical perspective, XRP/USD stays close to 50-SMA (hourly chart) currently at $0.4766. A sustainable move in either direction is likely to create more excitement, however, the upside is capped by $0.4948 (100-SMA) and by psychological $0.5000. On the downside. the local support is seen at $0.4500. followed by Sunday’s low at $0.4402.  

XRP/USD, the daily chart