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The Ripplening; Ripple Price Rises And Falls Due To Rumours

Despite making waves into the financial and banking world with RippleNet, the Ripple coin as it is has struggled to gain share and value in the competitive market of cryptocurrencies. Yesterday, when it was announced that the Ripple CEO Brad Garlinghouse and Coinbase CEO Asiff Hirji would appear together in the CNBC’s TV program “Fast Money”, the rumors began.
It was rumored on social networks that Coinbase was ready to include Ripple in their wallet service and list it on GDax, their exchange. This set off the alarms and the price of XRP went up by almost 20% in just hours, according to Coinmarketcap. But the program came and went without any kind of statement regarding the subject, and the price dipped again to below 1 dollar levels.
Ripple is having a great year as an organization, scoring several deals for the use of its network technology for cross-border payments and remittances. This happening to such a solid company shows that the cryptocurrency market is still in an incumbent stage, and that can be easily manipulated by rumors and stratagems.

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