Coinbase to suspend XRP (XRP, $0.215000) trading following SEC lawsuits against Ripple Labs
Coinbase announced that it will halt trading of the XRP cryptocurrency, after the Securities and Exchange Commission last week deemed it a security (versus a digital currency).
The largest U.S. cryptocurrency exchange said it will suspend trading of XRP in its market by mid-January. Last week, the SEC suggested that cryptocurrency exchange Ripple Labs raised $1.3 billion through its sale of XRP without registering it or applying for an exemption for seven years; if XRP is considered to be a security, traders are supposed to pay taxes on capital gains.
Coinbase said in a blog post that following the SEC’s lawsuit against Ripple Labs, it has decided to suspend the XRP trading pairs on its platform.
“Trading will move into limit only starting Dec. 28 and will be fully suspended on, Jan. 19 at 10 a.m. PST.”, Coinbase said. However, it also mentioned that that timing can’t be guaranteed.
Coinbase also mentioned that despite the halting of XRP trading, it will continue to support XRP on Coinbase Custody and Coinbase Wallet. That means, customers would still be able to avail deposit and withdraw functionality.
XRP.X in upward trend: price rose above 50-day moving average on April 22, 2025
XRP.X moved above its 50-day moving average on April 22, 2025 date and that indicates a change from a downward trend to an upward trend. In of 60 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where XRP.X's RSI Oscillator exited the oversold zone, of 45 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 16, 2025. You may want to consider a long position or call options on XRP.X as a result. In of 135 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XRP.X just turned positive on April 12, 2025. Looking at past instances where XRP.X's MACD turned positive, the stock continued to rise in of 57 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XRP.X advanced for three days, in of 413 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XRP.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
XRP.X broke above its upper Bollinger Band on April 22, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for XRP.X entered a downward trend on April 14, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
