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.
Momentum Indicator for XRP.X turns negative, indicating new downward trend
XRP.X saw its Momentum Indicator move below the 0 level on March 27, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 135 similar instances where the indicator turned negative. In of the 135 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for XRP.X turned negative on March 28, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 58 similar instances when the indicator turned negative. In of the 58 cases the stock turned lower in the days that followed. This puts the odds of success at .
XRP.X moved below its 50-day moving average on March 26, 2025 date and that indicates a change from an upward trend to a downward trend.
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 .
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 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
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 417 cases, the price rose further within the following month. The odds of a continued upward trend are .
XRP.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
