- Ripple prices slide 2.5 percent
- Volumes drop reflects low prices
Although centralized exchanges play a role, it should be a worry if they become too big to fail because if they do, then it will pull down the market with it. Meanwhile, sellers are back, and Ripple (XRP) may drop to 34 cents or lower in a correction.
Ripple Price Analysis
We can draw many lessons from the GFC of 2008-09. Before everything crumbled, the so-called global banks, too big to fail, lent out money to unqualified borrowers and because they couldn’t pay back their monthly obligation, the house of cards fell, pushing the global economy into a recession. Six weeks later, we had the Bitcoin whitepaper, and it has been a roller-coaster ever since.
Now we have CoinBase. A centralized cryptocurrency exchange that now supports Ripple (XRP) after years of turning the other way despite apparent demand from customers. However, CoinBase is more than a bank. Under the NYDFS, the exchange is also an…
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