How to Know When NOT to Buy Ripple XRP

• Ripple XRP has risen 17% in value as renewed rumors suggest that XRP may be soon added to Coinbase
• Rumors are based on an upcoming CNBC TV appearance of both Ripple CEO Brad Garlinghouse and Coinbase COO Asiff Hirji
• Despite rumors, neither Coinbase nor Ripple has made an official statement regarding any plans to list XRP on Coinbase

Thanks to a single Ripple XRP thread on Reddit, rumors are once again rife that Ripple XRP will soon make its debut on Coinbase. There is just one very big problem. Over the course of the past 6-months, every Ripple XRP price hike has been preceded by rumors that XRP is about to be listed by Coinbase. - Either this or that XRP will soon be accepted by Amazon and/or even the likes of Uber.

Needless to say, after every round of renewed Ripple XRP hype, promises that XRP will appear on Coinbase or start being accepted by the likes of Uber, simply fail to come to anything.

Why Ripple is Definitely Not About to be Listed on Coinbase

Are you about to buy Ripple XRP in anticipation of the digital currency (possibly) being listed on Coinbase? If so, you may want to reconsider. This is because, at present, there are two very big reasons why XRP will most likely not becoming to Coinbase anytime soon.

Ripple Has Just Submitted 2 New Whitepapers for Peer Review

Just a month ago (almost to the date) in February 2018, Bitcoin Mercantile Exchange BitMEX, released results of a damning independent investigation into Ripple XRP. In this report, BitMEX discovered that Ripple XRP as a cryptocurrency is largely centralized. In fact, BitMEX even went so far as to identify how Ripple has previously frozen the XRP balances of family members of its own developers.

Likely due to the fallout from the February BitMEX investigation, Ripple has since rushed to submit 2 new whitepapers for academic peer review. Much more importantly, because Ripple only released its new whitepaper offerings on February 26th, it is highly unlikely that Coinbase would choose to list XRP prior to any real academic peer review having had a chance to take place.

Coinbase has Just Been Hit with 2 Class Action Lawsuits

Still planning to buy Ripple XRP just in case Coinbase decides to list XRP anyway? If so, it may be worthwhile remembering what happened the last time Coinbase listed a controversial digital asset on its platform.

As of March 1st, 2018, Coinbase has become the first cryptocurrency exchange in United States history, to be hit with not one, but two class action lawsuits. This is due to the fact that Coinbase (apparently) tipped off several employees prior to officially announcing plans to list Bitcoin Cash in December 2017.

Arguing that Coinbase informed employees of plans to list Bitcoin Cash a month prior to making an official announcement, both lawsuits claim that non-insider GDAX traders made huge losses when BCH did finally arrive on Coinbase.

Why Coinbase Would Risk Further Lawsuits if it did List XRP

Due to allegations of past insider trading, it is highly unlikely that even if Coinbase was planning to list Ripple XRP, it would do so after a peak in chatter on the cryptocurrency market rumor mill. This is due to the fact that substantiated rumors could only realistically come from Coinbase employees alerted to a decision to list XRP, prior to Coinbase making an official statement.

Will Ripple XRP Ever be Listed on Coinbase?

Because Coinbase is the world’s biggest cryptocurrency exchange, listing any new form of digital currency is guaranteed to result in almost instant digital currency price rises.

Sadly, even if Coinbase were to list Ripple, this wouldn’t be until a point in time when XRP has been stamped and approved as fully decentralized. This is because full cryptocurrency decentralization is a key requirement in Coinbase’s own terms and conditions. What is more, because Ripple itself states that it is still 'in the process' of becoming fully decentralized, any debut on Coinbase is realistically still months, perhaps even years away from becoming a reality.