XRP price dropped 10% after Coinbase denied rumors of re-listing

Few days ago, four XRP trading pairs (XRP/BTC, XRP/USD, XRP/GBP and XRP/EUR) began appearing on the Coinbase Pro mobile app. The price of the seventh-largest cryptocurrency soared nearly 12% in just a few minutes as trading volume began to rise quickly. However, Coinbase Pro promptly shut down rumors of a re-listing. In its tweet, the company explained that the cryptocurrency was temporarily available in the app due to a technical error, but users could not trade it.

As previously announced, Coinbase has suspended trading in XRP. Due to a technical issue, XRP was temporarily viewable on the Coinbase Pro mobile app for some customers but was not tradeable.
Coinbase Pro Twitter

Agreements with Coinbase

Coinbase indefinitely suspended trading and deposits in XRP on Jan. 19 after the U.S. Securities and Exchange Commission said the cryptocurrency was an unregistered security in its landmark lawsuit against Ripple. Prior to that, many other exchanges had also rejected XRP because of regulatory pressure.

In the wake of the lawsuit, the Coin Group of the U.S. Securities and Exchange Commission said it was an unregistered security.

After Coinbase recently announced that it was facing a lawsuit from the SEC, many members of the XRP community began calling for the company to return XRP to the registry in solidarity with Ripple.