XRP

Another blow to XRP Community

By cryptoph | Crypto Reflections | 5 Jan 2021


When it rains, it really pours!

 

And for XRP community, the worst is far from over.  According to Ryan Weeks from the The Block, a research and news portal on crypto currencies, XRP will not be included in the Wirex App US Edition during the App's launching this month of January. Wirex is hybrid personal banking solution that integrates the benefits of blockchain technology into everyday finances.

In addition Ryan Weeks said, that ZIglu, a multi-currency trading platform based in UK, will suspend trading of XRP by January 12 at 12 noon.  In a blog by Ziglu on this matter, the company said that it is halting the trading of XRP because it believes that the suspension of trading of XRP in several exchanges has significantly impacted both the price and the liquidity of XRP which has increased the risk in trading the said crypto currency.  

I also noticed that even with my Australian brokerage, Pepperstone.com, it has disabled trading of XRP.

So what does this mean to XRP holders out there? 

As trader and investor, trade only with the money you can afford to lose.  Since crypto currency is high risk and high reward activity, XRP holders should really think hard if they hold on to their assets or sell at a loss.  Remember cutting loss is also  an investment strategy, a risk management one, since it prevents you from further losing money.

 

 

 

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Crypto Reflections
Crypto Reflections

This blog contains my personal thoughts and ideas about crypto currency and blockchain technology.

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