Crypto News: Ethereum Is Up By Over 12% And 4 Crypto Platforms Drop Support For XRP

The crypto market looks great today with most of the coins trading in the green.

Ethereum seems to be the star of the market, and the coin is currently priced at $722.

This is definitely the time of ETH, and it seems that the bullish moves are here to stay.

Exchanges change their XRP policies

In the light of the US SEC’s impending lawsuit against Ripple, there are some crypto exchanges that have either halted trading XRP or dropped the asset from their platform completely.

According to the latest reports coming from the Daily Hodl, the first ones to change their policies towards XRP are Bitstamp, OSL, CrossTower and Beaxy Exchange.

Coinbase reportedly told Forbes that the crypto exchange is considering its options amidst Ripple’s legal issues.

Crypto analysts also dropped their predictions and analysis about the coin.

Scott Melker said the following:

There are literally thousands of coins to trade and people are magically gravitating towards the one that is being publicly sued by the SEC.

— The Wolf Of All Streets (@scottmelker) December 25, 2020

Someone said: ‘Why not make a quick $$ going short on bad news? It’s a perfect coin to trade. Every major bad news gonna results in a spike downward. The fact that it pumped yesterday is hilarious, it’s like people don’t learn. Maybe it was instead a planned pump by a whale to go short and dump.’

According to the latest reports from the Daily Hodl, top crypto analyst Michaël van de Poppe also warned his YouTube viewers that investing in XRP at this time could be a difficult route.

“Given that we’ve gotten this low in basically one daily candle and given that there is the lawsuit from the SEC… I would definitely not go in for such a risky approach at this point, especially given that there are so many altcoins right now at a very interesting level that give way more potential than XRP.”

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