By Cryptocurrency exchange Coinbase recently announced trading support for XRP for state residents in New York.
The San Francisco-based exchange broke the news in a tweet on Monday, stating that citizens of New York can now purchase, sell, convert, store or receive XRP on Coinbase.com via the iOS or Android mobile apps.
In light of this announcement, XRP joined the ranks of other top-tier cryptos & rallied to a high of $0.39 according to data from CoinMarketCap coinciding with bullish moves from Bitcoin, Ethereum and several other altcoins during the last 24 hours.
Ripple’s price surged, breaking the $0.3150 and $0.3300 resistance levels against the US dollar.
After a successful closing above $0.3000 and $0.3100, XRP’s price gained bullish momentum against the US Dollar. The XRP/USD pair rallied above the $0.3500 resistance and earned more than 15% in the last 24 hours.
Notably, Coinbase initially added XRP support for all its retail platforms earlier this year in February, but residents in New York and the UK were not included at the time.
Coinbase’s list of supported cryptocurrencies continues to expand. The exchange currently offers support for Bitcoin, (BTC), Bitcoin Cash (BCH), Ether (ETH), Ethereum Classic (ETC), Litecoin (LTC), Circle’s USDC stablecoin and much more.
Lastly, Coinbase also recently launched a “fast and free” payments services utilising XRP and USDC stablecoin. The service is “primarily designed as an educational resource for customers to learn about the benefits of using crypto for cross-border payments,” according to a representative from Coinbase.
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