In recent weeks, there were some rumours spreading over the internet, that Coinbase will soon add Ripple to their exchange and GDAX. It probably caused wild growth of the value of XRP. Unfortunately, these predictions were greatly exaggerated.
Coinbase CEO Brian Armstrong stated via Twitter on January 4th: “We haven’t made any decisions to add new assets to Coinbase or GDAX at this time. Any statement to the contrary is untrue. Be careful what you believe out there!”
Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains
— Brian Armstrong (@brian_armstrong) February 23, 2015
After Brian’s announcement, Ripple’s capitalization dropped by twenty billion dollars. It is quite possible that in the long run, after 1500% gain, XRP will continue to fall.