As a seasoned researcher who has navigated through the tumultuous seas of the crypto market for years, I must admit that today’s surge of XRP was a sight to behold. With my fingers permanently attached to the pulse of the blockchain world, I can confidently say that XRP outperforming the broader market is no small feat.
Earlier today, the digital currency XRP displayed stronger performance compared to the overall crypto market, registering a rise of over 4%.
Notably, XRP ended up being the only top 10 cryptocurrency in the green.
As an analyst, I find it plausible that the surge in XRP‘s price lately could be linked to the buzz generated by the speculation about Robinhood potentially re-listing this cryptocurrency. The excitement within the crypto community seems to have played a significant role in driving up the value of XRP.
The individual responsible for managing the XRP Ledger’s dUNL validator made a comment, stating that a well-known trading and investment platform has added XRP to its listings. Yet, they encouraged the company to make it clear that the XRP token is not managed by Ripple.
Nevertheless, a number of social media users have been expressing dissatisfaction as they’ve been unable to purchase XRP through the app. At this point, it appears that the token is currently limited to eligible residents within the European Union.
As an analyst, I must clarify that Robinhood has yet to release any formal statements about their intention to list XRP on their platform. However, it is important to note that back in January 2018, Robinhood did announce that their users could monitor market data and set up price alerts for various cryptocurrencies, including XRP.
The anticipated Robinhood listing follows Grayscale, a globally recognized cryptocurrency asset manager, unveiling an XRP Trust. Previously, in 2021, Grayscale sold off this product after the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. As the XRP token has received some legal understanding recently, Grayscale feels confident to reintroduce XRP once more.
Of course, it should also be noted that Coinbase and other exchanges relisted XRP in 2023.
Back in June, I found myself excited when the Chicago-based derivatives trading giant, CME, decided to back my favorite cryptocurrency, XRP, by adding support for its pricing index. This move not only boosted my confidence but also added a sense of legitimacy to XRP in the crypto market.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD PHP PREDICTION
- USD COP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- TON PREDICTION. TON cryptocurrency
- Strongest Magic Types In Fairy Tail
- ENA PREDICTION. ENA cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- ADA PREDICTION. ADA cryptocurrency
2024-09-15 14:12