XRP Scores Robinhood Listing After Grayscale Launch, Catalyst To Send Price Above $1?

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As a seasoned crypto investor with a knack for spotting promising opportunities and navigating market volatilities, I must admit that the recent listing of XRP on Robinhood has me quite excited. Having witnessed the rise and fall of numerous cryptocurrencies over the years, I’ve learned to read between the lines and understand the potential implications of such developments.

XRP has made another significant stride with its addition to Robinhood’s listings, one of the leading American financial service providers. This decision follows Garyscale’s introduction of an XRP trust and may enhance XRP’s worldwide visibility, possibly sparking a price surge over $1.

XRP Secures Robinhood Listing

Including XRP on Robinhood is a significant milestone for this well-known cryptocurrency and the wider crypto community, as it now enjoys increased acceptance following the legal resolution of the Ripple versus U.S. Securities and Exchange Commission (SEC) lawsuit. In recent times, several industry players have reevaluated their stance on XRP, viewing it in a more positive light due to the court case outcome.

In a major move, XRP, a popular digital currency for payments, is broadening its reach by offering its services to more people across Europe. This crypto has recently been added to the European edition of Robinhood, a well-liked and trusted platform, which promises increased visibility and backing for XRP.

Robinhood Europe stands out for its zero-commission trading options and extensive collection of cryptocurrencies available for trade. This platform allows European investors to engage in trading some of the most widely recognized cryptocurrencies without having to worry about steep transaction costs. Consequently, this could potentially boost the acceptance and use of XRP.

After the unveiling of this significant achievement, there’s been a surge of backing and gratitude from members within the XRP community. This enthusiasm has been amplified even more by Grayscale’s latest initiative, the launch of an XRP Trust in the United States.

Restarting trading of XRP is a major triumph for our community. Add to this the takeover of Bitstamp, as well as Grayscale introducing their new XRP trust, and it’s clear that this is only the start!

The potential introduction of an XRP Exchange Traded Fund (ETF) in the wake of Grayscale’s Trust launch has also caused a notable price surge, with XRP increasing by over 8% in the previous week. With the new listing on Robinhood and Grayscale’s XRP trust now in play, the price of the cryptocurrency may be gearing up for a major rally soon. 

Will New Listing Push XRP’s Price To Over $1?

For quite some time now, the value of XRP has hovered near the $0.5 level, which has left certain investors speculating that the digital currency could be artificially held down. Unlike many other altcoins, XRP hasn’t been able to sustain consistent growth in 2021.

Nevertheless, there’s a sign that XRP could be recovering, as it has increased by 7.5% over the last week due to Grayscale’s XRP trust launch. This upward trend, along with Robinhood’s decision to list XRP, suggests a possible price surge for this cryptocurrency.

As an analyst, I find myself observing a growing trend among European investors who are now utilizing Robinhood for XRP trades. This surge in demand could theoretically spark a price rise, potentially surpassing the $1 mark. At present, the cryptocurrency stands at $0.57, reflecting a minor 2.6% dip based on data from CoinMarketCap.

A significant number of Ripple supporters share a positive perspective on the currency’s future, anticipating additional bullish achievements before the year concludes.

XRP Scores Robinhood Listing After Grayscale Launch, Catalyst To Send Price Above $1?

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2024-09-17 02:11