Today’s Ripple Crypto Update: The digital currency has shown a robust resurgence today, following a period of volatile trading, thanks to a series of encouraging news that have heightened market enthusiasm. In this context, an important announcement about the listing of Ripple’s native cryptocurrency has added to the optimism among investors. It is worth mentioning that such listings or positive news from major exchanges often stimulate investor expectations, reflecting the growing attention and interest these platforms are showing towards these assets.
XRP Sees Major Listing Sparking Optimism
Today, there’s been a huge jump in XRP’s value as investors are once again showing faith in the digital asset. Simultaneously, a prominent cryptocurrency trading platform has revealed plans to include XRP in their offerings, attracting a great deal of investor interest.
On December 13, Arkham Exchange announced its intention to include Ripple’s original cryptocurrency on their platform. Additionally, they mentioned that the token would be available for both immediate (spot) trading and futures (perpetual) pairs, demonstrating the exchange’s optimism towards the asset.
To add some context, it’s important to mention that in an upcoming update about the listing, the exchange announced “XRP TRADING HAS BEGUN”, attracting attention from cryptocurrency enthusiasts. Additionally, this announcement coincides with a period where XRP has seen a significant surge in value, suggesting a high level of market faith in the crypto.
On the contrary, a surge of optimistic events has further ignited market expectations. Moreover, investors are increasingly eyeing this asset as the date for the primary arguments in the Ripple vs SEC case (January 15, 2025) draws near. Yet, there’s concern that US SEC Chair Gary Gensler might complicate the ongoing legal battle before he leaves office on January 20.
What’s Next For Ripple?
In a recent turn of events concerning the ongoing XRP lawsuit, the parties involved in the class action suit against Ripple Labs have submitted appeals to the Ninth Circuit Court of Appeals. The appeal intends to reverse several rulings favorable to Ripple, its CEO Brad Garlinghouse, and XRP II. Importantly, the plaintiffs aim to overturn decisions on summary judgment and other ongoing disputes that Ripple prevailed in the lower court.
Nevertheless, even with recent obstacles, market enthusiasm for this asset remains robust. Moreover, the latest initial listing on a leading cryptocurrency exchange has sparked debates about its possible influence on the asset’s price. It is worth mentioning that the current XRP price experienced an increase of approximately 6% to reach $2.46, and its trading volume escalated by 10% to hit $10.29 billion.
As an analyst, I’ve observed a significant surge in the value of the token today, reaching a 24-hour peak at $2.52. This represents a staggering increase of almost 250% over the past month. Moreover, recent data from CoinGlass indicates a marked uptick in Ripple’s native cryptocurrency’s Futures Open Interest, climbing by approximately 13%. This intriguing statistic underscores a robust and growing market interest in the crypto.
As a researcher, I’m excited about the latest NYDFS approval for Ripple’s stablecoin, RLUSD. This development has undeniably boosted investor confidence in the company. Furthermore, these positive strides hint towards a possible XRP ETF approval in the United States by next year. Additionally, a recent analysis on Ripple’s native cryptocurrency suggests a potential surge to $3 this weekend.
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2024-12-14 12:47