- Impact of Ripple and SEC Legal Battle
- XRP Relisted on Robinhood
- Future Prospects for XRP and the Crypto Market
Ripple's XRP saw a 7.50% surge over the past week following Robinhood’s quiet relisting for EU users. This event marked a significant moment amidst recent positive developments surrounding XRP.
Impact of Ripple and SEC Legal Battle
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) lasted nearly four years, concluding with a ruling in favor of Ripple. Despite expectations that the SEC might appeal, recent developments suggest the agency may have dropped further action. This legal dispute has played a crucial role in defining XRP's legal status, impacting market confidence.
XRP Relisted on Robinhood
Robinhood has reintroduced XRP for trading, but only for users in the European Union. Initially listed on Robinhood in January 2018, XRP was later delisted along with other exchanges due to SEC's charges of security law violations. Now, following the court case conclusion, the token is available again. Robinhood's updated asset page confirms that XRP is now available under the name Ripple (XRP).
Future Prospects for XRP and the Crypto Market
The Ripple-SEC case resolution has paved the way for XRP's gradual return to major exchanges including Robinhood. Rumors about XRP's relisting surfaced after Robinhood acquired Bitstamp, a digital asset exchange, for $200 million. This deal, expected to close by 2025, could give Robinhood access to a broader range of cryptocurrencies, including XRP. Additionally, Grayscale Investments recently reintroduced its XRP Trust, indicating renewed institutional interest in the token.
Ripple's resurgence post-SEC case and the subsequent XRP price surge indicate a revival of confidence in this digital asset. Positive news and actions by major players such as Robinhood and Grayscale Investments bolster this confidence, potentially driving further growth for XRP in the coming months.
