The XRP cryptocurrency surged by more than 4%, standing out among other top 10 cryptocurrencies.
XRP Price Increase
XRP's recent price spike is likely related to the rumors of a relisting on the Robinhood platform. According to reports, XRP ended up being the only top 10 cryptocurrency showing positive momentum.
Community Reaction to Rumors
Vet, the operator of the XRP Ledger dUNL validator, commented that the popular trading and investment app recently listed XRP. However, he urged the company to clarify that the token is not run by Ripple. Despite this, many social media users reported that they still could not buy XRP through the app. So far, it seems like the token is only available for eligible EU residents.
Previous Listings and Changes
Robinhood has not made any official announcement regarding its plan to list the XRP cryptocurrency. In January 2018, Robinhood announced that its users could start checking market data and create price alerts for a slew of cryptocurrencies, including XRP. The rumored Robinhood listing comes after Grayscale, the leading cryptocurrency asset manager in the world, announced the launch of an XRP Trust. Back in 2021, Grayscale liquidated such a product following the SEC's famous lawsuit against Ripple. Coinbase and other exchanges also relisted XRP in 2023. In June, Chicago-based derivatives trading behemoth CME added support for the XRP pricing index.
The rumors of a possible XRP listing on Robinhood have sparked interest in the token and its price. However, the company has not made any official statements regarding the listing.
Comments