The crypto neighborhood is at the moment buzzing with pleasure and curiosity following rumors of Robinhood doubtlessly itemizing XRP. These rumors come because the XRP worth falls to pre-judgment ranges, sparking hope that it might set off a reversal.
XRP Rumors Has Crypto Twitter In A Frenzy
Rumor has it that an nameless insider has confirmed the potential itemizing of XRP, the native token of Ripple, on Robinhood, an American monetary buying and selling platform, earlier than the top of 2023. The rumor was began on August 22 by a crypto consumer on X (previously Twitter) who goes by the username @25hoursawake.
The whispers of Robinhood itemizing XRP have despatched shockwaves within the crypto neighborhood and quite a few crypto traders and fans have taken to Twitter to air out their respective views and opinions on the hypothesis.
Robinhood is famend for its meticulous itemizing course of, and in response to an X consumer Crypto Asset Guy, Robinhood has a status for not simply itemizing any kind of cryptocurrency. The buying and selling platform places appreciable time and effort into its crypto itemizing process to make sure solely the highest-qualified cryptocurrencies in response to their requirements are built-in into its platform.
Alternatively, the crypto and stock trading platform can be identified for delisting cryptocurrencies with out a second thought, if stated cryptocurrency faces any type of regulatory or vital market challenges.
As the crypto house eagerly discusses the ramifications of Robinhood doubtlessly itemizing XRP, some fans argue that integrating XRP tokens into the platform would have a constructive outlook, exposing the digital asset to a wider viewers and rising investments in Robinhood.
Token worth falls to ranges earlier than Judge Torres's ruling | Source: XRPUSD on Tradingview.com
Other people have identified Robinhood’s affinity for proscribing trades and transactions throughout excessive market volatility. This has led to doubts concerning the platform’s skill to offer uninterrupted entry to XRP customers’ digital belongings.
Commenting on the rumors of Robinhood itemizing XRP, Crypto Assets Guy acknowledged that if the speculations show to be true, then the crypto neighborhood ought to stay up for a surge in investments and market traits. He emphasised that Robinhood could have insights on XRP, unbeknownst to the general public.
“If the rumors are true and Robinhood lists $XRP by the end of the year then prepare for a MASSIVE uptrend. Robinhood is known for being very tedious when selecting which crypto to list. So if they are getting ready to list XRP they must know something,” he stated.
Additionally, the end result would undoubtedly enhance the cryptocurrency’s mainstream adoption.
Analyzing The Potential Effect Of A Robinhood Listing
Ripple has been in an ongoing lawsuit with the United States Securities and Exchange Commission (SEC) for nearly three years now. The lawsuit was regarded as finalized after XRP took a win following Judge Analisa Torres’s ruling which acknowledged that programmatic XRP gross sales are to not be thought-about a safety.
However, the SEC has recently issued an interlocutory appeal to reevaluate the case. This transfer has pushed XRP again to a doubtlessly purple zone by way of regulatory challenges. If the SEC had been to emerge victorious, then it might impression the potential itemizing of XRP on a platform corresponding to Robinhood.
Featured picture from Coinmarketcap, chart from Tradingview.com
