Rumors Of Robinhood Listing XRP Take Center Stage On Crypto Twitter
The crypto group is at present 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 tip 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 group and quite a few crypto traders and lovers 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 based on an X consumer Crypto Asset Guy, Robinhood has a status for not simply itemizing any sort 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 based on their requirements are built-in into its platform.
Alternatively, the crypto and inventory buying and selling platform can be recognized for delisting cryptocurrencies with out a second thought, if mentioned cryptocurrency faces any type of regulatory or vital market challenges.
Because the crypto house eagerly discusses the ramifications of Robinhood doubtlessly itemizing XRP, some lovers 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 Decide Torres's ruling | Supply: XRPUSD on Tradingview.com
Different people have identified Robinhood’s affinity for proscribing trades and transactions throughout excessive market volatility. This has led to doubts in regards to the platform’s capability to offer uninterrupted entry to XRP customers’ digital belongings.
Commenting on the rumors of Robinhood itemizing XRP, Crypto Property Man said that if the speculations show to be true, then the crypto group ought to look ahead to a surge in investments and market traits. He emphasised that Robinhood might have insights on XRP, unbeknownst to the general public.
“If the rumors are true and Robinhood lists $XRP by the tip of the 12 months then put together for a MASSIVE uptrend. Robinhood is understood for being very tedious when choosing which crypto to checklist. So if they’re on the point of checklist XRP they have to know one thing,” he mentioned.
Moreover, the result would undoubtedly improve the cryptocurrency’s mainstream adoption.
Analyzing The Potential Impact Of A Robinhood Itemizing
Ripple has been in an ongoing lawsuit with the USA Securities and Alternate Fee (SEC) for nearly three years now. The lawsuit was regarded as finalized after XRP took a win following Decide Analisa Torres’s ruling which said that programmatic XRP gross sales are to not be thought of a safety.
Nonetheless, the SEC has just lately issued an interlocutory attraction to reevaluate the case. This transfer has pushed XRP again to a doubtlessly purple zone when it comes to regulatory challenges. If the SEC had been to emerge victorious, then it might impression the potential itemizing of XRP on a platform akin to Robinhood.
Featured picture from Coinmarketcap, chart from Tradingview.com