Bitrabo Editorial
XRP has reached a significant achievement with its recent listing on Robinhood, a leading financial services platform in the United States. This development follows the introduction of an XRP trust by Grayscale, and is anticipated to enhance XRP’s visibility globally, possibly resulting in a price increase beyond the $1 mark.
XRP Listed on Robinhood
The addition of XRP to Robinhood marks a significant victory for the cryptocurrency and the broader blockchain community. After gaining favorable legal clarity from the case involving Ripple and the U.S. Securities and Exchange Commission (SEC), XRP’s prospects seem brighter, attracting interest from various crypto-related firms.
As one of the most utilized digital currencies for transactions, XRP is now available to European users through the Robinhood platform. The European version of Robinhood will facilitate access to this cryptocurrency, positioning it to gain traction among new users.
Robinhood Europe is recognized for its zero-commission trading and a variety of cryptocurrencies. European investors will now have the opportunity to trade XRP without facing costly transaction fees, which may lead to greater adoption of the cryptocurrency.
In light of this news, many members of the XRP community have expressed their enthusiasm and support. This excitement has been further amplified by Grayscale’s recent XRP Trust launch in the United States.
One community member commented, “The relisting of XRP is a monumental triumph for us. With the acquisition of Bitstamp and the introduction of Grayscale’s XRP Trust, this is merely the start!”
The speculation surrounding a potential XRP Exchange Traded Fund (ETF) following Grayscale’s Trust has contributed to a price increase, with XRP rising by more than 8% in the last week. With the new Robinhood listing and Grayscale’s developments, the cryptocurrency may be poised for significant price movements.
Can XRP’s Price Surpass $1 with the New Listing?
The XRP price has long hovered around the $0.50 mark, leading some investors to speculate that it may be subject to intentional suppression. In contrast, other altcoins have experienced rallies this year, while XRP struggled to maintain momentum.
Nevertheless, signs of recovery have emerged, with a notable 7.5% increase in price last week, spurred on by the launch of Grayscale’s XRP Trust. This recent momentum, along with the Robinhood listing, points to a potential price rise for XRP.
As demand grows from European investors trading XRP on Robinhood, there exists a possibility of the cryptocurrency’s price climbing above $1. Currently, XRP is trading at $0.57, reflecting a minor decline of 2.6% as reported by CoinMarketCap.
Many supporters of XRP remain hopeful about its future performance, anticipating further positive developments before year-end.