XRP group members are buzzing with curiosity and pleasure following rumors that American monetary buying and selling big Robinhood could quickly checklist the coin on its platform.
In line with rumors making the rounds throughout the XRP group, the main buying and selling platform could checklist XRP by the primary quarter of 2024.
Rumor About XRP Itemizing on Robinhood
The contemporary rumor surfaced yesterday and was first shared on X (previously Twitter) by a crypto fanatic who goes by the username @UniverseTweenty.
JUST IN 🚨🚨 Rumours In The #XRPCommunity That Robinhood Will Listing #XRP In Q1 Of 2024.💥💥🚀🚀🚀 pic.twitter.com/XPlhzPe7sM
— XRP CAPTAIN (@UniverseTwenty) November 21, 2023
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As anticipated, the rumors of the Robinhood potential itemizing have despatched ripples by means of the XRP group as cryptocurrency lovers take to the X platform to precise their opinions relating to the hypothesis.
XRP Plunges Over 3% in 24 Hours
It’s value mentioning that the rumors didn’t positively affect the value of XRP. On the time of penning this line, XRP was down 3.1% over the previous 24 hours to $0.591.
Nevertheless, XRP’s current dip is attributed to the huge worth swing of Bitcoin (BTC) yesterday, which noticed the highest asset droop from over $37,400 to round $35,788. Bitcoin is presently altering palms at $36,500 at press time.
Robinhood Itemizing Course of
Robinhood has at all times taken a meticulous course of when itemizing any crypto asset on its buying and selling platform. Curiously, it doesn’t take something for Robinhood to delist any token topic to regulatory scrutiny.
In June, the buying and selling platform ended assist for SOL, MATIC, and ADA as a result of SEC classifying all cash as unregistered securities.
Because of Robinhood’s choice towards SOL, MATIC, and ADA, it’s evident that the buying and selling platform has refused to allow assist for XRP as a result of ongoing SEC v. Ripple lawsuit.
Though a New York federal courtroom declared in July that XRP in itself just isn’t a safety, Robinhood has maintained silence on the potential itemizing of the coin.
Regardless of the declaration, the SEC v. Ripple lawsuit nonetheless has different pending points, particularly the treatments continuing. Moreover, the SEC may attraction the courtroom’s July 13 ruling after the treatments briefing, which may additional hinder the possibilities of XRP itemizing on Robinhood sooner or later.
Notably, Robinhood nonetheless tracks the value efficiency of the fifth-largest cryptocurrency by market cap on its platform.
In the meantime, a number of rumors have emerged, suggesting that Robinhood is severely contemplating itemizing XRP. In August, rumors surfaced that XRP could be listed on Robinhood by yr’s finish. Now, some customers are speculating that the itemizing will happen in Q1 2024. It stays to be seen whether or not these rumors will come to fruition.
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Disclaimer: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article could embrace the creator’s private opinions and don’t replicate The Crypto Fundamental’s opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental just isn’t chargeable for any monetary losses.
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