Rumors Of Robinhood Listing XRP Take Center Stage On Crypto Twitter
August 22 2023 - 11:00PM
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The crypto community is currently buzzing with excitement and
curiosity following rumors of Robinhood potentially listing XRP.
These rumors come as the XRP price falls to pre-judgment levels,
sparking hope that it could trigger a reversal. XRP Rumors Has
Crypto Twitter In A Frenzy Rumor has it that an anonymous insider
has confirmed the potential listing of XRP, the native token of
Ripple, on Robinhood, an American financial trading platform,
before the end of 2023. The rumor was started on August 22 by a
crypto user on X (formerly Twitter) who goes by the username
@25hoursawake. The whispers of Robinhood listing XRP have
sent shockwaves in the crypto community and numerous crypto
investors and enthusiasts have taken to Twitter to air out their
respective views and opinions on the speculation. Related Reading:
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Reward Robinhood is renowned for its meticulous listing process,
and according to an X user Crypto Asset Guy, Robinhood has a
reputation for not just listing any type of cryptocurrency. The
trading platform puts considerable effort and time into its crypto
listing procedure to ensure only the highest-qualified
cryptocurrencies according to their standards are integrated into
its platform. Alternatively, the crypto and stock trading
platform is also known for delisting cryptocurrencies without a
second thought, if said cryptocurrency faces any form of regulatory
or significant market challenges. As the crypto space eagerly
discusses the ramifications of Robinhood potentially listing XRP,
some enthusiasts argue that integrating XRP tokens into the
platform would have a positive outlook, exposing the digital asset
to a wider audience and increasing investments in Robinhood.
Token price falls to levels before Judge Torres's ruling | Source:
XRPUSD on Tradingview.com Other individuals have pointed out
Robinhood’s affinity for restricting trades and transactions during
high market volatility. This has led to doubts about the platform’s
ability to provide uninterrupted access to XRP users’ digital
assets. Commenting on the rumors of Robinhood listing XRP,
Crypto Assets Guy stated that if the speculations prove to be true,
then the crypto community should look forward to a surge in
investments and market trends. He emphasized that Robinhood may
have insights on XRP, unbeknownst to the 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 said.
Additionally, the outcome would undoubtedly increase 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
almost three years now. The lawsuit was thought to be finalized
after XRP took a win following Judge Analisa Torres’s ruling which
stated that programmatic XRP sales are not to be considered a
security. Related Reading: Dogecoin Proof Of Stake Discussion
Heats Up As Lead Dev Chimes In However, the SEC has recently issued
an interlocutory appeal to reevaluate the case. This move has
pushed XRP back to a potentially red zone in terms of regulatory
challenges. If the SEC were to emerge victorious, then it could
impact the potential listing of XRP on a platform such as
Robinhood. Featured image from Coinmarketcap, chart from
Tradingview.com
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