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The crypto group is at present buzzing with pleasure and curiosity following rumors of Robinhood probably itemizing XRP. These rumors come because the XRP worth falls to pre-judgment ranges, sparking hope that it may 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 person 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 buyers 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 in line with an X person 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 line with their requirements are built-in into its platform. 

Alternatively, the crypto and stock trading platform can be identified for delisting cryptocurrencies and not using a second thought, if mentioned cryptocurrency faces any type of regulatory or vital market challenges. 

As the crypto house eagerly discusses the ramifications of Robinhood probably 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 growing 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 means to supply uninterrupted entry to XRP customers’ digital property. 

Commenting on the rumors of Robinhood itemizing XRP, Crypto Assets Guy said that if the speculations show to be true, then the crypto group ought to sit up for 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 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 mentioned. 

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 considered finalized after XRP took a win following Judge Analisa Torres’s ruling which said 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 probably crimson zone by way of regulatory challenges. If the SEC have been to emerge victorious, then it may impression the potential itemizing of XRP on a platform equivalent to Robinhood.

Featured picture from Coinmarketcap, chart from Tradingview.com