Robinhood May List XRP Before Year Ends; What’s to Expect?

Robinhood May List XRP Before Year Ends; What's to Expect?

Like the majority of cryptocurrencies, XRP has had a seven-day performance decline of over 17%. However, the XRP community is speculating about a move that might potentially boost the value of XRP while the digital asset market languishes in a downward trend. Influencer for XRP Crypto Assets Guy recently revealed the developing debate over listing XRP on a significant exchange in a tweet. He also emphasized that there are reports that the US-based exchange Robinhood will list XRP before the year is over. With the current bearish XRP trend, this could be a game-changer. 

According to Crypto Assets Guy, if Robinhood decides to offer XRP on its platform, XRP investors should anticipate a significant increase. The influencer based his optimistic XRP estimate on Robinhood’s well-established track record of conducting thorough due diligence before listing coins. According to this perspective, Robinhood is well-recognized for being extremely picky when listing cryptocurrencies. As a result, the fact that the platform is offering XRP indicates that it believes in the potential of the digital asset. According to Crypto Assets Guy: 

“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.”

Related Reading: XRP’s Legal Victory Fuels Speculation: MoneyGram Partnership Potential

Crypto Community Response to the Potential Listing

The crypto community, meanwhile, voiced a range of views over the proposed listing. According to a crypto enthusiast, Robinhood is famous for delisting digital assets in the sight of any outside pressure. According to reports, Cardano (ADA), Polygon (MATIC), and Solana (SOL) were delisted by Robhinood in June. After filing cases against Binance and Coinbase because the cryptocurrencies were unregistered securities, the US regulator made the decision.

Another X user bemoaned the continual calling of big pumps on XRP in light of even “small-ish news,” at the same time. The commentator expressed concern over the way that prices are driven by rumors and speculation even in the absence of substantive developments. 

A study claims that Robinhood has a sizable user base of cryptocurrency traders. According to the report, there were more than nine million Robinhood users. Therefore, as it would be available to investors, an XRP listing might potentially have an impact on its price. Notably, it has been five years since the official Robinhood X handle referenced XRP in a tweet. Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and a few more digital currencies are among the assets it supports. 

Read Also: Expert Predicts 28,250% Pump to $149 for XRP

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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