Robinhood Lists XRP, Boosting Community Excitement

The XRP community got some good news and is very excited over what seems to be a new listing on popular exchange Robinhood.

Although the brokerage hasn’t officially confirmed the listing, its updated assets page now includes XRP. However, there’s an important detail to consider.

The listing of XRP on the commission-free brokerage comes with a notable limitation: it’s currently only accessible to users in the European Union. Robinhood’s help center now lists XRP alongside other major cryptocurrencies like Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH). This addition has thrilled the XRP community, as it signals potential increased market activity for the coin.

Speculation about XRP’s Robinhood listing had been circulating ever since Robinhood’s acquisition of Bitstamp, which supports XRP. However, the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) posed a significant obstacle.

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Recent developments, including a court ruling that required Ripple to pay $125 million in fines, have cleared some of the regulatory uncertainties surrounding XRP. This resolution has positively influenced XRP’s price, which was trading at $0.5898 with a 3.75% increase in the past 24 hours, making it the only coin in the top 10 with positive growth.

The lengthy legal dispute between Ripple and the SEC had led many exchanges to delist XRP to avoid regulatory complications. With the lawsuit concluded, there’s high anticipation that more platforms will begin to support XRP. The listing on Robinhood marks a significant step forward, offering XRP a regulated platform to gain greater exposure.

Alexander Zdravkov