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XRP Listing: The crypto has noted a strong recovery today, after a recent volatile trading, with a flurry of positive developments boosting market sentiment. Amid this, a major listing announcement for Ripple’s native crypto has further bolstered investors’ confidence in the asset. Notably, the listing or any positive developments by the major exchanges tend to fuel hopes for investors, showcasing the exchanges’ soaring interest in the assets.
XRP Sees Major Listing Sparking Optimism
XRP has recorded a massive surge today as investors started regaining confidence in the asset. Amid this, a leading crypto exchange has announced that it is listing the token on its platform, which has gained significant attention from investors.
For context, Arkham Exchange said on December 13 that it planned to list Ripple’s native crypto on its platform. Besides, it said that it would list the token for both spot and perpetual pairs, further showcasing the exchange’s confidence in the asset.
Meanwhile, it’s worth noting that in a following post regarding the listing, the exchange said “XRP TRADING IS NOW LIVE”, which has caught the eyes of market enthusiasts. Besides, it also comes amid a time when the crypto has recorded a strong rally recently, indicating strong market confidence towards the crypto.
On the other hand, a flurry of other positive developments has also fueled market hopes. Besides, the investors also shifted their focus towards the asset as the January 15, 2025, deadline for the principal brief in the Ripple Vs SEC case approaches. However, many anticipate the US SEC Chair Gary Gensler to cause significant problems in the ongoing legal battle before he steps down on January 20.
What’s Next For Ripple?
In the latest XRP lawsuit news, plaintiffs in the class action lawsuit against Ripple Labs have filed appeals in the Ninth Circuit Appeals Court. The appeal challenges recent judgments in favor of Ripple, its CEO Brad Garlinghouse, and XRP II. Notably, the plaintiffs are seeking to overturn orders on summary judgment and other pending arguments that Ripple won in the district court.
However, despite the recent challenges, the market optimism remained strong towards the asset. Besides, the latest listing by the top crypto exchange has also fueled market discussions over its potential impact on the asset’s price ahead. Notably, the latest XRP price showed a surge of around 6% to $2.46, while its trading volume jumped 10% to $10.29 billion.
The token has touched a 24-hour high of $2.52, with a monthly gain of nearly 250%. Furthermore, CoinGlass data showed Ripple’s native crypto’s Futures Open Interest jumped 13%, suggesting a strong market interest in the crypto.
Meanwhile, the recent NYDFS approval for Ripple’s stablecoin RLUSD has also fueled investors’ confidence in the firm. On the other hand, these recent developments also indicate a potential XRP ETF approval in the US by next year. Besides, a recent price analysis for Ripple’s native crypto indicates a potential rally to $3 this weekend.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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