- Rumors circulate about Robinhood listing XRP by year-end.
- Speculation intensifies in the crypto community regarding the potential impact of such a move on XRP’s value.
A Potential Lifeline for XRP in Turbulent Times
The realm of cryptocurrencies is one that’s never short of volatility. Amidst this turbulence, XRP finds itself in a downward spiral, showing a decline of over 17% in its recent seven-day performance. However, a beacon of hope seems to be on the horizon, as the crypto sphere is buzzing with speculations about Robinhood potentially listing XRP by the end of this year.
Recent indications of this came from a tweet by Crypto Assets Guy, a prominent figure in the XRP community. The influencer shed light on the conversations within the community, focusing on the possibility of Robinhood, a major US-based exchange, including XRP in its offerings.
If the rumors are true and Robinhood list $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
As I have been saying, Q4…
— Crypto Assets Guy (@cryptoassetsguy) August 21, 2023
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For those unacquainted, Robinhood’s reputation precedes itself for its meticulous approach to coin listings. Being selective implies that they undertake comprehensive due diligence before making a move. In the words of 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.”
Community’s Mixed Reactions to the Speculation
The crypto sphere, always rife with opinions, voiced varied sentiments about this speculative listing. Some enthusiasts expressed skepticism, referencing Robinhood’s history of delisting digital assets, especially in light of regulatory pressures. Case in point: the delisting of digital assets like Cardano (ADA), Polygon (MATIC), and Solana (SOL) in June, which followed lawsuits against crypto giants Binance and Coinbase.
Others voiced concerns over the market’s reactive nature. They underlined how mere rumors, without any concrete developments, often lead to exaggerated price fluctuations.
Robinhood’s Crypto Clout
To understand the potential significance of this rumored listing, one needs to consider Robinhood’s stature in the crypto world. Reports suggest that Robinhood boasts a user base exceeding nine million crypto traders. Such massive outreach means that the inclusion of XRP could substantially increase its accessibility, potentially affecting its market value.
Historical data reveals that Robinhood’s last official tweet about XRP was half a decade ago, and its present supported assets encompass major players like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), among a few others.
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