XRP surged today after a top crypto exchange announced a major listing, fueling optimism among Ripple enthusiasts.
XRP Listing: The cryptocurrency has experienced a robust recovery today, following a period of volatile trading.
Several favorable developments have contributed to the increase in market sentiment.
Investors’ confidence in the asset has been further enhanced by a significant listing notification for Ripple’s native crypto.
It is important to note that the listing or any positive developments by the main exchanges tend to fuel hopes for investors, showcasing the exchanges’ soaring interest in the assets.
Optimism Is Sparked By Significant Listing Of XRP
XRP has experienced a significant increase in value today as investors began to regain confidence in the asset.
In the midst of this, a prominent cryptocurrency exchange has disclosed that it will incorporate the token into its platform, a development that has garnered substantial investor interest.
Arkham Exchange announced on December 13 that it intended to list Ripple’s native cryptocurrency on its platform.
In addition, the exchange declared that it would include the token in both spot and perpetual pairings, which serves as an additional indication of its confidence in the asset.
At the same time, it is important to mention that the exchange announced in a subsequent post regarding the listing that “XRP TRADING IS NOW LIVE,” which has captivated the attention of market enthusiasts.
Additionally, it occurs during a period in which the cryptocurrency has experienced a substantial increase in value, which suggests that there is a high level of market confidence in the cryptocurrency.
Conversely, the market has been buoyed by a spate of other positive developments.
Additionally, investors’ attention toward the asset has shifted as the principal brief deadline for the Ripple Vs SEC case approaches on January 15, 2025.
Nevertheless, it is widely expected that Gary Gensler, the current Chair of the US Securities and Exchange Commission (SEC), will cause substantial complications in the ongoing legal dispute before his retirement on January 20.
What Will Happen To Ripple Next?
Plaintiffs in the class action lawsuit against Ripple Labs have submitted appeals to the Ninth Circuit Appeals Court, according to the most recent XRP lawsuit news.
The appeal contests recent rulings that have favored Ripple, its CEO Brad Garlinghouse, and XRP II.
It is important to note that the plaintiffs are attempting to reverse the summary judgment orders and other pending arguments that Ripple successfully argued in the district court.
Nevertheless, the asset’s market optimism remained robust, despite the recent challenges.
Additionally, the most recent listing by the foremost cryptocurrency exchange has sparked market debate regarding its potential influence on the asset’s price in the future.
It is important to note that the most recent price of XRP increased by approximately 6% to $2.46, and its trading volume increased by 10% to $10.29 billion.
The token has achieved a 24-hour high of $2.52, resulting in a monthly gain of roughly 250%.
Additionally, the Futures Open Interest of Ripple’s native crypto increased by 13%, evidence of a robust market interest in the cryptocurrency, according to CoinGlass data.
Investors’ confidence in Ripple has been further bolstered by the recent NYDFS approval of its stablecoin, RLUSD.
Conversely, these recent developments also suggest that the United States may approve the XRP ETF by the end of the year.
In addition, a recent price analysis for Ripple’s native crypto suggests that there is a possibility of a rally to $3 this weekend.