XRP achieves a big milestone on Robinhood, rating among the many high 10 greatest movers on the buying and selling platform.
XRP has continued to show heads throughout the crypto market following its unimaginable surge over the previous few days. Robinhood lately acknowledged XRP’s exceptional efficiency, highlighting the asset as one of many high 10 cryptos with the largest weekly positive factors on its platform.
XRP Shines on Robinhood
Notably, XRP ranked among the many high 10 best-performing cryptos this week on Robinhood’s European and American Arm.
On Robinhood Europe, XRP was the fifth best-performing cryptocurrency, boasting a weekly acquire of 48.8% as of November 15, 2024. It ranked behind dogwifhat (WIF), Bonk (BONK), Dogecoin (DOGE), and Pepe (PEPE), which surged 58.3%, 70%, 88.1%, and 100.7% in the identical timeframe, respectively.
Conversely, XRP outperformed different outstanding cryptos like Cardano (ADA), Render (RENDER), Stellar (XLM), Close to Protocol (NEAR), and Shiba Inu (SHIB), which witnessed spikes of 42.3%, 34.6%, 31.4%, 31%, and 27.1%, respectively.
In the meantime, XRP claimed the third place among the many high 10 best-performing cryptos on the U.S. arm of Robinhood’s buying and selling platform. Whereas XRP ranked behind DOGE and PEPE, it led property like ADA, XLM, SHIB, BTC, AVAX, LTC, and BCH by way of weekly positive factors.
For context, as of November 15, BTC, AVAX, LTC, and BCH costs soared by 17.3%, 16.5%, 16.3%, and 14% in a single week, respectively.
Robinhood Relists XRP
Robinhood highlighted XRP’s unimaginable efficiency days after relisting the coin on its U.S. platform. Recall that Robinhood was among the many buying and selling platforms that delisted XRP after the U.S. SEC charged Ripple with providing the coin as an unregistered safety.
Regardless of a U.S. federal court docket labeling XRP a non-security in July 2023, Robinhood did not relist the coin like Coinbase and Kraken did. In September 2024, Robinhood quietly relisted XRP on its European arm and made the coin accessible to its U.S. prospects earlier this week.
XRP Explodes to Practically $1
Within the meantime, XRP’s worth has exploded tremendously, closing in on the $1 psychological mark. The coin soared to $0.9771 at the moment, with its market cap hitting $55.63 billion. Information from CoinMarketCap reveals that XRP has witnessed a surge of 73% over the previous week and 18.02% prior to now day.
A number of components are accountable for the continued rally, equivalent to hypothesis of a gathering between Ripple CEO Brad Garlinghouse and U.S. President-Elect Donald Trump, in addition to Gary Gensler’s potential departure from the SEC.
These developments trace at a attainable settlement of the Ripple lawsuit, which has lingered since December 2020 and has wreaked havoc on XRP’s worth.
With traders anticipating the lawsuit to be resolved beneath Trump’s administration, XRP has witnessed a rising demand resulting in its exceptional worth surge.
