You may not look at XRP the same way again. The leap he made after Judge Analisa Torres’ verdict is far from equaling the January 2018 ATH (3.84 dollars), but amazes more than one. Thus propelled, the Ripple token is making a triumphant return to crypto exchanges where it was previously banned. Decryption!
The comeback of XRP
There victoire by Ripple against the SEC may be partial, but enough to propel XRP and other altcoins to the moon. The champagne must have flowed freely among the investors who were entitled to a dramatic rise of their favorite cryptocurrency, XRP.
64% in 24 hours54% in a month and 148% in a year, many enthusiasts believed that it would happen sooner or later.
What seemed like a simple qualification of Ripple’s token by Judge Torres turned into a sudden renewed interest.
Shortly after XRP’s requalification, notorious crypto exchanges began redeeming themselves in the eyes of fans of Ripple’s token.
Brad Garlinghouse’s company has opened the ball for exchanges. His tweet this morning chants the “V” for victory (“Win”).
” V [victoire]
V for Ripple
V for industry
V for builders
V for a clear regulation
V for system update
Oh, and XRP is now open for trading. »
Three hours earlier, Paul Grewal, the chief legal officer of Coinbase who accused the SEC of violating the law, shared his opinion on the subject after careful consideration.
” We read Judge Torres’ thoughtful decision. We have carefully reviewed our position. It’s time to re-register [le XRP] on the list. »
After Coinbase came the turn of Kraken, another crypto exchange victim of the SEC vendeta. His tweet was concise, but clear.
” New token available in the USA.
– Trading is now open. »
Crypto.com’s message differs from that of Kraken by an orientation towards an application facilitating the purchase of XRP. Transactions will be at real cost with US Dollars, Euros, British Pounds and over 20 fiat currencies. »
Gemini, the crypto exchange owned by the Winkevoss brothers, preferred to test the waters before integrating XRP into its ecosystem.
” Given today’s ruling that selling XRP on exchanges is not a security, Gemini is investigating the possibility of listing XRP for spot trading and derivatives. »
Asked by The Block on this turnaround, Wayne Huang, co-founder of XREX, said that the decision of judge Analisa Torres pushed exchanges serving US investors to (re)list XRP.
Note also that some of them preferred to withdraw the token from Ripple at the start of the lawsuit filed by the SEC in 2020.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service ofdaily and weekly so you don’t miss any of the essential Tremplin.io!