XRP is now listed on the Arkham Exchange, setting it up for a broader adoption amid changing market terrain
Ripple’s associated coin, XRP, has now debuted on Arkham Exchange. The digital asset has expanded its reach to both spot and futures trading on the platform This milestone comes as no surprise, considering the token’s global popularity over the past few years and its recent surge in value.
XRP’s journey has been nothing short of remarkable. The crypto asset experienced a significant rally in November, outpacing many other top tokens. Despite ongoing legal battles, XRP’s price hit an impressive $2.8 briefly before settling back to its current value of $2.42 per market data.
This surge came from favorable court rulings from the New York District Court. The ruling allowed major exchanges like Coinbase and Bitstamp to relist XRP. The decision clarified that secondary XRP sales are not classified as securities, a victory for XRP holders and the broader crypto community.
XRP Future Brightens with SEC Leadership Change
A major reason traders feel positive about XRP’s future is the change in leadership at the U.S. Securities and Exchange Commission (SEC). Paul Atkins, the new expected head of the SEC, is known for supporting cryptocurrencies.
In contrast, Gary Gensler was seen as a significant barrier for XRP and other digital assets. With this leadership change, many in the crypto world are hopeful for a more favorable regulatory environment for XRP.
XRP’s future looks promising, with experts expecting it to grow significantly. Although its price has dropped slightly from recent highs, XRP’s solid foundation and changing regulations could help it soar again. As more exchanges like Arkham support XRP, its global reach will likely further boost demand.
In addition, Ripple’s upcoming RLUSD stablecoin is expected to strengthen XRP’s market position further. The stablecoin, backed by the U.S. dollar, will integrate seamlessly into Ripple’s broader ecosystem. It promises to provide increased utility and encourage faster transactions.
This move is poised to enhance XRP’s role in cross-border payments and foster greater adoption. The much-anticipated stablecoin is set to create a more robust and interconnected network. As Ripple continues to innovate with projects like RLUSD, the future of both XRP and the company looks poised for sustained growth and success.
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