- XRP was re-listed by Canadian exchange Newton Crypto, sparking rumors of relisting on Coinbase.
- Despite multiple social media campaigns from the XRP holder community, Coinbase has not relisted the Ripple token.
- Analysts predict a 55% rally in XRP if there is a resurgence in buying pressure.
XRP was re-listed by Newton Crypto, a Canadian crypto exchange. The news has sparked rumors of re-listing by Coinbase, one of the largest cryptocurrency exchanges.
While Coinbase has come out in support of the remittance token in the SEC v. Ripple lawsuit, the exchange has not announced a re-listing.
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XRP relisting on exchanges begins with Newton Crypto
Newton Crypto, a leading cryptocurrency exchange, announced the relisting of XRP. This is a key milestone for the altcoin. In December 2020, US financial regulator Securities and Exchange Commission (SEC) hit payment giant Ripple with a lawsuit. The regulator accused remittance provider Ripple of an unregistered securities sale of XRP tokens. The SEC maintains that XRP is a security.
Following the news of the lawsuit, several cryptocurrency exchanges delisted the XRP token. The altcoin’s holders witnessed mass de-listing from Coinbase, Kraken, Bitstamp, Crypto.com and OKCoin.
A new round of re-listing from exchanges therefore comes as a relief to XRP holders who persevered through the legal battle between the SEC and Ripple.
Coinbase has joined US-based blockchain associations in supporting Ripple through amicus curiae brief in the lawsuit. However, the exchange has yet to unveil a plan for re-listing the altcoin. Interestingly, a re-listing could fuel a rally in the altcoin as new listings result in massive price movements in assets on Coinbase. Experts termed this as “The Coinbase Effect.”
The XRP community of holders on Twitter ran several campaigns in an attempt to get the token relisted on Coinbase, to no avail yet.
Analysts predict a massive XRP price rally
Akash Girimath, technical analyst at FXStreet, has evaluated the XRP price trend and predicted a rally in the altcoin. Girimath believes that a resurgence in buying pressure could result in a 55% rally in the remittance token.
XRP price could hit the $0.609 level and this move could reverse the 69% crash from Q2 2022.
XRPUSDT price chart
A premature move above $0.448 could invalidate the bullish thesis and result in a trend reversal in XRP price.
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FAQs
Coinbase will re-enable trading for XRP following a Thursday court ruling.
What will cause the price of XRP to go up? ›
XRP Price Prediction - Bullish Market Scenario
In a bullish market scenario, XRP's price predictions are driven by a combination of strong market sentiment, technological advancements, and increasing business adoption.
What affects XRP price? ›
The price of the XRP token and thus the value of Ripple depends on the state of supply and demand in the market. The price is not influenced by any economic or financial policy.
What is the prediction for XRP cryptocurrency? ›
Experts forecast that Ripple (XRP) could vary significantly between now and 2030, with potential support at $0.37 and resistance up to $1.71. The average price is expected to stabilize around $1.11. Currently priced at $0.605, XRP may see an upward trend reaching these predicted highs.
What happens to my XRP on Coinbase? ›
On February 20th, 2023, Coinbase Wallet discontinued support for the following assets and networks due to low usage: BCH, ETC, XLM and XRP. If you held these assets, they will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.
How high can XRP go? ›
With most XRP future Ripple price predictions however, It's generally expected that Ripple should be worth more in 2024 than it is now, with some pundits suggesting that it could be worth as high as a maximum price of $4. Some are a little bit more modest, expecting closer to $1.
Could XRP skyrocket? ›
If the project were to reform significantly to drive value to the XRP token, there is every chance that XRP could soar to new highs. However, like any investment, there are risks that every investor should consider before making a decision to invest.
Can XRP go up to $1000? ›
At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.
Will Ripple win the lawsuit? ›
Did Ripple Win the SEC Case? Both Ripple and the SEC scored victories in the case, but the SEC continues to seek remedies from Ripple in the form of large fines.
How high can XRP go in 2024? ›
Having analyzed XRP prices, cryptocurrency experts expect that the XRP rate might reach a maximum of $0.723 in September 2024. It might, however, drop to $0.457. For September 2024, the forecasted average of XRP is nearly $0.590.
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|
| Bitcoin (BTC) | $1.32 trillion | $67,217 |
| Ethereum (ETH) | $389 billion | $3235 |
| Binance Coin (BNB) | $84 billion | $575.82 |
| Solana (SOL) | $82 billion | $178.27 |
6 more rows3 days ago
XRP has had some major price swings in the past and according to crypto analyst Javon, something similar is about to occur. In an XRP price chart shared on social media by the analyst, the current price movement indicates that XRP surging to $200 is very possible.
How much will 1 bitcoin be worth in 2025? ›
Bitcoin (BTC) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 70,788.53 |
| 2026 | $ 74,327.96 |
| 2027 | $ 78,044.35 |
| 2030 | $ 90,346.10 |
1 more rowBased on our algorithmically generated price prediction for Bad Idea AI, the price of BAD is expected to decrease by 229.44% in the next month and reach $ 0.0₇5887 on Aug 26, 2024. Additionally, Bad Idea AI's price is forecasted to gain 181.35% in the next six months and reach $ 0.0₇5028 on Jan 23, 2025.
What is the price prediction for XRP20? ›
Based on our XRP20 forecast, we expect this token to reach a price of $0.011 by 2030. Our low estimate for XRP20 is $0.0060 and our high estimate is $0.030.
Can XRP be purchased in the United States? ›
Yes, investors can trade XRP on major U.S. cryptocurrency exchanges, including Coinbase, Gemini and Kraken.
When was XRP removed from Coinbase? ›
XRP was removed from Coinbase in January 2021 following a lawsuit from the SEC against Ripple Labs, the company behind the XRP token. The lawsuit claimed that the token operated as an unregistered security used to fund the company's platform in 2013.
How to sell XRP in the USA? ›
How to sell Ripple
- Create your free Kraken account. Verify your details to get started.
- Send XRP to your Kraken account. Deposit XRP in your secure Kraken account.
- Sell Ripple instantly. Enjoy ultra-fast XRP transactions & withdraws.
🔍 Can You Mine XRP? - ❌ Traditional Mining Not Possible: Unlike Bitcoin and Ethereum, XRP cannot be mined. - 💡 Reasons: - Emission is already complete with 100 billion XRP in existence.
