In September 2024, the exchange reinstated XRP for its European Union customers, but the relisting occurred quietly without an official announcement. Users only noticed the update on Robinhood’s trading platform, where XRP was listed under its name. As a token that trades on little more than vibes, Pepe became synonymous with an industry-wide bout of meme coin mania that ran hot this spring. Since then, the Ethereum-based token has solidified its presence as one of the largest meme coins by market cap, only behind its dog-themed contemporaries, Dogecoin (DOGE) and Shiba Inu (SHIB). Each of us has extensive theoretical and practical experience in trading, cryptocurrencies, and blockchain. After the start of the trial, some kind of uncertainty became very relevant in the community.

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But following the Robinhood listing, traders moved 45 million XRP out of the short-term market supply, cutting down the exchange reserves below 3.23 million XRP at the time of publication. With Trump’s election victory, the incoming administration is expected to replace SEC Chair Gary Gensler with a more crypto-friendly candidate. Both Robinhood and Coinbase have put a beginner-friendly user experience at the core of their platforms, offering easy sign-up procedures and easy-to-navigate mobile and web-based interfaces. Robinhood also stores crypto assets on cold storage but doesn’t specify what percentage of assets are stored offline.

How much does it cost to buy one XRP?

If you want to know how to buy Ripple on Coinbase, just click on the “Buy / Sell” button on the website, enter an amount, and choose a payment method. There are other more specific factors that can affect the price of XRP, such as upgrades and new partnerships. If Ripple wins the case, the price of XRP could benefit, while a negative outcome could lead to a fall in price. We update our data regularly, but information can change between updates.

The development boosts the likelihood of higher institutional capital inflow and utility for XRP, could contribute to gains in the asset. Yes, you can buy XRP legally on any of the regulated exchanges in the U.S. XRP can be purchased on Coinbase, Robinhood, eToro, Kraken and other exchanges. Whether you’re a novice or a seasoned trader, understanding how to buy XRP effectively is crucial for maximizing your investment potential.

• With Trump’s election victory, the incoming administration is expected to replace SEC Chair Gary Gensler with a more crypto-friendly candidate.
• The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
• This momentum, coupled with Robinhood’s new listing hints at a potential price boost for XRP.
• Several exchanges have suspended XRP trading due to an ongoing investigation by the Securities and Exchange Commission.
• Gianluca Miller’s crypto journey started in 2019 when he sought alternative assets to diversify his investment portfolio.

XRP Takes Top Spot on Robinhood Biggest Movers List Following Its Relisting

While the majority of crypto traders bet on Donald Trump to win the November 5 presidential election, Ripple (XRP) founders donated over $11 million to the Kamala Harris campaign. Following the announcement of this major milestone, many in the XRP community have voiced their support and appreciation. This excitement has been further fueled by Grayscale’s recent launch of an XRP Trust in the US.

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Robinhood is a popular trading app, most notably for first-time investors. In addition to offering easy-to-use crypto trading, the online broker began offering Crypto Wallets in 2022. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their start forex broker from scratch turnkey solutions funds as unsecured creditors. XRP is a cryptocurrency intended to speed up global payments at a time when clearing payments can take days.

The expansion is aimed at providing diverse investment options for its existing users and potentially attracting new customers. To buy XRP at the smallest possible cost and with zero fees, you can use Blocktrade as a secure and reliable exchange platform. So, when the altcoin market surged in March 2021, XRP’s price rallied with it. Investors who bought the bottom of the lawsuit crash watched their XRP portfolio shoot up by more than 1,000%.

The provides a pivotal moment that strengthens Ripple’s standing in the crypto world. With increased accessibility and renewed legitimacy, XRP is poised for wider adoption. There are rumors aplenty that a Ripple ETF is close to being approved as well, which would new crypto.com listings open the floodgates to huge pools of institutional capital looking for exposure to Ripple. A recent relisting on the Robinhood platform has also given retail investors the green light to ape into Ripple, no doubt causing a significant part of today’s pump.

The platform is optimistic that the new administration will focus on regulatory clarity, which how to buy solana on phantom could lead to more token listings, including popular meme coins. Ripple (XRP) is one of the leading cryptocurrencies with a strong value proposition and market capitalization. Aiming to facilitate the institutional adoption of cryptocurrency, Ripple is tackling a critical problem head-on. Traditional institution transactions, especially international ones, are slow, costly and inefficient.

This reduction in liquid supply can intensify upward price pressure as fewer tokens are available for rapid sales. Valued at the current prices, XRP exchange outflows over the last 48 hours have crossed $33 million. However, on November 13, market sentiment turned positive after Robinhood announced the listing of XRP, Solana and Cardano.

Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. In the meantime, XRP’s price has exploded tremendously, closing in on the $1 psychological mark. The coin soared to $0.9771 today, with its market cap hitting $55.63 billion.