News View Non-AMP

Robinhood Re-Lists XRP: Key Price Levels & Market Analysis

Published by
Debashree Patra

XRP is back in the spotlight, surging past $0.5900 and setting its sights on July 2024’s high of $0.6602. The catalyst? Robinhood has re-listed XRP on its commission-free trading platform, reigniting optimism in the crypto community following the resolution of Ripple’s legal battle with the SEC.

But this is just the beginning. There’s more to this story than meets the eye. Curious to know what’s driving XRP’s resurgence? Keep reading.

Robinhood’s Quiet XRP Comeback

In a subtle move, Robinhood’s crypto arm added XRP to its supported assets alongside Bitcoin, Ethereum, and Shiba Inu. Interestingly, the platform made no official announcement, leaving the discovery to users who spotted the change on its help page. The twist? Currently, only European Union customers can trade XRP, while U.S. users are left waiting for further updates.

Although trading is restricted for now, Robinhood users can access XRP’s price chart—a feature generating excitement within the XRP community. This visibility hints at broader market access and increased trading activity on the horizon, fueling hope among investors and fans alike.

Bitstamp Acquisition Fuels Buzz

Speculation around XRP’s return to Robinhood had been mounting, especially after the brokerage acquired Bitstamp, a platform that supports XRP trading. Ripple’s lengthy legal battle with the SEC had been the main obstacle. Now, with Ripple agreeing to a $125 million fine to settle the case, that hurdle is finally cleared—without the SEC appealing the decision.

Ripple’s newly achieved regulatory clarity is making XRP more attractive to both exchanges and investors. Robinhood’s move could inspire other platforms to follow suit, particularly as XRP has risen by 3.75%, trading at $0.5898—outpacing other top 10 cryptocurrencies.

Is a Spot ETF on the Horizon?

In another boost for XRP, Grayscale has launched the first XRP Trust, further strengthening confidence in the coin’s future. With the increasing likelihood of a potential spot ETF, Ripple is emerging stronger from its legal challenges, and the growing support for XRP suggests a promising road ahead.

XRP Price Analysis: Key Levels to Watch

Currently experiencing a slight pullback, XRP is trading at $0.5820 after reaching a high of $0.5961. Support at $0.5734 and the 50-day EMA at $0.5621 could help prevent further declines.

Meanwhile, the Relative Strength Index (RSI) has eased from overbought levels to 60.16, indicating a possible slowdown in bullish momentum. Traders should watch for a break below $0.5734, which could lead to a retest of $0.5621. Conversely, a push above $0.5961 might see XRP aim for $0.6135.

Will XRP reach new heights in the coming months? Tell us your bets.

Debashree Patra

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

Recent Posts

Could a $1000 Investment in Mutuum Finance (MUTM) Turn Into $100,000 Like Dogecoin (DOGE) in 2021?

Dogecoin (DOGE) created a buzz in 2021 by converting little investments into colossal wealth through…

May 4, 2025

Bitcoin Solaris Reduces Transaction Fees by 80% Compared to Bitcoin’s Network

If you’ve ever moved Bitcoin during a busy stretch, you know how it goes. You…

May 4, 2025

SUI and POL Investors Are Quietly Rotating Into Codename:Pepe — What’s Fueling This Shift?

Investors in SUI and POL are beginning to rotate into Codename quietly:Pepe, an emerging AI-powered…

May 4, 2025

$350 Might Just Be Enough—XYZ, SOL, and ADA Are Testing the Boundaries

A small investment might unlock significant opportunities as certain digital currencies push their limits. Tokens…

May 4, 2025

Fact Check: Will Ripple Vs SEC End on Thursday?

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) might…

May 4, 2025

Pi Coin News: Banxa Opens Doors to Pi Network in 100 Plus Countries with KYB Approval

A few days ago, Banxa temporarily suspended Pi transactions, likely due to pending KYB (Know…

May 4, 2025