News View Non-AMP

XRP Price Surge Nearly 10% Ahead of Trade Expulsion on Coinbase

Published by
Sohrab Khawas

Will XRP Sustain Above $0.3?

XRP price in recent times after the major plunge has been rejected multiple times at $0.3. Despite trending in a very narrow range below $0.3, the asset managed to get a major boost which rallied the price nearly 20% since the early trading hours of the day.

However, a slight pull-back was also witnessed but the price managed to sustain above $0.3 levels. At the time of writing the XRP price is $0.30131 with a massive jump of 9.98% in just a couple of hours. 

The price jump is surrounding the times when one of the popular exchange Coinbase is going to suspend the XRP trading on its platform as reported by Coinpedia earlier. The price initiated the rally followed by an announcement from Ripple of Issuing Stablecoins on its open-source, decentralized blockchain platform XRP ledger(XRPL).

Therefore, currently, the price may be trading above $0.3, but the prime focus would be during the times when Coinbase and several other exchanges either delist or suspend trade. As per some analyst, the suspension may not impact XRP price at large scale, but whether it will manage to sustain above $0.3 is more vital.

Also Read: XRP Price Heads Strongly to Reclaim the Lost Position Above $0.34, Will It Hit $1?

Ripple SEC Lawsuit Update

In the latest update, Gary Gensler, a former investment banker and former government official is all set to take over as the SEC Chairman. With the announcement rolled out, Ripple CEO Brad Garlinghouse expressed his desire to work with the SEC in a very broader way. 

Looking to his tweet, many felt the CEO being very excited and speculated that Mr Gary might be exactly who Ripple wanted. As lawsuit filed by ex-SEC chairman Jay Clayton raised many eyebrows. However, one of the analysts XRP Right Now in his youtube video analysis has speculated that the new chairman will probably clear Ripple and XRP out of the current mess.

However, in his video, he has also mentioned that XRP price will surge to $2 as the lawsuit is settled that XRP has a utility and hence cannot be a security. The price might also be in double digits also.

With many new financial institutions joining Ripplenet and some major projects which are anticipated to be built on Ripple’s network as it is centralized, the XRP price is speculated to surge more than 10 times once the lawsuit is cleared.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Breaking: XRP ETF Approved, But it’s Not Spot ETF

The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched…

April 28, 2025

Pi Coin Price Drops 4% as New Whale Buys 48 Million Tokens: What It Means for Investors

Pi Coin’s price has dropped by more than 4% and is now trading at around…

April 28, 2025

XRP ETF Incoming: SEC Approves April 30 Launch for ProShares

In a much-awaited development that could shake up the digital asset space, a recent filing…

April 27, 2025

XRP Price Prediction And Analysis For April 27

XRP continues to show strength despite recent market volatility. While Bitcoin experienced sharp moves, XRP’s…

April 27, 2025

Next 23x Token? This DeFi Crypto Could Outperform SOL and AVAX in 2025

In a market where momentum often shifts fast and unpredictably, smart investors are increasingly focused…

April 27, 2025

Where to Earn Passive Crypto Income: Is FXGuys the Best Altcoin Presale Right Now?

Everyday trading isn’t everyone’s cup of tea. Not everyone wants to stare at screens all…

April 27, 2025