XRP achieves a significant milestone on Robinhood, ranking among the top 10 biggest movers on the trading platform.
XRP has continued to turn heads within the crypto market following its incredible surge over the past few days. Robinhood recently acknowledged XRP’s remarkable performance, highlighting the asset as one of the top 10 cryptos with the biggest weekly gains on its platform.
XRP Shines on Robinhood
Notably, XRP ranked among the top 10 best-performing cryptos this week on Robinhood’s European and American Arm.
On Robinhood Europe, XRP was the fifth best-performing cryptocurrency, boasting a weekly gain of 48.8% as of November 15, 2024. It ranked behind dogwifhat (WIF), Bonk (BONK), Dogecoin (DOGE), and Pepe (PEPE), which surged 58.3%, 70%, 88.1%, and 100.7% in the same timeframe, respectively.
Conversely, XRP outperformed other prominent cryptos like Cardano (ADA), Render (RENDER), Stellar (XLM), Near Protocol (NEAR), and Shiba Inu (SHIB), which witnessed spikes of 42.3%, 34.6%, 31.4%, 31%, and 27.1%, respectively.
Meanwhile, XRP claimed the third position among the top 10 best-performing cryptos on the U.S. arm of Robinhood’s trading platform. While XRP ranked behind DOGE and PEPE, it led assets like ADA, XLM, SHIB, BTC, AVAX, LTC, and BCH in terms of weekly gains.
For context, as of November 15, BTC, AVAX, LTC, and BCH prices soared by 17.3%, 16.5%, 16.3%, and 14% in one week, respectively.
Robinhood Relists XRP
Robinhood highlighted XRP’s incredible performance days after relisting the coin on its U.S. platform. Recall that Robinhood was among the trading platforms that delisted XRP after the U.S. SEC charged Ripple with offering the coin as an unregistered security.
Despite a U.S. federal court labeling XRP a non-security in July 2023, Robinhood failed to relist the coin like Coinbase and Kraken did. In September 2024, Robinhood quietly relisted XRP on its European arm and made the coin available to its U.S. customers earlier this week.
XRP Explodes to Nearly $1
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. Data from CoinMarketCap shows that XRP has witnessed a surge of 73% over the past week and 18.02% in the past day.
Several factors are responsible for the ongoing rally, such as speculation of a meeting between Ripple CEO Brad Garlinghouse and U.S. President-Elect Donald Trump, as well as Gary Gensler’s potential departure from the SEC.
These developments hint at a possible settlement of the Ripple lawsuit, which has lingered since December 2020 and has wreaked havoc on XRP’s price.
With investors expecting the lawsuit to be resolved under Trump’s administration, XRP has witnessed a growing demand leading to its remarkable price surge.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
