XRP, one of the top cryptocurrencies by market capitalization, is now available for trading on Arkham Exchange, as confirmed in a recent announcement. The Ripple-affiliated token can be traded via both spot and futures markets, expanding its accessibility to a broader investor base.
Why XRP's Listing on New Exchanges Matters
The addition of XRP to yet another exchange underscores its growing prominence in the crypto ecosystem. Over the past few years, XRP has been a focal point of discussions due to its:
- Regulatory challenges
- Market volatility
- Strong community support
This latest listing follows a period of significant price appreciation, where XRP outperformed major altcoins like Ethereum (ETH) and Solana (SOL) during a bullish rally in November.
👉 Discover why XRP remains a top choice for traders
XRP's Rocky Regulatory Journey
XRP faced severe setbacks in early 2021 when it was delisted from major U.S. exchanges following the SEC's lawsuit against Ripple. Regulatory uncertainty cast doubt on its classification as a security, pushing it to the brink of falling out of CoinMarketCap's top 10 rankings.
However, a pivotal New York District Court ruling last year clarified that secondary XRP sales did not qualify as securities transactions. This decision prompted exchanges like Coinbase and Bitstamp to relist the token, restoring investor confidence.
The SEC's Changing Stance
With new leadership expected at the SEC, industry experts anticipate a softer regulatory approach toward cryptocurrencies. Gary Gensler's replacement, Paul Atkins, is viewed as more crypto-friendly, potentially benefiting XRP and similar digital assets.
Current Market Performance
After peaking at $2.8**, XRP has since stabilized around **$2.42. While the token's price appears to be consolidating, some traders remain optimistic about further upside potential.
👉 Stay updated on XRP's latest market movements
Frequently Asked Questions (FAQs)
Why was XRP delisted from U.S. exchanges in 2021?
The SEC's lawsuit against Ripple created uncertainty over whether XRP qualified as a security, leading to temporary delistings.
What caused XRP's price rally in November?
Increased adoption, favorable legal developments, and broader market optimism contributed to its surge.
Will the SEC's new leadership impact XRP positively?
Yes, a more crypto-friendly SEC chair could reduce regulatory pressures, benefiting XRP and other tokens.
Is XRP a good investment now?
While past performance doesn’t guarantee future results, XRP’s growing exchange support and regulatory clarity make it an asset worth watching.
Final Thoughts
XRP’s listing on Arkham Exchange marks another milestone in its recovery and expansion. With evolving regulations and market dynamics, XRP continues to attract both traders and long-term investors. Keep an eye on its developments—this token’s journey is far from over.