As XRP Robinhood Rumors Swirl, XRP20 Coin Price is Getting Ready to Blast Off for Near-Term 3x Gains
XRP Robinhood listing rumors are swirling, and that’s good news for XRP20 – the yield-bearing ‘XRP on Ethereum’ coin that launched yesterday and continues to see price consolidation above its $0.00092 listing price.
The stake-to-earn XRP20 token started trading on Uniswap decentralized exchange yesterday (Tuesday, August 22), racking up trading volume in excess of $1 million.
XRP20 mirrors the 100 billion supply of XRP but has no affiliation with Ripple, the issuer of the XRP token.
Nevertheless, XRP20 is positioned in the market as a better version of XRP, which means that it will benefit from the bullish sentiment surrounding the ecosystem since a recent ruling in the court case brought by the US Securities and Exchange Commission (SEC).
Market participants saw the judge’s decision as a win for Ripple after she said XRP was not a security when sold in the retail realm. The SEC is appealing that ruling.
The upshot of all that is that a number of exchanges have reappraised their decision to delist the XRP token. Coinbase, for example, has relisted XRP.
Now there are rumors that online broker Robinhood could follow suit. The X (formerly Twitter) rumor mill has seen increasing noise in the past few days claiming that Robinhood could list XRP before the end of 2023.
What is good news for XRP is, by association, good news for XRP20 – the positive newsflow is likely to encourage buying of XRP20 after its solid trading debut.
Priced at $0.000948 on Uniswap, according to the latest data from DEXTools, there are now 23 billion tokens staked, amounting to 22% of the total token supply and 56% of the presale allocation.
Forty percent of tokens are allocated to stalking rewards, with 10% each going to DEX liquidity and burning.
XRP20 is
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