• XRP’s price has gained 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses.
• Despite this, sentiment surrounding Ripple’s legal battle with the SEC remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token.
• Some have even claimed they’ve heard rumors that Coinbase is indeed planning to relist XRP, although there is no evidence in support of such speculation.
XRP Price Gains
The XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses. Its current price represents a 5% fall in a week and a very slight 0.4% dip in the last 30 days, as XRP continues to be undermined by the dragging on of Ripple’s legal battle with the SEC.
Despite this, sentiment surrounding this case remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token. This indicates confidence that Ripple will succeed in securing a positive judgment, and that exchanges will be legally permitted to list XRP.
XRP remains in a precarious position at the moment, with its indicators consistent with either continued rises or new falls. Its 30-day moving average (red) has flatlined after touching its 200-day (blue), and it looks like it could now come down along with its price. Meanwhile, XRP’s relative strength index (purple) has risen to more than 45 after sinking to 40. Having already fallen in recent days, this minor recovery could signal further increases, although it could just as easily fall again, as happened in December.
Today’s rise has occurred in context of widespread campaigns on Twitter and social media calling for Coinbase to relist XRP under #RelistXRP hashtag.. Supporters argue that not only would such a relisting spark a rally for the token but also that Coinbase would benefit by reaping millions in exchange fees.. Some have even claimed they’ve heard rumors that Coinbase is indeed planning to relist XRP.. However; there is no evidence yet supporting these claims..
Coinbase Submission of Testimony
That said; Coinbase did submit an amicus brief back November 2020 supporting Ripple which suggests that it still holds favorable stance for XPR despite delisting it earlier..