[Daily Report with Jenny Mi] $XRP Relisted on Major Cryptocurrency Exchange After Moving up 85% Year-to-Date 🔥
In a new announcement, popular cryptocurrency exchange CEX.IO has announced that XRP is now once again available to its users in the US, after a landmark court decision saw a federal judge determine that Ripple’s systematic sales of XRP did not constitute an offer of investment contracts and that XRP wasn’t a security when sold on the secondary market.
The listing comes at a time in which the price of XRP has been surging, with the cryptocurrency moving up over 26% over the past month and over 85% so far this year.
The SEC’s lawsuit against Ripple in late 2020 led to various major crypto exchanges dropping the coin from their platforms, fearing feared that offering XRP trading could expose them to legal and regulatory risks. The lawsuit saw platofmrs including Coinbase, Kraken, and others drop their support for XRP at the time.
Last month, the Ripple community had two reasons to celebrate. First, the US magistrates dismissed the SEC’s attempt to overturn the initial ruling. Second, the charges against CEO Brad Garlinghouse and Executive Chairman Chris Larsen were dismissed, with these victories resulting in the largest single-day increase in XRP’s value in several months .
As reported, historical XRP price data shows that over the past five years November has predominantly been unprofitable for XRP, except for 2020 when it saw a significant 178.3% gain.
