XRP, the native token of Ripple’s Labs, has been hindered in its growth by the United States Securities and Exchange Commission (SEC) for the past three years. Pro-XRP lawyer and CryptoLaw founder John Deaton has blamed the SEC for the slow growth in the price of XRP. He believes that the XRP and the broad Ripple ecosystem were performing significantly well before the SEC filed a lawsuit against the payment company.The recent Coinbase and Circle strategic partnership has given hope to the XRP token. The American cryptocurrency exchange recently acquired a stake in Circle that will see the United States dollar-pegged stablecoin USDC launch on six new blockchains. Coinbase and Ripple already had a cordial relationship before the SEC’s indictment.BitPay recently highlighted some of the top stores and merchants that accept the use of XRP for transaction payments. There are about 28 XRP-friendly merchants where XRP can be exchanged for goods or services.Options trading-inclined crypto exchange BIT integrated XRP trading on its platform a few days ago. Coinbase and Kraken have publicly announced their plans to relist the XRP token on their different platforms. Gemini also relisted the coin as a show of support for the XRP Ledger. With all of these positive moves, XRP may regain a significant percentage of all that was lost in the last three years.
| Information |
Details |
| Geography |
North America |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
8 |
| People |
John Deaton, Analisa Torres, BitPay, Coinbase, Kraken |
| Companies |
Coinbase, Kraken, Gemini, BitPay, SEC |
| Currencies |
XRP, Bitcoin, Ethereum, USDC, LADYS |
| Securities |
None |
