Gemini Considers Re-Listing Ripple XRP

Vignesh Karunanidhi
Gemini Evaluates Reintroduction of Ripple XRP Following Favorable Court Ruling
Source: The Wall Street Journal

Following the favorable outcome for Ripple in the prolonged Ripple v. SEC case, XRP is gaining the attention of prominent exchanges. Following the positive news for the Ripple XRP community, crypto exchange Gemini has expressed that the exchange is exploring the listing of XRP for both spot and derivatives trading.

In a recent ruling, a US judge officially determined that Ripple XRP does not fall under the classification of security, thus resolving the longstanding dispute between XRP and the SEC. Furthermore, the news had a notable effect on the price of XRP, resulting in a 30% surge immediately after the news hit the streets.

Also read: Ripple XRP Surges 30% as Judge Declares a Non-Security

Gemini considers listing XRP following the Recent Ruling

Gemini made the decision to delist Ripple XRP on December 7, 2020. However, the recent US court filing has pushed the exchange to reconsider its decision.

Also read: US Judge Rules Ripple XRP is Not a Security

According to CoinMarketCap data, Ripple XRP has surged by 72% following the positive outcome of the ongoing lawsuit. XRP went up from a 24-hour low of $0.4679 to its highest price of $0.8465. At press time, the coin was trading at $0.8177, with the trajectory and likelihood of the coin surging even more. The 24-hour trading volume has also soared by 865%, standing at $6.6 billion at press time.