Following the delisting of XRP from some crypto exchanges, ongoing campaigns, agitations and recent developments suggest the digital asset could be getting relisted in the near future.
The Cryptocurrency was delisted from some exchanges amid a legal battle between its parent company Ripple and the U.S. Securities and Exchange Commission, SEC—an independent government agency responsible for regulating securities and protecting investors.
Consequently, proponents of XRP, nicknamed “XRP Army”, have started a movement, pressuring exchanges to relist the Cryptocurrency with the hashtag “#RelistXRP” trending in several countries on Twitter.
The degree of publicity this movement has gained in the past few days with thousands of accounts supporting it goes to show the level of growing demand the asset is getting in recent times.
This interest [and subsequent demand] could in turn positively affect the value of the digital asset—an occurrence that would further potentially influence demand for the asset.
Regardless of the litigation against Ripple and the heat on XRP, the Cryptocurrency has stood tall in recent times, gaining value over the past week. This looks promising for an asset going through such challenging times.
XRPUSD Chart By TradingViewAdditionally, just last week, reports of growing interests in XRP reached cyberspace, with the crypto asset surging by 9% notwithstanding its legal tussle with the SEC.
Recent reports also reveal business executive and founder of Ripple Labs, Chris Larsen has initiated moves with Bradley Garlinghouse—CEO of Ripple Labs—in an attempt to dismiss the lawsuit filed against the company.
Story continues on Zycrypto