Rumors about XRP being listed on Ripple in 2023 have been ongoing throughout the year and big movements of XRP are happening leaving people thinking that seeding Robinhood could be happening for the listing. The main question is will being listed on Robinhood increase the price of XRP or will it only lead to a decrease? It seems likely that XRP listing on Robinhood will have a positive short term increase in the price.
Cryptocurrency
3 Comments
I'm new to crypto!. How can I make more profitable investment in crypto without incurring much losses?
I think it would have a mild to moderate increase in demand. Robinhood has a lot of users, but most people on RH are not rich, they're regular people trying to figure out investing for the first time. Also, RH is not an a utility in and of itself so it is not enough to provide sustained exponential growth.
Good for XRP? Yes. Enough to make it moon? No.
Thanks 🙏🏼