XRP Achieves a Significant Milestone on Robinhood, Ranking Among the Top 10 Biggest Movers on the Trading Platform

XRP has continued to turn heads within the crypto market following its incredible surge over the past few days. Robinhood recently acknowledged XRP's remarkable performance

XRP has achieved a significant milestone on the popular trading platform Robinhood, ranking among the top 10 biggest movers on both the European and American arms of the platform.

This achievement showcases XRP's impressive performance over the past week, outpacing several other major cryptocurrencies and attracting the attention of traders on Robinhood.

On Robinhood Europe, XRP claimed the fifth position among the best-performing cryptos, with a weekly gain of 48.8% as of November 15, 2024. This gain notably surpassed the performance of prominent cryptos such as Cardano (ADA), Render (RENDER), Stellar (XLM), Near Protocol (NEAR), and Shiba Inu (SHIB).

During the same timeframe, these assets respectively experienced spikes of 42.3%, 34.6%, 31.4%, 31%, and 27.1%.

Meanwhile on the U.S. arm of Robinhood's platform, XRP secured the third position among the top 10 best-performing cryptos. While XRP ranked behind Dogecoin (DOGE) and Pepe (PEPE) in terms of weekly gains, it outperformed assets like ADA, XLM, SHIB, Bitcoin (BTC), Avalanche (AVAX), Litecoin (LTC), and Bitcoin Cash (BCH).

For context, prices of BTC, AVAX, LTC, and BCH soared by 17.3%, 16.5%, 16.3%, and 14% in one week, respectively.

Notably, Robinhood's highlighting of XRP's performance comes just days after the platform relisted the coin on its U.S. platform.

It may be recalled that Robinhood was among the trading platforms that delisted XRP after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that the company offered XRP as an unregistered security.

Despite a U.S. federal court labeling XRP a non-security in July 2023, Robinhood failed to relist the coin like Coinbase and Kraken did.

However, in September 2024, Robinhood quietly relisted XRP on its European arm and made the coin available to its U.S. customers earlier this week.

XRP's price has surged dramatically in recent days, closing in on the $1 psychological mark.

The coin soared to $0.9771 today, with its market cap hitting $55.63 billion.

Data from CoinMarketCap shows that XRP has witnessed a surge of 73% over the past week and 18.02% in the past day.

This surge can be attributed to several factors, including speculation of a meeting between Ripple CEO Brad Garlinghouse and U.S. President-Elect Donald Trump, as well as Gary Gensler's potential departure from the SEC.

These developments hint at a possible settlement of the Ripple lawsuit, which has impacted XRP's price since December 2020.

With investors expecting the lawsuit to be resolved under Trump's administration, XRP has seen a growing demand leading to its remarkable price surge.