Cryptocurrency exchange Gemini has announced support for the XRP Ledger (XRP), enabling token deposits ahead of anticipated trading. This move marks a significant milestone for XRP, which faced delistings following the SEC's lawsuit against Ripple Labs.
Key Updates
- XRP Price: $0.6294 (3.97% decline in 24 hours).
- Deposits Open: Trading to follow shortly.
Gemini’s Tweet:
"XRP is now available for deposits on Gemini. Trading support will follow soon."
Despite the listing, XRP’s price remains bearish, dropping 6% over the past week.
Why Gemini’s XRP Listing Matters
1. Post-SEC Victory Momentum
XRP was delisted after the SEC’s 2020 lawsuit alleging unregistered security sales. Ripple’s partial legal victory in 2023 spurred exchanges like Gemini to relist the token, signaling renewed institutional confidence.
2. Gemini’s Rigorous Standards
Known for strict listing criteria, Gemini’s approval underscores XRP’s compliance and market legitimacy—a win for the XRP community.
3. Liquidity and Adoption
Gemini’s global user base will enhance XRP’s liquidity, trading volume, and accessibility, bolstering Ripple’s integration into traditional finance.
👉 Explore XRP’s potential on Gemini
FAQ
Q: When will XRP trading start on Gemini?
A: The exchange confirmed trading will begin "soon" after deposits.
Q: Why did XRP price drop despite the listing?
A: Market trends and profit-taking after Ripple’s legal win likely contributed.
Q: Is Gemini’s XRP listing available worldwide?
A: Yes, except in jurisdictions where XRP remains restricted.
Q: How does Gemini’s listing benefit XRP holders?
A: Increased liquidity, credibility, and exposure to institutional investors.
👉 Stay updated on XRP developments
Keywords: XRP, Gemini listing, Ripple SEC case, cryptocurrency deposits, XRP Ledger, crypto exchange, XRP price
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