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XRP Coin is now entering a sunny period. At the beginning of the year, we talked about approaching the light at the end of the tunnel. Ripple, the leading altcoin, has been fighting against the regulatory authority in the US for years. Although it missed out on the 2021 bull market, Ripple continued to grow as a company. Now there is more good news.
XRP Coin News
Last week, the court cleared the way for the sale of XRP Coin on exchanges. This also allowed projects that sell tokens through exchanges to relieve the pressure from the SEC. Now, despite other altcoins turning red, XRP Coin continues to aim for $0.8.
Liechtenstein Cryptoassets Exchange (LCX) recently announced that it will list XRP Coin. Coinbase had already announced this, and the court’s decision cleared the way for exchanges to relist.
XRP Coin Listing
With its five years of innovation, LCX is among the well-known platforms in the crypto space. The company has obtained nine regulatory licenses in accordance with blockchain laws from the Liechtenstein Financial Market Authority. Due to its plans to benefit from crypto innovation in the Liechtenstein region, the platform also receives support from the government. It may be one of the most remarkable regulated exchanges (if we consider Liechtenstein as a significant region).
LCX is a member of the World Economic Forum C4IR and is recognized as a Blockchain Pioneer by the Blockchain Research Institute. According to the recent announcement, XRP Coin will start trading on the exchange on Thursday (July 20).
According to LCX, XRP is a cryptocurrency token primarily used to transfer funds quickly and at a low cost across borders. It serves as a bridge currency that offers a cost-effective way for financial institutions to exchange both crypto and fiat currencies.
The Future of XRP Coin
The first stage is complete. With the court now publishing the summary judgment, Ripple’s management has gained strength. Now, three dates will be set for settlement conferences. The actions taken by the parties in the coming days (or waiting for the final decision) can affect the price. XRP Coin will continue to be traded on exchanges with the latest court decision. This frees it from its precarious position and opens the way for it to be relisted by platforms serving the US jurisdiction.
The second, less noticed, important detail is that Ripple has made agreements with many central banks during the lawsuit process. The implementation of pilot programs and Ripple receiving more headlines can further increase the price of XRP Coin in the coming years.
Finally, there has been ongoing discussion about smart contract capabilities for XRPL for months. If a significant step is taken in this direction, a real ecosystem will be built for XRP Coin, and the utility of the token will increase exponentially. This could naturally lead to an increase in its price, allowing it to compete with Ethereum.
