Altcoin News

XRP Price Jumps 3% As Coinbase Restores XRP Trading In New York

Coinbase announces the reinstatement of XRP trading for New York residents and this move has thereby led to a sharp price jump for XRP.
Published by
XRP Price Jumps 3% As Coinbase Restores XRP Trading In New York

Highlights

  • Coinbase reopens XRP trading for New York residents, marking a significant victory for Ripple amidst regulatory uncertainty.
  • The move follows years of legal battles between Ripple and the SEC, reflecting Coinbase's commitment to navigating complex regulatory landscapes.
  • Anticipation builds as stakeholders await a resolution to Ripple's legal conflict, with potential implications for XRP's regulatory status and market value.

In a significant development for the cryptocurrency community, Coinbase has announced that XRP is now open for trading to New York residents on coinbase.com and through the Coinbase iOS and Android apps. This announcement marks a major milestone for both Coinbase and XRP enthusiasts, signaling a resurgence in trading accessibility for one of the market’s prominent digital assets. Sequel to the news, the XRP price jumped over 3% within an hour and hit a 24-hour high of $0.5392.

Advertisement

Navigating Regulatory Uncertainty: A Triumph for Coinbase and XRP

Amidst the backdrop of regulatory uncertainty surrounding the digital asset industry in the United States, Coinbase’s decision to list XRP trading in New York again underscores the company’s commitment to navigating complex regulatory landscapes. The move comes after years of unclear regulations and regulatory actions, particularly notable in the case of Ripple, the company behind XRP.

Ripple has been embroiled in a protracted legal battle with the US Securities and Exchange Commission (SEC), raising questions about the regulatory status of XRP and its impact on the broader cryptocurrency market. However, Coinbase’s decision to reintroduce XRP trading in New York represents a significant step forward, providing users with renewed access to a popular digital asset amid ongoing regulatory challenges.

Also Read: Global Bitcoin ETF Close To Stacking 1M BTC, Bullish For BTC Price?

Advertisement

Anticipation Builds as Legal Conflict Nears Conclusion

As Coinbase reopens XRP trading in New York, anticipation mounts for a resolution to Ripple’s legal conflict with the SEC. With both parties nearing the conclusion of final filings, investors and industry observers eagerly await a judgment that could have far-reaching implications for XRP’s future.

The resolution of the legal dispute is expected to provide clarity on XRP’s regulatory status and could potentially catalyze a significant uptick in its value. As stakeholders await the final outcome, the reintroduction of XRP trading on Coinbase in New York serves as a testament to the resilience of the cryptocurrency market and its ability to adapt to evolving regulatory landscapes.

XRP price is $0.5352 today with a 24-hour trading volume of $1,439,575,221.18. This represents a 0.59% price increase in the last 24 hours and a 3.64%price increase in the past 7 days. With a circulating supply of 55 Billion XRP, XRP is valued at a market cap of $29,279,423,909.

Also Read: Toncoin Price Soars 3% Amid Telegram’s New Currency Announcement, Here’s All

Advertisement
Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”

Crypto market analyst Adam Livingston has sharply criticized S&P Global Ratings after the agency assigned…

October 28, 2025
  • News

Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain

In a fresh development, a newly registered claim domain has led to speculations that the…

October 27, 2025
  • News

$2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments

Citigroup, a top U.S. bank with $2.5 trillion asset under management has partnered with Coinbase.…

October 27, 2025
  • News

Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates

U.S. Treasury Secretary Scott Bessent has confirmed the final shortlist of contenders to replace Jerome…

October 27, 2025
  • News

Mt. Gox Delays Repayments to 2026 as Trump-Backed American Bitcoin Adds 1,414 BTC

Mt. Gox has once again pushed back its long-awaited Bitcoin (BTC) creditor repayments by a…

October 27, 2025
  • News

Crypto ETFs Attract $1B in Fresh Capital Ahead of Expected Fed Rate Cut This Week

Crypto ETFs record nearly $1 billion in weekly inflows. This marks one of the strongest…

October 27, 2025