"Hmmm but don't you think the XRP hype is about to fade?"
After three years, the Gemini cryptocurrency exchange that supports XRP Ledger (XRPL) has finally relisted Ripple (XRP) and several trading pairs such as USD, GBP and EUR.
However, the price of XRP unfortunately did not react as the relisting excitement subsided in July 2023 when US-based Coinbase and Kraken included XRP in its platform.
In addition to announcing that Gemini's mobile application and website have supported XRP trading for USD, GBP, EUR, CAD, HKD and AUD pairs, the token is not only available for deposit but can also be stored in the Gemini wallet but is not yet available in Gemini Custody.
Following support for XRPL, Gemini is now a platform that has 14 blockchain networks, among which are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) and Litecoin (LTC).
XRP, which has a range of products in the crypto-solutions business, can reduce the cost and time taken for cross-border transactions, including the remittance of temporary tokens as a bridge currency.
It is well known that XRP has been used to settle transactions in various fiat currencies for financial institutions.
Pleased to be informed that the relisting of XRP by a US-based crypto exchange is able to give the digital asset another chance to further expand its services globally.
As of this writing, the price of XRP has plunged by 0.82% to $0.63 in the last 24 hours with a market cap of $33 billion and has recorded a 4.45% decline over the past week.
