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Arkham Exchange, a well-known cryptocurrency exchange platform, recently made an announcement on their X platform stating that they are listing Ripple’s XRP on both Spot and Perpetual trading pairs. The trading is set to go live today, December 13, at 12:00 PM EST. This XRP listing, according to the community members, will lead to a significant price surge for the XRP token.
ANNOUNCING NEW EXCHANGE LISTING: XRP
XRP will be added to the Arkham Exchange, for both spot and perpetual pairs.
Trading will go live at 12pm EST today. pic.twitter.com/8Bjtw1Lf7a
— Arkham (@arkham) December 13, 2024
XRP Price Affected by Major Listing and Market Dynamics
Historical data suggests a positive price surge is usually observed after major exchange listing or after change in market dynamics. For example, back in September 2024, Robinhood relisted XRP following Ripple’s legal clarity with the SEC. This caused a significant surge in the price of the token. The token’s weekly gains reached up to 48.8% during that period.
Moreover, recently, before the RLUSD approval from New York Department of Financial Services, the XRP token was trading at approximately $2.00, following the announcement, the price of the token surged and reached the $2.40 mark. These two examples indicate the price surge of the token due to major listing or through change in the market dynamic is imminent.
Ripple’s XRP on Arkham Exchange
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This time around, with XRP being listed on Arkham exchange, the community expects the same price surge as the token experienced during its relisting on Robinhood. The Perpetual pairs is expected to attract both retail and institutional investors, likely increasing the trading volume.
At press time, the Ripple’s native cryptocurrency token stands at $2.40, and according to analysts, the token can surge and break the $3.00 mark post Arkham listing.
This listing indicates Arkham’s commitment in providing access to high-demand assets and highlights token’s growing importance in the crypto market.