XRP Surges 40% as Exchanges Begin Relisting
Cryptocurrency exchanges are responding to growing market demand for XRP, with prices rising sharply after relisting announcements. Over the past 48 hours, XRP has surged by 40%, driven by renewed investor confidence and platform support.
Key Highlights
- Phemex relists XRP after 74% of surveyed users voted in favor.
- Market optimism grows as exchanges signal compliance with SEC guidelines.
- Technical indicators suggest potential short-term consolidation before further gains.
Why Exchanges Are Relisting XRP
A pivotal development in the SEC v. Ripple case clarified that exchanges relisting XRP would not violate securities laws, as only Ripple and affiliates could face allegations. This sparked widespread demand, with #RelistXRP trending on Twitter.
Singapore-based Phemex conducted a user survey, revealing overwhelming support:
- 74% of 2,500 respondents favored relisting.
CEO Jack Tao confirmed strong demand from active traders:
"Our customers have spoken loud and clear... XRP’s return was driven by outspoken public demand."
👉 Explore how exchanges are adapting to XRP demand
Price Analysis: Short-Term Pullback, Long-Term Bullish
XRP’s 40% rebound faces a key resistance level at $1.45 (61.8% Fibonacci retracement). The TD Sequential indicator signals a potential pullback, but the overall trend remains positive:
Support Levels:
- $1.40 (100 4H MA)
- $1.19 (38.2% Fibonacci)
Upside Targets:
- Break above $1.45 could propel XRP to **$1.66 or even $1.98** (April high).
FAQs
1. Why did Phemex relist XRP?
Phemex’s user survey showed 74% support for relisting, aligning with SEC clarity on trading compliance.
2. What’s driving XRP’s price surge?
Market optimism around exchange relistings and reduced regulatory uncertainty.
3. Is XRP’s uptrend sustainable?
While short-term profit-taking may occur, breaking $1.45 could confirm further gains.
👉 Stay updated on XRP market trends
Conclusion
XRP’s rebound highlights the impact of regulatory clarity and community demand. Traders should monitor key levels ($1.45 resistance, $1.40 support) for confirmation of the next major move.
For real-time insights, follow trusted exchanges and technical analysis tools.
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