XRP, which once ranked as the third or even the second largest cryptocurrency, was hit hard by the securities lawsuit filed.
The biggest reason for this blow taken by XRP is the big crypto money exchanges. XRPHe had delisted. Especially after the long-awaited listing of Coinbase, the delisting of Coinbase caused the XRP price to fall. for $0.17 pulled up. Now is CoinbaseHopes of being relisted in .
Although Binance, the world’s largest cryptocurrency exchange by trade volume, did not delist XRP, its US subsidiary Binance US was one of the platforms that did this.
Binance has recently taken a very positive step. of XRP Ethereum Wrapped XRP (wXRP), its version on the web, is listed by Binance. At first glance, this listing of Binance seems to have opened the door to the DeFi world for XRP. In the background, XRP is likely to take a much more optimistic path.
XRP’s Return Could Happen with Coinbase
Many users currently see the listing of wXRP as a precursor to the re-listing of XRP on exchanges like Coinbase.
One of the leading names in the XRP ecosystem The Maestro, In a statement on the subject, Coinbase ERC-20 He stated that it is a focused exchange and that it can actually bring listing. Since XRP and wXRP will be indexed to each other at a ratio of 1:1, listing wXRP will actually be listing XRP.
1) My take on $wXRP: At first glance, it sounds silly. I saw a comment “Why would anyone want to use $XRP as an ERC-20?” While I do agree, I also think this could make for some interesting events. @Coinbase is erc-20 centric, thus I could see them listing the asset.
— The Maestro 🖥⛓🪙 (@LeftyChris13) January 17, 2022
Although this is seen as a rumor yet, rumors in the crypto money industry bring demands and demands bring facts.