The XRP Community Celebrates as Blockchain.com Adds Support for the Token
Blockchain.com, one of the oldest and most prominent crypto storage platforms, has announced that it now supports XRP. Users can store the XRP token in their Blockchain.com wallets, marking another milestone for the growing acceptance of XRP. This comes after Judge Analisa Torres ruled that XRP is not a security.
Increased Listing of XRP Following Regulatory Clarity
Previously, many exchanges distanced themselves from XRP due to Ripple’s legal battle with the SEC. However, since the court ruling in July that XRP is not a security, major exchanges like Coinbase, Kraken, Bitstamp, and Gemini have listed or relisted the token. The recent addition of XRP by Blockchain.com indicates a rising demand for the token.
XRP’s Unique Position and Potential
Analysts predict that XRP’s regulatory clarity will make it stand out in the next bull run. Its adoption is expected to increase further once Ripple’s legal battle with the SEC concludes.
The Role of the XRP Community
The XRP Army, as referred to by Galaxy Digital CEO Mike Novogratz, has played a significant role in supporting Ripple and XRP during challenging times. Pro-XRP lawyer John Deaton revealed that thousands of affidavits from XRP holders were submitted to the court and cited by Judge Torres in her ruling.
Hot Take: Blockchain.com Boosts XRP Adoption with Wallet Support
Blockchain.com’s decision to add support for XRP in their wallets is a positive development for the token’s adoption. It reflects the increasing demand for XRP and its unique position as a crypto asset with regulatory clarity. With major exchanges listing or relisting XRP, and the support of the XRP community, the future looks promising for the token in the crypto market.
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