XRP Price On The Crosshair As Trading Begins On US-Backed Exchange

200% up to $10,000 Crypto VIP Bonus. High Bet Limits, Instant Withdrawals!
PLAY NOW!
Bitcoin News
Breaking News: BREAKING: Bitcoin Hits New All-Time High, Surging Past $70,000 For The First Time In History
XRP
XRP Price On The Crosshair As Trading Begins On US-Backed Exchange
Christian Encila by Christian Encila March 19, 2024



XRP has been listed on Atlantis Exchange, a platform registered with the U.S. Department of the Treasury. This development comes at a time of regulatory uncertainty surrounding cryptocurrencies, with potential implications for market dynamics and investor sentiment.

Related Reading: Forget Dogecoin, Shiba Inu Set To Become The Top Dog: Expert Predicts $100 Billion Market Cap
XRP Trading On Atlantis Exchange
Atlantis Exchange announced the inclusion of XRP among its supported cryptocurrencies, with trading commencing on March 17 at 5:00 AM UTC. Users can trade the altcoin with the USDB trading pair, offering increased liquidity and accessibility for traders.

Despite the listing, the platform currently supports XRP deposits via BNB Chain (BEP20), indicating that integration with the XRP Ledger (XRPL) has yet to be implemented. While deposits have been accepted since March 13, withdrawal options will be available from March 20.

No KYC Casino and Sportsbook with up to 300% match bonus + 175 Free Spins, and Wager Free Cashback. Play now at ROLR.IO!

However, concerns have been raised regarding the reliability of Atlantis Exchange, with accusations of scams and difficulties in withdrawing tokens, prompting caution among XRP investors.

Legal Status Of XRP
Recent legal developments regarding XRP’s status as a non-security provide context for its listing on Atlantis Exchange. Following a court ruling against the SEC and recognition by the European Corporate Governance Institute, XRP has gained regulatory clarity, distinguishing it from other cryptocurrencies entangled in legal battles. This clarity may bolster investor confidence in XRP and contribute to its wider adoption in the cryptocurrency market.

Regulatory Challenges For Cryptocurrencies
Beyond XRP, the broader cryptocurrency market faces regulatory challenges, with allegations surfacing about US President Joe Biden’s purported plans to regulate or “destroy” crypto in the United States.

570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Proposed measures, including a 30% excise tax on digital mining, have raised concerns among industry experts about their potential impact on the sector and investor value. Such regulatory uncertainty underscores the need for caution and vigilance among cryptocurrency stakeholders.



Bitcoin is now trading at $67.708. Chart: TradingView
Expert Opinions And Market Outlook
Experts in the cryptocurrency sector have weighed in on the regulatory landscape, expressing apprehension about the potential consequences of proposed regulatory measures.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Taras Kulyk, the chief executive of mining hardware company SunnySide Digital, warns that implementing a blanket tax on digital mining could “kill the sector” and wipe out billions of dollars of investor value in the U.S. These concerns highlight the delicate balance between regulatory oversight and fostering innovation within the cryptocurrency industry.

Related Reading: Shiba Inu Price Soars 10% In Reaction To Explosive 2,367% SHIB Burn Surge
The listing of XRP on Atlantis Exchange represents a significant milestone for the cryptocurrency community, offering increased trading opportunities and liquidity for XRP investors. However, concerns about the reliability of Atlantis Exchange and regulatory uncertainty in the broader cryptocurrency market warrant caution among stakeholders.

Market Performance Of XRP
At the time of reporting, data from Coingecko revealed that XRP was trading at $0.60, indicating a decline of 2.6% and 4.2% in the daily and weekly timeframes, respectively. Despite the news of XRP securing a listing on Atlantis Exchange, the altcoin’s price failed to experience a significant uptick, suggesting that the listing announcement had minimal immediate impact on market sentiment.

The lackluster response of XRP’s price to the listing on Atlantis Exchange may be attributed to various factors, including broader market trends, investor sentiment, and regulatory uncertainties.

While the listing on a reputable exchange like Atlantis Exchange could potentially increase liquidity and accessibility for XRP traders, it appears that other market forces may be exerting stronger influence on XRP’s price trajectory.

Featured image from Pexels, chart from TradingView

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Tags: altcoinAtlantis Exchangemarket analysisRipplexrp


Christian Encila
Christian Encila
Christian is a journalist, editor and a former layout design consultant. Alongside his passion for writing, he is an avid fan of cryptocurrency and works tirelessly throughout the week. When he's not on his computer, you can find him tinkering with his old motorbike as a grease monkey, or lounging on the patio hammock while pondering about artificial intelligence and whether he'll ever understand his cat's thoughts and calmness.

Related Posts
Bitcoin price
Top Reasons Why The Bitcoin Price Crashed Below $63,000
March 19, 2024
BONE
Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target In Sight
March 19, 2024
Bitcoin Japan Pension Fund
Japan’s $1.5 Trillion Pension Fund To Assess Bitcoin For Diversification
March 19, 2024
Ripple (XRP)
XRP Price Prediction: Can Bulls Defend This Key Support?
March 19, 2024
Ether.fi
Ether.fi $210M Airdrop Sparks Market Turbulence, ETHFI Value Drops By 35%
March 19, 2024
XRP price
Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern
March 19, 2024
Premium Partners










Top Casinos
SirWin
SirWin
Review · Visit
BitStarz
BitStarz
Review · Visit
Trust Dice
Trust Dice
Review · Visit
Marsbet
Marsbet
Review · Visit
mBit
mBit
Review · Visit
Inmerion
Inmerion
Review · Visit



Press Releases
Investing Insights: Top 3 Altcoins to Buy – Bitgert...
2 hours ago
China Could Push $BTC Price to $1 Million by 2028; $GFOX...
3 hours ago
Rebel Satoshi’s $RECQ Investors Set Sight On Profitable...
3 hours ago
Polygon’s Price Prediction Rally: A 450% Increase But...
4 hours ago
New Dog Coin Poodl Inu is Gaining Momentum Over Pepe –...
6 hours ago


About Us
NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer
The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Cryptocurrency news
Bitcoin
Ethereum
Ripple
Chainlink
Cardano
EOS
Tezos
Technical Analysis
Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Chainlink (LINK)
Cardano (ADA)
Tezos (XTZ)
Company
Advertising
Comments Policy
Privacy Center
Disclaimer
Sitemap
About Us
Contact

© 2024 NewsBTC. All Rights Reserved.

News
Analysis
Learn
Directory
Casinos
Play Games
Private Casino
Predict BTC price
Huge Win
Crypto Casino
ADVERTISE
© 2024 NewsBTC. All Rights Reserved.