The digital asset XRP has surged by an impressive 73% in a single day, reclaiming its place among the top-tier cryptocurrencies. This rally propelled XRP past Binance Coin (BNB) in market capitalization, reaching approximately $43.9 billion**, with 24-hour trading volume exceeding **$9.1 billion. The dramatic price movement followed major announcements from two of the world’s most trusted crypto exchanges: Coinbase and Kraken—both revealed they are relisting XRP for trading.
This resurgence marks a pivotal moment for Ripple’s native token, which had faced years of regulatory uncertainty in the United States due to an ongoing legal battle with the Securities and Exchange Commission (SEC).
Coinbase and Kraken Restore XRP Trading
On Thursday, Coinbase, the largest cryptocurrency exchange in the U.S., officially announced via Twitter that it would relist XRP. The exchange had previously removed XRP from its platform in January 2021, shortly after the SEC filed a lawsuit against Ripple Labs, alleging unregistered securities offerings.
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Coinbase confirmed that XRP trading would resume “later today,” contingent upon favorable liquidity conditions. The exchange emphasized that XRP transfers will remain supported in regions where regulatory frameworks allow trading, signaling cautious but growing confidence in XRP’s legal standing.
Shortly after, Kraken joined the momentum by announcing that XRP trading is now live for its U.S.-based customers. This dual relisting represents a powerful vote of confidence from two industry leaders, reinforcing market sentiment that XRP is emerging from its regulatory shadow.
Initially, both platforms are offering key trading pairs including XRP/USD, XRP/USDT, and XRP/EUR. However, availability may vary depending on regional compliance requirements, reflecting the nuanced global regulatory landscape surrounding digital assets.
A Legal Turning Point for XRP
The catalyst behind these exchange decisions lies in a landmark court ruling in the long-running Ripple vs. SEC case. In a nuanced verdict, Judge Analisa Torres determined that while certain institutional sales of XRP by Ripple constituted securities offerings, not all XRP transactions fall under securities law.
This distinction was critical. It effectively decoupled the token itself from being classified as a security, opening the door for exchanges to reconsider its listing status.
Stuart Alderoty, General Counsel at Ripple, hailed the decision as a “huge win” for the company and the broader crypto industry. He underscored that according to the ruling, XRP is not a security, nor are secondary market trades on exchanges subject to securities regulations.
“This judgment affirms so much of what this industry is fighting for,” Alderoty stated, emphasizing years of legal effort to establish clearer regulatory boundaries. He criticized the SEC’s expansive interpretation of its authority, suggesting this case could pave the way for more balanced and rational crypto regulation in the U.S.
While the legal process isn’t fully concluded—Ripple still faces trial on other aspects of the case—the partial victory has already reshaped market dynamics.
Why This Matters for the Crypto Market
The relisting of XRP on major platforms like Coinbase and Kraken is more than just a symbolic gesture—it reflects a shift in institutional sentiment toward digital assets amid evolving regulatory clarity.
For investors, it signals that well-established projects with strong legal defenses can survive and even thrive despite regulatory headwinds. For exchanges, it demonstrates growing willingness to re-engage with assets once deemed too risky—provided there’s sufficient legal precedent.
Moreover, surpassing BNB in market cap—even temporarily—highlights the intense demand for XRP when accessibility improves. With renewed exchange support, retail and institutional participation is likely to increase further.
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Frequently Asked Questions (FAQ)
Why did Coinbase delist XRP in 2021?
Coinbase removed XRP from its platform following the SEC's lawsuit against Ripple Labs, which alleged that XRP was an unregistered security. Due to compliance risks, many U.S.-based exchanges paused XRP trading until there was clearer regulatory guidance.
Does the court ruling mean XRP is completely legal now?
Not entirely. The ruling clarified that while programmatic and retail sales of XRP are not securities, institutional sales conducted by Ripple were deemed to be so. This partial decision allows exchanges to resume trading under defined conditions.
Can all U.S. users trade XRP on Kraken and Coinbase?
Yes, Kraken has confirmed XRP trading is live for U.S. customers. Coinbase plans to restart trading shortly, depending on liquidity. However, some features or services may be restricted based on state-level regulations.
What impact does relisting have on XRP’s price?
Relisting increases accessibility, boosting liquidity and investor confidence. Historical data shows that when major exchanges add or restore support for a token, it often triggers significant price appreciation due to increased buying pressure.
Could other exchanges follow suit?
Absolutely. With Coinbase and Kraken leading the way, platforms like Bittrex, Gemini, or even Robinhood may reassess their stance on XRP. Regulatory clarity reduces compliance risk, making relisting more feasible.
Is XRP now considered safe for long-term investment?
While risks remain—especially around future SEC actions—the recent developments suggest improved stability. Investors should still conduct due diligence and consider diversification strategies when allocating funds to any cryptocurrency.
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Final Thoughts
The dramatic 73% surge in XRP’s value following its relisting on Coinbase and Kraken underscores a broader trend: regulatory clarity fuels market recovery. After years of uncertainty, Ripple’s partial legal victory has not only restored credibility to XRP but also reignited interest across the crypto ecosystem.
As more exchanges evaluate relisting decisions and users regain access to one of the most widely held altcoins, the path forward looks increasingly promising. While challenges remain, especially in shaping comprehensive federal crypto policy, this moment stands as a turning point—not just for Ripple, but for digital asset innovation in America.
With renewed momentum and growing institutional support, XRP’s journey from controversy to comeback may just be beginning.