XRP, Solana, and Cardano Listed on Robinhood —Prices Skyrocket Amid Rising Market Optimism – CryptoMode

Robinhood has recently expanded its cryptocurrency offerings by adding XRP, Solana (SOL), Cardano (ADA), and Pepe (PEPE) to its platform, bringing the total number of digital assets available to U.S. users to 19. 

The announcement follows the recent elections, indicating a potentially favorable regulatory shift for the crypto sector.

Good morning. I’d just say morning, but we offer $SOL, $PEPE, $XRP, and $ADA now.

— Robinhood (@RobinhoodApp) November 13, 2024

According to Johann Kerbrat, vice president and general manager of Robinhood Crypto, this move aligns with customer requests for more digital asset options on the platform.

We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering, Kerbrat stated.

XRP, SOL, ADA on the Rise

Naturally, this addition could be considered a sign of positive market sentiment regarding crypto regulations now that Donald Trump has won the US elections on Nov. 5. Prior to this, Robinhood had suspended support for several tokens, including the ones mentioned above. 

SOL, ADA, and XRP have suffered a lot of regulatory struggles following an SEC lawsuit against Binance and Coinbase that categorized these assets as securities. 

Following the news, these three coins surged dramatically. XRP saw gains of over 30.8% in the week, currently priced at $0.71

Its surge is partly fueled by new integrations and developments taking place in Ripple and its decentralized ecosystem. For instance, CryptoMode recently reported how Girin Labs, a Web3 platform in the XRP Ledger (XRPL), announced a partnership with Axelar’s Mobius Development Stack (MDS) to enhance its cross-chain capabilities. 

The collaboration will allow developers to build scalable cross-chain applications, leveraging Axelar’s open tools and protocols to facilitate seamless interactions across different blockchain networks.

Cardano is another busy network lately. The ADA price, however, has fluctuated dramatically in the last 24 hours, currently down 8.3% at $0.5477. SOL has also suffered lighter fluctuations, down 3.0% but up a whopping 38.3% in the last 30 days (it’s also up 275% on the yearly scale). 

Meanwhile, PEPE continues to rise in the daily chart, currently at $0.00002078, a 6.6% increase.