XRP made another appearance on BitBuy, one of Canada’s leading trading platforms. This move marks the second time a previously deleted XRP has been restored, as anticipation continues to mount over the imminent resolution of Ripple’s legal dispute with the US Securities and Exchange Commission (SEC).
From deletion to re-listing: a smooth transition
BitBuy decided to remove XRP from its platform more than two years ago, a move that came with an official announcement. However, the recent decision to reintroduce XRP was made without fanfare. Not until Mason Versluis, a well-known member of the XRP community, joined Twitterthat the renewed offer caught everyone’s attention.
On closer inspection, the BitBuy mobile app now confirms that it supports XRP again, with all trading features restored. To further reinforce this decision, BitBuy recently made revisions to its official Crypto Assets Statement.
XRP’s current market position
At the time of writing, the value of XRP is at $0.47. The digital currency attempted to break the $0.48 20-day EMA on July 11, but was held back by bearish investors.
The bulls must overcome resistance at the 20-day EMA and the $0.49 50-day SMA to regain control. If XRP is successful, it could gain momentum, allowing the value to rise to $0.55 and possibly even reach $0.58.
However, if the current value falls sharply, XRP could test strong support at $0.5, a level it has held twice before. The bulls are expected to put up a strong defense here, but if they fail, XRP could tumble further to a value of $0.43.
Now that BitBuy has restored XRP trading, the Ripple digital currency continues its comeback journey. As we continue to anticipate the outcome of the legal feud between Ripple and SEC, the recovery of XRP trading on prominent platforms like BitBuy is seen as a positive sign by the XRP community.