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XRP Debuts on New Exchange After Massive Price Drop

Tue, 09/12/2023 - 08:18
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Alex Dovbnya
XRP — cryptocurrency closely tied to Ripple — has found new home for trading on
XRP Debuts on New Exchange After Massive Price Drop
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XRP, the cryptocurrency associated with Ripple, has been listed on, a rebranded version of the Proton DEX exchange.

This comes after XRP recently experienced a significant price drop. Despite this downtrend, the listing indicates a level of market confidence in XRP's potential and offers a new trading avenue for existing and potential investors.

Embracing XRP represents a substantial evolution from its previous incarnation, Proton DEX, not merely functioning as a decentralized exchange but aspiring to be a full-fledged financial ecosystem.

The platform boasts an array of features designed to bridge the divide between security and accessibility, including zero gas fees, instant transactions and robust on-chain identity verification.

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XRP's listing on enables users to engage in decentralized trading with a fully decentralized order book, OTC trades powered by smart contracts and streaming payments to settle transactions over time.

XRP's price woes

XRP's price has recently retraced the gains it made following the SEC v. Ripple case, currently hovering at $0.47, with a market cap of $25.1 billion.

Financial analysts like Benjamin Cowen note that "narratives do not drive the market, liquidity does."

After initially spiking to above $0.80 in July — thanks to being relisted on major exchanges like Coinbase — the cryptocurrency has struggled to maintain its upward trajectory.

However, its 24-hour trading volume of over $1.15 billion suggests that there remains a considerable level of interest in XRP despite its recent setbacks.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at