As November draws to a close, XRP and Solana (SOL) have received a significant boost with the announcement of their listing on a major exchange. Crypto.com, one of the largest exchanges, revealed that euro pairs for both assets are now available on their platform, paving the way for users in the European Union to embrace these pairs.
This move comes at a crucial time as both XRP and SOL need a last-minute push towards a positive end to November. At the time of writing, XRP is trading at $0.6032, down 2.17% in the past 24 hours. On the other hand, Solana is trading at $59.63, down 2.50% during the same time period.
One of the key factors contributing to the recent downturn for both digital currencies is a decrease in trading volume. SOL’s volume has dropped by 13.30% to $1,603,641,693, while XRP’s volume has decreased by 1.89% to $1,037,072,230. With this trend, the listing on Crypto.com may help increase momentum and facilitate the flow of new liquidity from the European Union region.
This expanded access will complement the popularity of XRP, making it an ideal gift for the XRP and SOL communities. With prices reaching their highest levels in the past two quarters, one crucial trend brought by the Crypto.com listing is the potential to tap into a new market, Europe.
It is worth noting that XRP/EUR and SOL/EUR trading pairs have not yet garnered the same level of volume on Crypto.com as expected. However, there is a high level of optimism that they will eventually rise to the ranks alongside Bitcoin (BTC) and Ethereum (ETH), the other two assets with euro pairs on the cryptocurrency exchange.
With the listing, we may see a positive and exciting daily close for both XRP and SOL, further solidifying the impressive trend they have exhibited so far this month.
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