XRP Defies SEC Headwinds
Investor interest in XRP has increased as the deadline for the decision in Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) draws near.
Market participants are eagerly awaiting the judge’s decision, which could have significant effects on the digital asset and its community, after recent noteworthy developments in the legal dispute.
Notably, XRP came in third place behind Bitcoin (BTC) and Ethereum (ETH) in terms of trading volume and market depth in Q2 2023. According to a new blog post published on June 29 by digital asset market data firm Kaiko, the increase comes as investors take positions to position themselves for the court decision.
XRP also had the third-best liquidity score – a metric used by Kaiko which combines two key liquidity metrics, volume, and market depth.
In line with its trading volume growth, XRP also witnessed a notable increase in the number of active XRP addresses in recent days, according to Santiment data.
(With inputs from Shikha Singh)
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