The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet.
Ripple announced the recent ruling has pushed it to shift its approach to XRP market transparency, particularly on the escrow holdings.
Using Liquidity Strength as a key metric, the expert provided a detailed breakdown of her calculations before coming to her prediction.
Among the issues that Netting Manager aims to address are lack of transparency due to lack of centralization, payment date uncertainty, and unnecessary FX conversion and transaction costs.
According to Alderoty, Ripple will handle any appeal the SEC decides to initiate even though he is confident in the judge’s previous ruling.
Despite the recent SEC vs Ripple summary judgment that largely ruled that XRP is not a security, the SEC has shown intentions to appeal its case in the 2nd Circuit.
Despite the surge in the crypto market, Ripple’s legal victory does not guarantee smooth sailing for XRP or the broader altcoin sector.
Elon Musk announces changing Twitter’s logo to an ‘X’, sparking excitement and support from the XRP community.
The recent court ruling in the Ripple Labs and SEC case has prompted Bank of America to reiterate its differentiation between the trading of blockchain-native crypto tokens and tokenized traditional assets.
The Ripple CEO demanded clear regulatory rules for the crypto industry stating that the SEC shouldn’t undertake the approach of regulation through enforcement.
Open interest on XRP futures has set a new record over $1.1 billion as the community continues to celebrate Ripple’s win against the SEC.
Several top Wall Street firms stated that Coinbase is likely to benefit the most from the improved confidence and regulatory clarity coming from the XRP ruling.
The XRP price surge to its highest in 15 months while the trading volumes also shot up to a 10-month high following a favorable ruling in the SEC lawsuit.
Gensler sees the court’s ruling as disappointing as the Commission partially lost its case against Ripple last week.
Ripple hopes that many US banks and financial institutions will approach the company this quarter.