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<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/ripple-news-xrp-market-depth-hits-12-million-despite-regulatory-challenges/">Ripple News: XRP Liquidity Soars 50% Despite Market Downturn</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ripple’s native cryptocurrency <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> is demonstrating resilience in liquidity, despite facing a turbulent market environment and regulatory uncertainty. According to the latest data from Kaiko, the token’s market depth witnessed an impressive 50% surge, reaching an average of $12 million in early September 2023.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> liquidity has improved significantly after July’s court ruling in the Ripple/SEC case. Market depth rose from an average of $8mn in June to $12mn in early September, even as XRP's price and volume has declined. <a href="https://t.co/WtWqcVhKb5">pic.twitter.com/WtWqcVhKb5</a></p>— Kaiko (@KaikoData) <a href="https://twitter.com/KaikoData/status/1703819178619154619?ref_src=twsrc%5Etfw">September 18, 2023</a>
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<p>This development comes after a significant<a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-possible-settlement-is-guaranteed-expert-weighs-in/"> legal victory for Ripple</a> in its case against the U.S. Securities and Exchange Commission (SEC). XRP experienced an immediate bump in both trade volume and price following the ruling, spiking to a yearly high of $0.9380 and a 24-hour trade volume of $10.3 billion on July 13.</p> 
<h2 class="wp-block-heading" id="h-global-exchanges-reflect-xrp-s-strength"><strong>Global Exchanges Reflect XRP’s Strength</strong></h2> 
<p>Binance and Bitstamp, among the world’s leading cryptocurrency exchanges, have recorded relatively higher market depths for XRP. Per CoinMarketCap data, Binance and Bitstamp have $2.5 million and $1 million in +2% depth, respectively. Meanwhile, the Korean crypto Exchange Upbit holds the most public XRP liquidity</p> 
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   <p lang="en" dir="ltr">Korean Exchange Upbit seems to have the most public <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> liquidity <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f0-1f1f7.png" alt="🇰🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/QomAIBIWKB">pic.twitter.com/QomAIBIWKB</a></p>— 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2694.png" alt="⚔" class="wp-smiley" style="height: 1em; max-height: 1em;"> XRP Avengers 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2694.png" alt="⚔" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@XRP_Avengers) <a href="https://twitter.com/XRP_Avengers/status/1703827017521643776?ref_src=twsrc%5Etfw">September 18, 2023</a>
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<p>XRP seems to be on a recovery path, as it currently trades above the $0.50 mark, up by 7.59% over the past week. Its stable liquidity might serve as a backbone for a sustainable price recovery in the weeks to come.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/xrp-price-at-crucial-levels-will-it-hit-1-or-fall-to-0-43/">XRP Price Prediction: Can It Reach $1? Here Are the Scenarios</a></p> 
<h2 class="wp-block-heading" id="strong-dfs-excludes-xrp-from-its-greenlist-strong"><strong>DFS excludes XRP from its Greenlist</strong></h2> 
<p>Recently, the Department of Financial Services (DFS) unexpectedly scaled down its “green list” of approved digital currencies, excluding Ripple (XRP) and Dogecoin (DOGE) from the list. However, Bitcoin, Ethereum, and the newly minted PayPal Dollar managed to hold their positions on the roster. Notably absent from both the old and new lists is the USDC stablecoin, a popular digital asset pegged to the U.S. dollar.</p> 
<h2 class="wp-block-heading" id="strong-why-liquidity-and-market-depth-matter-strong"><strong>Why Liquidity and Market Depth Matter</strong>?</h2> 
<p>Liquidity refers to how easily an asset can be bought or sold in the market without causing a drastic price change. Market depth is a critical measure of liquidity and includes all buy and sell orders of an asset on a specific trading platform or exchange.</p> 
<p>Increased market depth means higher liquidity, which is crucial for the health of any cryptocurrency market. It minimizes the risks associated with large trades that could otherwise disrupt the market and makes it harder for a single entity to manipulate prices.</p> 
<p>Also Read: <a href="https://coinpedia.org/altcoin/bitcoin-faces-outflows-while-cardano-solana-and-xrp-see-institutional-inflows/">Bitcoin Sees Outflows as Solana, Cardano, XRP Steal the Spotlight</a></p> 
<p>It needs to be noted that the XRP token’s resilience in holding its market depth above $10 million serves as a positive indicator for its long-term prospects, irrespective of short-term price fluctuations.</p>

Ripple News: XRP Liquidity Soars 50% Despite Market Downturn

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