<ul><li>After a New York ruling, XRP Ripple trading surged in major U.S. exchanges.</li><li>XRP&#39;s price hit 15-month highs, but trading activity shows market caution.</li><li>Experts stress the need for blockchain regulations and its financial potential.</li></ul>In a recent development, XRP Ripple experienced a surge in market depth following a New York federal court ruling. The 4% market depth in major pairs for XRP saw an increase of $3.8M, while the 20% market depth shot up by $11.5M. The substantial boost came after Americans were given the green light to trade XRP on prominent exchanges, including Kraken, Crypto.com, Coinbase, and Bitstamp, within a day of the ruling.Efficient Frontier, an algorithmic market maker, shared Kaiko’s latest analysis of  XRP:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/409b7c15c50c491c9233a94c8af20a25.png" />However, these liquidity upticks appear modest when juxtaposed with XRP&#39;s towering $41B market cap. KaikoData&#39;s latest analysis revealed that despite XRP&#39;s price soaring to 15-month highs, the global trading activity seems reserved, peaking at only 10-month highs. This indicates a restrained response from the worldwide trading community even after the favorable ruling.The court&#39;s verdict on July 13 <a href="https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/" rel="noopener noreferrer nofollow">decreed</a> that XRP sales amounting to $729 million to institutional investors were deemed illegal securities sales. However, the ruling also clarified that XRP tokens traded on crypto exchanges faced no such constraints.Read full article at <a href="https://cryptotale.org/xrp-ripple-court-ruling-boosts-liquidity-amidst-market-uncertainties/" rel="noopener noreferrer nofollow">CryptoTale.</a>

XRP Ripple Court Ruling Boosts Liquidity Amidst Market Uncertainties

CryptoTale

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