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✅Crypto Liquidity and Volume Rankings See Big Improvements for XRP
Ripple Crypto Liquidity Moves and Shakeups
The analytics firm noted that the US regulatory crackdown had altered the listings, with some assets losing volume and liquidity.
The Kaiko ranking system compares each asset’s liquidity ranking to its market cap. It also investigates which token’s market cap is the most misleading from a liquidity standpoint.
In terms of volumes, Ripple crypto liquidity for its XRP asset has climbed two places from the previous quarter to the third spot in the rankings. This is due to investors positioning themselves for the ruling in the SEC versus Ripple court case that is expected imminently, it explained.
Furthermore, XRP has seen huge volumes on Korean exchanges.
The research also noted that the native token for the layer-2 rollup Arbitrum (ARB) ranks sixth in volumes and is ahead of several layer-1 tokens. ARB’s high ranking is notable as it was a new entry to the liquidity ranking this quarter, it added.
Tokens that have improved in liquidity rankings include Avalanche (AVAX), Solana (SOL), and privacy coin Monero (XMR).
Those that have declined in liquidity rankings include Cosmos (ATOM), Filecoin (FIL), and Polygon (MATIC). These three have been impacted by SEC allegations that they are securities.
Find out how to recognize chart trading patters with our guides: A Guide to Bullish Candlestick Patterns in Technical Analysis.
The native token of the Aptos blockchain network, APT, has liquidity that far exceeds its market cap, it reported.
Additionally, LEO, TON, TRX, and OXB have performed poorly, with no improvement in liquidity from the previous quarter.
XRP Price Outlook
Ripple’s native token has retreated slightly on the day in a fall to $0.471 at the time of writing.
XRP has been flat for the past week after failing to reach $0.50 earlier this month.
XRP has been sideways since mid-March like a coiled snake waiting to jump on the outcome of the SEC case.
Which way it goes will depend on the judge presiding over it.
Return to Updates
Ripple Crypto Liquidity Moves and Shakeups
The analytics firm noted that the US regulatory crackdown had altered the listings, with some assets losing volume and liquidity.
The Kaiko ranking system compares each asset’s liquidity ranking to its market cap. It also investigates which token’s market cap is the most misleading from a liquidity standpoint.
In terms of volumes, Ripple crypto liquidity for its XRP asset has climbed two places from the previous quarter to the third spot in the rankings. This is due to investors positioning themselves for the ruling in the SEC versus Ripple court case that is expected imminently, it explained.
Furthermore, XRP has seen huge volumes on Korean exchanges.
The research also noted that the native token for the layer-2 rollup Arbitrum (ARB) ranks sixth in volumes and is ahead of several layer-1 tokens. ARB’s high ranking is notable as it was a new entry to the liquidity ranking this quarter, it added.
Tokens that have improved in liquidity rankings include Avalanche (AVAX), Solana (SOL), and privacy coin Monero (XMR).
Those that have declined in liquidity rankings include Cosmos (ATOM), Filecoin (FIL), and Polygon (MATIC). These three have been impacted by SEC allegations that they are securities.
Find out how to recognize chart trading patters with our guides: A Guide to Bullish Candlestick Patterns in Technical Analysis.
The native token of the Aptos blockchain network, APT, has liquidity that far exceeds its market cap, it reported.
Additionally, LEO, TON, TRX, and OXB have performed poorly, with no improvement in liquidity from the previous quarter.
XRP Price Outlook
Ripple’s native token has retreated slightly on the day in a fall to $0.471 at the time of writing.
XRP has been flat for the past week after failing to reach $0.50 earlier this month.
XRP has been sideways since mid-March like a coiled snake waiting to jump on the outcome of the SEC case.
Which way it goes will depend on the judge presiding over it.
Return to Updates
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