simply put

  • Ripple’s XRP moved up two spots to third on Kaiko’s cryptocurrency liquidity rankings amid an upcoming SEC ruling.

  • Arbitrum’s native token ARB entered the liquidity rankings, with its trading volume ranking sixth, ahead of multiple Layer 1 tokens.

  • Avalanche (AVAX), Solana (SOL), and Monero (XMR) improved their liquidity rankings.

Kaiko, a blockchain and cryptocurrency data insights company, has released its Q2 cryptocurrency liquidity rankings report. There have been some changes in the list, with Ripple’s XRP asset getting an improvement.

On July 12, Kaiko updated its crypto asset liquidity rankings, stating that “recent SEC litigation has a direct impact on the liquidity of assets deemed to be securities.”

Ripple cryptocurrency liquidity changes and reorganization

The analytics firm noted that the crackdown by U.S. regulators has changed listings, with some assets losing trading volume and liquidity.

The Kaiko ranking system compares each asset’s liquidity ranking to its market cap. It also investigates which coin’s market cap is the most misleading from a liquidity perspective.

“The good news is that global liquidity was more or less flat in Q2, with no further declines beyond the tokens mentioned in the SEC lawsuit and a few exchange-specific declines.”

Ripple’s XRP asset moved up two spots from the previous quarter to third in terms of cryptocurrency liquidity in terms of trading volume. It explained that this was because investors were preparing for a ruling in the SEC v. Ripple court case.

Additionally, XRP has a large trading volume on Korean exchanges.

Ranking by volume and market depth

The research also noted that the native token of Layer 2 rollup Arbitrum (ARB) ranked sixth in terms of trading volume and was ahead of multiple Layer 1 tokens. It added that ARB’s high ranking is noteworthy as it is a new entrant into this quarter’s liquidity rankings.

Tokens that improved their liquidity rankings include Avalanche (AVAX), Solana (SOL), and privacy coin Monero (XMR).

Falling in the liquidity rankings are Cosmos (ATOM), Filecoin ( FIL ), and Polygon ( MATIC ). All three are subject to allegations by the SEC that they are securities.

The liquidity of APT, the native token of the Aptos blockchain network, reportedly far exceeds its market capitalization.

In addition, LEO, TON, TRX and OXB performed poorly, with liquidity not improving compared to the previous quarter.

XRP Price Outlook

Ripple’s native token has retreated slightly on the day, dipping to $0.471 at the time of writing.

XRP has been flat over the past week after failing to reach $0.50 earlier this month.

XRP price ($1) weekly chart.

XRP has been moving sideways since mid-March, like a coiled snake, awaiting the outcome of the SEC case.

How things go will depend on the presiding judge.