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It’s no surprise that XRP investors are expecting a ruling in the case between Ripple and the United States Securities and Exchange Commission.
According to a recent report from Kaiko, they are already positioning themselves, which is reflected in the increased trading volume.
- Kaiko reports that XRP ranks third in trading volume as investors are starting to position themselves for a ruling in the case between the SEC and Ripple.
XRP ranks third in volumes, up two places from last quarter as investors start to position themselves for the ruling in the SEC v. Ripple case that is expected imminently. The token also saw a surge in volume on Korean exchanges. – Reads the report.
- This comes as little surprise, given that the excitement around the anticipation for a ruling on the case is mounting.
- As CryptoPotato recently reported, a prominent XRP lawyer – John Deaton, as well as Ripple’s CTO, have been speculating on potential deadlines as to when the ruling might come, with September looking like an appropriate bet.
