XRP’s Triumph: Holding Top 5 Status Despite Exclusion from Ripple Liquidity Hub

  • Ripple excludes XRP from Liquidity Hub due to SEC’s pending appeal and potential legal risks.
  • Ripple prioritizes customer and shareholder demands over adding XRP immediately.
  • XRP continues to hold a position in the top five cryptocurrencies by market capitalization.

The blockchain-based payment giant Ripple has chosen to keep XRP off its Liquidity Hub’s list of supported assets despite XRP recently receiving legal clarity as a digital asset. This decision has puzzled the XRP community and triggered speculations about its implications.

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Attorney Bill Morgan, based in Australia, shed light on the rationale behind Ripple’s exclusion of XRP. He pointed to unresolved issues related to Ripple’s use and sale of XRP, compounded by the US Securities and Exchange Commission’s (SEC) pending appeal in the ongoing SEC vs. Ripple lawsuit, as critical factors influencing the decision. Despite a federal court ruling in July that XRP is not a security, the SEC’s intent to challenge this decision with an interlocutory appeal has introduced uncertainty.

Ripple appears to prioritize the demands of its customers and shareholders over the immediate addition of XRP to Liquidity Hub. This strategic choice aligns with Ripple’s position that there is no common enterprise between XRP holders and the company, thus implying no legal obligations from Ripple to XRP holders stemming from XRP token purchases.

Despite Ripple’s decision to exclude XRP from Liquidity Hub, XRP has managed to maintain its position in the top five cryptocurrencies by market capitalization. At the time of writing, XRP boasts a market capitalization of $26,573,976,393 billion, solidifying its presence in the crypto market.

While Ripple’s stance on XRP’s inclusion in Liquidity Hub remains unchanged for now, Attorney Morgan speculates that Ripple may reconsider its decision in the future.

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