Hours after the resumption of listing on leading cryptocurrency exchange BitMart, XRP’s trading volume has surpassed $600,000, according to USA Today. The virtual currency will be delisted from the platform in 2021 due to a lawsuit between Ripple and the U.S. Securities and Exchange Commission. Subsequently, trading resumed today.

The XRP digital currency attached to Ripple can also be traded with the Tether stable currency on the platform at this stage. BitMart's research and development took place today after massive excitement from customers. In addition, the resumption of listing comes after many social networks called for the digital currency to return to the platform.

In December 2020, the digital currency was gradually delisted from various cryptocurrency exchanges including Coinbase. Since then, the incident has been noticed as the latest legal action will be taken against Ripplelabs, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC).

This legal battle is based on the complaint that Ripple sold unregistered securities, resulting in delisting activities. Many cryptocurrency exchanges do not want to risk themselves being sued for helping XRP. Therefore, there may be many people who are reluctant to apply for a model brokerage dealer or obtain the necessary license, thus resulting in the delisting of industrialized stocks.

The SEC’s dispute centers around its belief that XRP must comply with U.S. federal government securities laws. Currently, BitMart represents one of the first profitable platforms to resume listing digital currencies for trading. In addition, its XRP has generated more than $600,000 in trading volume since its resumption of listing, pulling BitMart into the top 20 XRP transactions.

Another valuable high-quality development is XRPL, the XRP Ledger. Conversely, since centralized exchanges like BitMart appear off-chain, the resumption of listing has no impact on the Ripple blockchain's applied blockchain technology. Even so, USA TODAY also mentioned that XRP

There are 1.2 million transactions per day on the ledger.

The world's leading digital cryptocurrency exchange NewtonCrypto announced the resumption of listing XRP. Nor are you a major milestone for digital currencies. In December 2020, the U.S. financial regulator, the Securities and Exchange Commission (SEC), filed a lawsuit against payments giant Ripple. The agency accused the remittance provider Ripple of selling XRP currency futures without the company's registered address. The SEC feels that XRP is a stock future.

Several cryptocurrency exchanges have delisted XRP currency stocks following news of the lawsuit. Digital currency holders have seen many stocks of Coinbase, Kraken, Bitstamp, Crypto.com and OKCoin delisted firsthand.

Therefore, the resumption of a new round of commercial listings is a relief for XRP holders who have been persevering in the legal battle between the SEC and Ripple.

Coinbase has joined the US-based Blockchain Association, the company's headquarters, to use Ripple, according to amicus curiae in the dispute. However, the trade market did not announce plans to resume listing digital currencies. Interestingly, the resumption of the listing is very likely to promote the rebound of digital currencies, because the latest listing will also lead to sharp fluctuations in the price of Coinbase assets. Experts call this the "Coinbase effect."

The community of XRP holders on Twitter has organized various themed events in an attempt to get the virtual currency back listed on Coinbase, but has not been successful.

AkashGirimath, FXStreet's professional analyst assistant, assessed the XRP market price and predicted that the digital currency will rebound. Girimath believes that a recovery in buying pressure could lead to a 55% rise in remittance currencies.

The price of XRP is likely to touch the $0.609 level. This move may distort the 69% plunge since the second quarter of 2022. Breaking through $0.448 too early may invalidate the argument for the rise and cause the XRP price to rotate.

The price of XRP has been significantly underestimated due to the continuous lawsuits against the US Securities and Exchange Commission. The US Securities and Exchange Commission believes that XRP is a stock futures, and Ripple has been selling them in violation of regulations for many years.

However, the recent escalation shows that lawsuits are settled quickly, so the XRP digital currency is likely to be fruitful.

The SEC case has no impact on the price of XRP in recent years.

During the bull market in 2021, this is also one of the coins that cannot re-establish the ATH and lose all the profits at that time. In order to occupy the lost ground above $1, the price of XRP is currently on the verge of a U-shaped repair.

In addition, the positive conclusion of the prosecution is likely to promote a more cryptocurrency-focused mentality. Judge Torres recently denied the SEC's disapproval and ordered them to take down the Hinman files. However, it is highly likely that the SEC will propose another resolution requiring Judge Torres to deliberate on her management decisions.

JamesK.Filan cited three actions that the SEC is likely to take in the near future.

Initially, the SEC will most likely order Judge Torres to alter her ruling.

Secondly, they may not apply for reconsideration, but instead ask him to confirm the appeal against the ruling.

Third, they can choose to submit a letter of appeal to the Court of Appeal to enforce the writ.

According to the seizure documents or try the above actions. But again, criminal defense lawyers feel that none of this will affect the simple adjudication timetable expected to be in place by the end of 2022.

On the other hand, due to the active progress of related prosecutions, the price of XRP has risen by more than 50% in the past 7 days, and it is still under calculation. Once the lawsuit between Ripple and the SEC is over, the price is very likely to resume the bull market.