An increasing number of cryptocurrency exchanges, including Crypto.com and Kraken Pro, are resuming XRP trading following a mixed ruling from a U.S. federal judge regarding the ongoing legal dispute between the Securities and Exchange Commission (SEC) and Ripple. These exchanges, many of which halted XRP trading when the SEC filed a lawsuit against Ripple Labs in late 2020, are now reversing their decision. This move is seen by many as a significant win for the industry.

Crypto.com and Kraken Pro announced that XRP has been relisted on their platforms, with Crypto.com encouraging users to "Buy XRP at true cost with USD, EUR, GBP, and 20+ fiat currencies." Kraken Pro also announced that XRP is back in full-trading mode on its platform.

Gemini, another crypto exchange, is also considering relisting XRP. "Given today's ruling that the sale of XRP on exchanges is not a security, Gemini is exploring the listing of XRP for both spot and derivatives trading," Gemini tweeted.

However, some uncertainty remains regarding the status of XRP. The mixed ruling from the Southern District Court of New York in the lawsuit between the SEC and Ripple is not the final resolution of the dispute. The case could now proceed to trial or be appealed.

While Judge Analisa Torres ruled that some of Ripple's sales of XRP did not fully meet the definition of a securities offering, she also stated that Ripple’s sales to institutional buyers were unlawful securities sales.

Despite the ongoing legal uncertainty, many exchanges have decided to relist XRP. Exchanges profit from the volatility and hype surrounding coins, as greed and fear create more opportunities for transaction volume and fees, said Youwei Yang, chief economist of Bit Mining. Exchanges and participants may be overly optimistic, but the potential return from reopening outweighs the risk of lawsuits and fines due to the perceived success of Ripple.