According to the source, India’s Madras High Court has recognized XRP as property protected under criminal law, as stated in an X post dated Nov 5, 2025; the post did not include a judgment number or official court order, leaving the claim unverified for now. Source: X post dated Nov 5, 2025. For trading, treat India-related XRP liquidity, XRP-INR market structure, and exchange compliance assumptions as unchanged until an official order appears on Indian judiciary records or via regulator notice; in the interim, monitor XRP-INR spreads and on-ramp activity for any confirmation-driven shift. Sources: X post dated Nov 5, 2025; absence of a cited court document in the post.