The coined currency market actively discusses the approval of the last US Securities and Stock Exchange Committee (SEC) with the money circulating on the stock exchange related to XRP (ETFS).
While some believe this indicates the classification of XRP as a commodity, SEC has not made an official statement confirming its status. The uncertainty has sparked speculation among investors and analysts.
Have we described SEC XRP as a commodity?
On February 12, 2025, the US Securities and Stock Exchange admitted multiple requests for investment funds circulating on the basis of various encrypted currencies, including XRP (from gray and 21 charts). This acknowledgment corresponds to XRP with Bitcoin and Ethereum, which is widely seen as goods. However, SEC has not explicitly confirmed whether XRP itself is within the same category.
Eleanor Territ, a journalist, heal, notice in X post American SEC is currently reviewing many investment funds circulating in digital assets, including those associated with XRP, Solana (SOL) and Dogecoin (Doge). I mentioned,
“They admitted that the exporters are applying for a product that classifies XRP as the origin of commodities in the cover of the securities.” While this indicates a shift in the organizational position, the Supreme Education Council has not yet provided the final clarity. Olier this week, legal expert Jeremy Hogan explained that the Ripple VS SEC lawsuit is unlikely to affect the approval of XRP ETF.
A lawsuit and court judges on XRP
Ripple Labs has been involved in a long -term legal conflict with SEC on whether XRP should be classified as safety. In a major judgment, an American judge decided that XRP was not safe in secondary market transactions.
However, the court also ruled that the direct institutional sales of XRP were not registered in securities.
SEC has stopped further litigation as its Crypto’s work band continues to evaluate the regulatory framework of digital assets. Legal experts suggest that the appeal is still a possibility, which can extend uncertainty about the classification of XRP for years. Some analysts argue that if various courts reach various conclusions, the case may be eventually reviewed by the US Supreme Court.
XRP market reaction and trading activity
After SEC approval of the XRP ETFS qualifiers, the XRP trading volume increased by 30 % during the first hour of the advertisement. The data on the series revealed an increase of 29 % in the active addresses that interact with the Professor XRP book. The main exchanges, including Binance and Coinbase, have registered the increased trading activity.
The XRP price also saw a sharp increase, reaching $ 2.84 on February 15, 2025, an increase of 22 % over five consecutive trading days.
Analysts suggest that if XRP maintains the momentum and exceeds the resistance level of $ 2.80, it may move about 3.00 dollars or higher. However, if the sale pressure increases, the price may be between $ 2.60 and $ 2.80. However, if the bull and pneumatic running continues to resist $ 3.40, according to Egrag Crypto analysts, the XRP price may test new levels from $ 15 to $ 17.
The encryption community awaits organizational certainty
The continuous debate about the classification of XRP led to mixed reactions within the encryption community. Some believe that the SEC ETFS’s acknowledgment indicates a step towards recognizing it as a commodity, while others argue that the lack of explicit assertion leaves room for more organizational scrutiny.
Next, the US University’s SEC’s approach to XRP may also affect the ongoing cases against the main encryption exchange, such as Binance and Coinbase, which has already been suspended by the encryption squad for 60 and 28 days, respectively.
These exchanges faced organizational challenges to provide unregistered securities. If XRP is officially classified as a commodity, this may affect how to organize similar assets in the future and eventually pay the price of XRP for $ 110.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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