{"id":635486,"date":"2025-03-14T13:13:07","date_gmt":"2025-03-14T13:13:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=635486"},"modified":"2025-03-14T13:13:07","modified_gmt":"2025-03-14T13:13:07","slug":"xrp-price-prediction-as-sec-considers-classifying-xrp-a-commodity-in-ripple-talks-traders-buy-this-ico-for-free-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/xrp-price-prediction-as-sec-considers-classifying-xrp-a-commodity-in-ripple-talks-traders-buy-this-ico-for-free-bitcoin","title":{"rendered":"XRP Price Prediction: As SEC Considers Classifying XRP A Commodity In Ripple Talks, Traders Buy This ICO For Free Bitcoin"},"content":{"rendered":"

The XRP price surged 4% in the last 24 hours to trade at $2.30 as of 4:45 a.m. EST on trading volume that went up 5% to $5.79 billion.<\/p>\n

Recent reports suggest that the SEC is weighing XRP’s status as a commodity in an attempt to reach a classification of the asset that could lead to the end of the two entities’ legal conflict.<\/p>\n

If true, it would not only mark the resolution of the conflict but set a precedent for the classification of many other cryptocurrencies.<\/p>\n

XRP Price Prediction<\/h2>\n

The XRP price<\/a> responded to the news by seeing a small recovery amid a struggling market. Its Bollinger Bands saw a major widening as the price surged yesterday, and while traders used the opportunity to take profit, a new wave of purchases brought the price back up.<\/p>\n

The bands have since narrowed considerably, but they seem to be widening again at the time of writing, as XRP continues to push further up and tries to break a resistance at $2.30.<\/p>\n

\"XRP<\/p>\n

15-minute chart for XRP\/USD (Source: TradingView)<\/p>\n

As for XRP’s Relative Strength Index (RSI), its value has been mostly above 50 in the last two days, apart from the price dip seen yesterday evening, after the initial surge. Before that, the RSI fluctuated between 50 and 60, and when the news about its potential classification as a commodity emerged, a wave of purchases pushed it to the overbought zone.<\/p>\n

As mentioned, some traders saw an opportunity to take profit, which is what pushed the RSI down to the edge of the oversold zone, only for it to quickly recover. Even now, it is at 65, suggesting that traders are optimistic about the coin, and that many are buying in expectation of further price growth.<\/p>\n

If the SEC classifies XRP as a commodity officially, the coin could see another sharp price increase, so anyone interested in buying XRP should keep a close eye on new developments.<\/p>\n

Promising Alternative To XRP<\/h2>\n

In the meantime, opportunity seekers can also consider buying BTC Bull Token (BTCBULL)<\/a> — a new, high-potential meme coin that is currently in presale.<\/p>\n

Calling itself Bitcoin’s official meme coin, BTC Bull Token has two goals — help Bitcoin’s price surge to $1 million per coin and beyond, and create new earning opportunities for its own investors.<\/p>\n

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No turning back now. BTCBULL knows the mission. 🐂🌙 pic.twitter.com\/j5WQAiyDbA<\/a><\/p>\n

— BTCBULL_TOKEN (@BTCBULL_TOKEN) March 13, 2025<\/a><\/p><\/blockquote>\n