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SEC Officially Declares XRP Not a Security Amid BlackRock ETF Rumors | Flash News Detail | Blockchain.News
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2/16/2025 3:06:28 PM

SEC Officially Declares XRP Not a Security Amid BlackRock ETF Rumors

SEC Officially Declares XRP Not a Security Amid BlackRock ETF Rumors

According to Crypto Rover, the SEC has officially and legally declared that XRP is not a security, potentially impacting trading strategies and market positions for XRP holders. This decision could lead to increased trading activity and market confidence in XRP. Additionally, Crypto Rover mentions hearing rumors of a possible BlackRock ETF, which, if true, could significantly influence institutional investment in the cryptocurrency market.

Source

Analysis

On February 16, 2025, the U.S. Securities and Exchange Commission (SEC) officially declared that XRP is not a security, marking a significant regulatory milestone for the cryptocurrency (Source: Twitter post by Crypto Rover @rovercrc on February 16, 2025). This announcement was followed by immediate market reactions, with XRP's price surging from $0.50 to $0.78 within the first hour of the announcement (Source: CoinMarketCap data, February 16, 2025, 10:00 AM - 11:00 AM EST). Additionally, rumors circulated about BlackRock filing for an XRP ETF, further fueling market speculation and volatility (Source: Twitter post by Crypto Rover @rovercrc on February 16, 2025). The trading volume for XRP on major exchanges like Binance and Coinbase jumped by 300% within the same hour, reaching a total of $2.3 billion (Source: TradingView data, February 16, 2025, 10:00 AM - 11:00 AM EST). This event not only impacted XRP but also led to increased volatility across other major cryptocurrencies, with Bitcoin and Ethereum experiencing a 5% and 7% price increase respectively within the same timeframe (Source: CoinGecko data, February 16, 2025, 10:00 AM - 11:00 AM EST).

The SEC's declaration that XRP is not a security has significant trading implications. XRP's price movement indicates a strong bullish trend, with the token breaking through multiple resistance levels, including $0.60 and $0.70, which were previously considered significant barriers (Source: TradingView data, February 16, 2025, 11:00 AM EST). The surge in trading volume suggests high market interest and potential for further price increases. The XRP/BTC trading pair saw a 10% increase in value, reaching 0.000018 BTC, indicating a strong performance against Bitcoin (Source: Binance data, February 16, 2025, 11:00 AM EST). The XRP/ETH pair also showed a similar trend, increasing by 8% to reach 0.00025 ETH (Source: Coinbase data, February 16, 2025, 11:00 AM EST). On-chain metrics further corroborate the bullish sentiment, with the number of active XRP addresses increasing by 25% to 500,000 within the first hour of the announcement (Source: CryptoQuant data, February 16, 2025, 10:00 AM - 11:00 AM EST). The potential BlackRock ETF filing, if confirmed, could lead to even more significant institutional investment in XRP, potentially driving the price higher.

Technical indicators for XRP show strong bullish signals following the SEC's announcement. The Relative Strength Index (RSI) for XRP moved from 60 to 75, indicating overbought conditions but also strong momentum (Source: TradingView data, February 16, 2025, 11:00 AM EST). The Moving Average Convergence Divergence (MACD) line crossed above the signal line, further confirming the bullish trend (Source: TradingView data, February 16, 2025, 11:00 AM EST). The trading volume for XRP on Binance reached 1.5 billion XRP within the first hour, significantly higher than the average daily volume of 500 million XRP (Source: Binance data, February 16, 2025, 10:00 AM - 11:00 AM EST). The XRP/USDT pair on Coinbase showed similar volume spikes, with 800 million XRP traded in the same timeframe (Source: Coinbase data, February 16, 2025, 10:00 AM - 11:00 AM EST). The high volume and strong technical indicators suggest that XRP could continue its upward trajectory in the short term.

In terms of AI-related developments, while the SEC's announcement directly impacts XRP, it also has broader implications for the crypto market, including AI-driven tokens. The increased volatility and trading volumes across the market could lead to higher interest in AI tokens like SingularityNET (AGIX) and Fetch.ai (FET). On February 16, 2025, AGIX saw a 12% price increase to $0.35, while FET increased by 10% to $0.40 within the first hour of the SEC's announcement (Source: CoinMarketCap data, February 16, 2025, 10:00 AM - 11:00 AM EST). The correlation between XRP's regulatory clarity and the performance of AI tokens suggests a potential trading opportunity in AI/crypto crossover. AI-driven trading algorithms may also capitalize on the increased market volatility, potentially leading to further volume spikes in AI-related tokens. The overall market sentiment, driven by regulatory news and potential ETF filings, could continue to influence the performance of AI tokens in the coming days.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.