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XRP bulls are making a strong push, but the $2.2546 resistance level is proving to be a tough barrier. After a steady upward climb, buying momentum has weakened as sellers step in to defend this key level.

A death cross, a serious bearish signal that could threaten Dogecoin's price momentum, has officially formed. A prolonged period of downward pressure is frequently indicated by this technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average.

According to recent rumors, the SEC is considering reclassifying the XRP token as a commodity. The Commission is apparently comparing XRP to ETH, which was reclassified in the past.

XRP.D has surged to hit its highest level since 2020, outpacing all altcoins.

The XRP community is anticipating the potential announcement of the settlement of the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple Labs Inc. As the settlement negotiation progresses, new updates on the causes of delays have emerged. According to Fox Business Senior Correspondent Charles Gasparino, the Ethereum ICO might be a

Cryptocurrencies saw another day of bearish price action on Thursday, with only XRP displaying relative strength. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $80,353.45 -3% Ethereum (CRYPTO: ETH) $1,852.08 -1.5% Solana (CRYPTO: SOL) $121.79 -2.4% XRP (CRYPTO: XRP) $2.24 +0.4% Dogecoin (CRYPTO: DOGE) $0.1631 -3.7% Shiba Inu (CRYPTO: SHIB) $0.00001190 -2.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10.7% and daily active addresses falling by 5%.

Ripple becomes the first crypto firm licensed by the DFSA, enabling regulated cross-border payments in the UAE's $40B remittance market.

Ripple's XRP secures regulatory approval in the UAE and sees a major ETF filing by Franklin Templeton. These pivotal moves position XRP for broader adoption and market growth.

XRP has risen nearly 5% in the last 24 hours, breaking above $2.30 as bullish momentum continues to build. This recovery comes amid broader market anticipation, even as the SEC delayed its decision on several XRP ETF applications.

The prolonged legal battle between the SEC and Ripple Labs, initiated in December 2020 over the alleged $1.3 billion unregistered XRP (CRYPTO: XRP) sale, may soon conclude, according to a Fox Business report. A key point of contention in the negotiations is whether's XRP's utility and trading status align more closely with a commodity, similar to Ethereum (CRYPTO: ETH), rather than a security.

The US Securities and Exchange Commission (SEC) is reportedly considering whether XRP qualifies as a commodity rather than a security in its ongoing settlement negotiations with Ripple. According to journalist Charles Gasparino, the SEC is weighing similarities between XRP and Ethereum (ETH).

The X user Ali Martinez warned about a potential wave of profit-taking ahead.

The asset management titan Franklin Templeton hopes to launch an exchange-traded fund (ETF) that will track the price of the fourth-largest cryptocurrency by market cap. On Tuesday, the financial services firm with $1.5 trillion in assets under management (AUM) submitted an S-1 registration to the U.S.

Popular XRP advocate and author of “3 Steps to Quantum Wealth” Linda P. Jones believes that institutions will expand their crypto investments beyond Bitcoin and Ethereum to include XRP ETFs.

According to Charles Gasparino, senior correspondent at Fox Business, the U.S. Securities and Exchange Commission (SEC) is currently trying to determine whether or not the XRP token can be classified as a commodity.

Crypto experts weighed in on Bitcoin‘s (CRYPTO: BTC) price drop below $80,000 on Thursday, predicting potential price bottoms for major cryptocurrencies amid ongoing economic uncertainty. Michal Pospieszalski of SwissFortress told Benzinga that Bitcoin could find a floor between $60,000 and $65,000 if it falls below $70,000, while Meg Lister of Gitcoin Labs cautioned that pinpointing a bottom remains challenging and could extend into the coming months, depending on U.S. economic policy shifts.

Ripple's XRP is showing lingering short bias and sell pressure and Dogecoin is showing a "death cross" technical pattern, while bitcoin dominance rises. CoinDesk's Christine Lee explains the latest crypto market technical trends on "Chart of the Day.

Crypto analyst Egrag Crypto has explained why an XRP price rally to $10 in this cycle is reasonable. The analyst alluded to historical performances and bullish fundamentals to drive home his point that this price target this year.

Reclassifying XRP as a commodity could reshape regulatory frameworks, influencing future crypto asset classifications and market dynamics. The post SEC considers classifying XRP as commodity in settlement talks with Ripple appeared first on Crypto Briefing.

Ripple, a leading provider of enterprise blockchain and crypto solutions, announced Thursday that it had bagged full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).

The SEC believes ether trades as a commodity, Fox Business reports, and the agency is trying to determine if it can make that case with XRP.

Dubai has officially approved Ripple for regulated crypto services, allowing the blockchain payments company to operate within the Dubai International Financial Centre (DIFC).

Altcoins delivered mixed performances on Thursday as Bitcoin rebounded to $84,000. While overall recoveries remained subdued, Stellar and Polygon stood out with contrasting market trends. Stellar defies trends: soars over 10% While most assets saw short-lived gains today, XLM displayed a notable bull comeback. While Bitcoin retraced to $81K at press time, Stellar remained elevated.

The price of XRP has fallen above the critical support level of $2.00.