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CryptoMediumUpdated×15•Originally published 23 March 2026•Updated 25 March 2026•

1 min read

Cardano and XRP Surge as SEC Classifies Assets as Commodities Ahead of ETF Deadline

Digital illustration of cryptocurrency market downturn with a large Ethereum coin, Bitcoin and Solana logos, multiple charts showing losses, a red downward arrow, and scattered crypto coins.

Key Facts

1Input Output Global (IOG) confirmed that the Midnight sidechain launch will take place this week.

2 months ago

Version History

48 additional sources confirmed this story

Version 152 months ago

What changed: Updated the story to include Bitcoin reclaiming the $69,000 support level and new technical targets for a higher high.

Version 142 months ago

What changed: Cardano (ADA) recovered 4% to $0.26, supported by the activation of key on-chain and derivatives indicators signaling a potential price reversal.

Version 132 months ago

What changed: Updated the story to include bullish technical signals for Bitcoin Cash (BCH) targeting $500 and noted the broader market stabilization across Bitcoin and Ethereum.

Version 122 months ago

What changed: Updated the story to include new technical data showing ADA short positions hitting a 3-year high and holder losses reaching levels that historically signal a massive bullish reversal.

Version 112 months ago

What changed: Updated the story to include the SEC's classification of ADA and XRP as digital commodities, the final XRP ETF deadline, and Cardano's ATH price targets.

Version 102 months ago

What changed: Added information regarding the non-linear expectations for XRP's price trajectory toward higher psychological resistance levels.

Version 92 months ago

What changed: Added technical analysis for XRP, highlighting its current corrective pullback and identifying the $1.40 level as a critical pivot for future price action.

Version 82 months ago

What changed: Added details regarding Charles Hoskinson's recent cryptic social media post driving community hype for the Midnight mainnet launch.

Version 72 months ago

What changed: Added specific price consolidation ranges ($0.24-$0.29), support levels, and context on holder profitability and neutral technical indicators.

Version 62 months ago

What changed: Added specific quantitative data from Santiment showing the MVRV ratio at -43% and noted that Binance short positions have reached their highest level since June 2023.

Version 52 months ago

What changed: Updated the story to include the $0.25 technical support level, MVRV ratio analysis, and record-high short interest data from Binance.

Version 42 months ago

What changed: Added new sentiment analysis from Santiment suggesting ADA has reached a market bottom, providing a recovery signal to complement the existing technical divergence.

Version 32 months ago

What changed: Added details regarding Charles Hoskinson's 'New ADA' teaser and its impact on the narrative surrounding the Midnight sidechain launch.

Version 22 months ago

What changed: Added technical details including Node version 10.7.0 and Protocol version 11, while identifying Intersect as the coordinating organization.

Version 12 months ago

What changed: Updated the price consolidation level to $0.26 and incorporated market expectations regarding the upcoming 'Van Rossem' hard fork.

In a landmark regulatory shift, the SEC classified ADA and XRP as digital commodities, setting a positive tone ahead of the March 27 XRP ETF deadline. Cardano (ADA) is currently trading near the $0.26 level following a 4% recovery, supported by significant on-chain and derivatives indicators signaling potential price reversals. Adding to the market's bullish momentum, Bitcoin successfully reclaimed the $69,000 level as a strong technical support on March 25. Analysts now observe a technical attempt to establish a higher high for BTC, targeting an upward move of approximately $4,600. This broader recovery coincides with Bitcoin Cash (BCH) eyeing a $500 breakout and Cardano's ongoing technical evolution with the Midnight sidechain. Collectively, these developments suggest a transition from stabilization to a strategic growth phase across leading digital assets.