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    Home - MarketForces News - XRP Tops $1.40 as SEC Reaffirms $XRP Digital Commodity Status
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    XRP Tops $1.40 as SEC Reaffirms $XRP Digital Commodity Status

    Julius AlagbeBy Julius AlagbeApril 29, 2026Updated:April 29, 2026No Comments2 Mins Read
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    Xrp Tops $1.40 As Sec Reaffirms $Xrp Digital Commodity Status
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    XRP Tops $1.40 as SEC Reaffirms $XRP Digital Commodity Status

    XRP rebounded in the crypto market as the US SEC reaffirmed the token as a digital commodity in a new guideline. Details from the crypto exchange showed XRP trading around $1.40 on Wednesday, following a sharp price depreciation in the previous session.

    Despite the momentum slowdown, crypto analysts maintained a positive outlook for XRP, hoping the market would factor in Ripple’s sustained efforts to enhance cross-border payments through its network.

    XRP trading volume is down approximately 6% to about $2 billion. 

    The U.S. Securities and Exchange Commission (SEC) has reaffirmed XRP as a digital commodity in its latest 2026 crypto guidance, clarifying its regulatory status under federal oversight.

    The update is widely seen as a boost for XRP, improving regulatory certainty and strengthening confidence among institutional investors and the broader digital asset market. At the heart of the update is a sharper line between crypto assets classified as securities and those treated as digital commodities.

    Under the SEC’s interpretive framework, digital commodities are tokens used to access or participate in working crypto ecosystems, with value driven not just by market demand but also by the real utility of the underlying network.

    In practical terms, classifying XRP as a digital commodity eases its regulatory load. Securities face stringent SEC rules, including registration, continuous disclosures, and heavier enforcement risk.

    In a related development, the value of tokenised U.S. Treasury products on the XRP Ledger has surpassed $418 million. This milestone is largely driven by institutional products such as Ondo Finance’s OUSG token, which provides exposure to short-term U.S. government bonds.

    This is bullish for XRP as it demonstrates tangible institutional demand and expands XRPL’s use case beyond payments into the competitive real-world asset (RWA) tokenisation space.

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    Julius Alagbe
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    Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.

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