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    MarketForces Africa » MarketForces News » XRP Tops $1.40 as SEC Reaffirms $XRP Digital Commodity Status

    XRP Tops $1.40 as SEC Reaffirms $XRP Digital Commodity Status

    Julius AlagbeBy Julius AlagbeApril 29, 2026Updated:April 29, 2026 News No Comments2 Mins Read
    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 is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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