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XRP hit $1.39993 on Friday as the token struggled to build momentum despite a recent regulatory development. The Securities and Exchange Commission reclassified XRP as a commodity earlier this week, shifting it away from its prior security designation, but traders appeared unconvinced that the change would immediately translate into stronger demand.
Ripple Labs welcomed the SEC’s decision. In a statement carried by the article, Ripple spokesperson Amy Reynolds said the reclassification could improve transparency and support greater institutional adoption. She also acknowledged that the company recognizes current market volatility and that it will need to make strategic adjustments as the regulatory landscape changes.
However, traders said the practical implications of commodity status remain unclear. The article noted that the Commodity Futures Trading Commission has not yet released detailed guidelines, leaving XRP in a form of regulatory limbo. Crypto analyst Sarah Thompson said the market is still adapting to the SEC’s decision and that uncertainty could increase volatility as investors try to determine their next moves.
The article placed XRP’s weakness in the context of broader crypto declines. It reported that Bitcoin fell to $45,000 and Ethereum dropped to $3,200 on Friday, pulling the wider market down. XRP’s move below $1.40 was described as consistent with that broader pattern, while also reflecting its own regulatory and adoption uncertainties.
Chart watchers in the article pointed to continued difficulty for XRP near the $1.45 level. It said XRP has been struggling to break above $1.45 for weeks and is now testing support around $1.40. Market strategist John Lee said maintaining the $1.40 area is important to avoid further declines.
The article also cited sluggish trading momentum and a cautious stance among traders amid macroeconomic concerns, including inflation and geopolitical tensions. Lee suggested that future positive regulatory updates could act as a catalyst, but he did not expect a near-term turnaround.
Despite the weak price action, the article reported higher trading activity. It said Binance recorded a 15% jump in XRP trading on Friday compared with Thursday. CoinMarketCap data cited in the article showed XRP trading volume reached $4.2 billion on Thursday as the reclassification news spread.
Financial analyst Mark Stevenson said the combination of high volume and flat price action suggests the market is waiting for more definitive regulatory clarity before making larger moves. He added that institutional investors typically do not rush in when rules are still being defined.
Ripple CEO Brad Garlinghouse was described as optimistic, saying the company remains committed to working with regulators and that collaboration is essential for trust and innovation in the crypto industry. Still, the article argued that commodity status alone may not resolve adoption challenges, particularly for banks and payment providers that were previously deterred by the security classification.
Crypto analyst David Kim said institutional investors will likely require more comprehensive regulatory guidance before committing large-scale investments. The article also noted that the CFTC has not provided a timeline for when detailed guidelines on how XRP’s commodity status will work in practice will be released, and it suggested that timing could be important for XRP’s short-term price direction.
XRP closed Friday still struggling to hold its footing above the $1.40 support level that traders were monitoring closely.
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