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XRP surges after SEC classifies it as a commodity but falls amid Bitcoin selloff and Fed caution.

Market News
23 Mar 2026
247 Wallst
View Source
Bearish
pluang ai news

The SEC officially classified XRP as a digital commodity, causing its price to jump to $1.60 before falling back to $1.40 within a week. This ruling removed a major legal barrier for institutional investment but coincided with a Federal Reserve decision that spooked the crypto market and triggered a Bitcoin selloff, dragging XRP down. Despite the positive regulatory news, XRP's price remains heavily influenced by Bitcoin's performance and broader macroeconomic conditions. The next key event is the SEC's ETF decision on March 27, which could bring institutional capital if approved, potentially pushing XRP back up if Bitcoin stabilizes.

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