XRP’s (XRP) post-ruling rally is facing its first real stress test as traders weigh the U.S. Securities and Exchange Commission’s (SEC) latest classification decision against a shakier macro backdrop and still-limited evidence of sustained ‘institutional demand’. The SEC’s decision on March 17 to treat XRP as a non-security ‘digital commodity’ triggered an immediate burst of activity across spot and derivatives venues, sending volumes sharply higher and pushing the token briefly to around $1.60.
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