XRP surged above $1.50 after breaking key resistance levels and outpacing Bitcoin and Ethereum. At the same time, the US Securities and Exchange Commission introduced a new crypto classification framework that added fresh regulatory clarity to the market.
XRP started a strong upward move after clearing the $1.40 and $1.50 resistance zones. Buying momentum then pushed the price above $1.5250. The rally soon extended beyond $1.55 and reached a high of $1.6068. That advance marked a clear breakout before the price entered a short correction.
During the pullback, XRP slipped below $1.55 and $1.5250. It also moved under the 23.6% Fibonacci retracement level of the rise from $1.3855 to $1.6068. Buyers then returned near the $1.50 area. That zone matched the 50% Fibonacci retracement level and helped stabilize the price.
XRP now trades above $1.50 and the 100-hour simple moving average. The price also moved above a declining channel resistance near $1.5250 on the hourly chart.
If XRP pushes higher again, the first resistance may appear near $1.5550. The next major barrier stands at around $1.580. A move above $1.580 could send the price back to test $1.60. If bulls clear that level, XRP may continue toward $1.6250 and then $1.650.
Beyond that, $1.6880 remains the next major hurdle. That level could shape the next stage of the rally.
On the downside, initial support sits near $1.520. The $1.50 area remains the key level for preserving the current structure. If XRP falls below $1.50 and closes there, the price may slide toward $1.470. Further weakness could expose $1.4520, followed by $1.4220 and $1.4050.
While XRP held above key support, the SEC released a major interpretation of federal securities laws covering a wide range of crypto assets. The guidance aims to define how digital assets fit within existing legal rules.
The agency divided crypto assets into two broad groups: tokenized securities and non-security crypto assets. It then split non-security assets into four categories: digital commodities, digital collectibles, digital tools, and payment stablecoins.
Under that framework, Bitcoin, Ether, Solana, XRP, and Dogecoin fall under digital commodities. The guidance still states that a non-security crypto asset may come under federal securities laws if an issuer offers and sells it as part of an investment contract.
SEC Chair Paul Atkins said the Commission is now implementing a token taxonomy and an investment contract interpretation. He said the agency’s long-running lack of clarity on the issue had ended.
The SEC also explained that the status of an asset depends heavily on promises made by its issuer. A 68-page document lays out how the agency interprets those standards.
Industry figures reacted quickly. Miller Whitehouse-Levine, founder and CEO of the Solana Policy Institute, said the move carried deep importance and reflected what the industry had requested for years.
The guidance arrived as lawmakers continued work on the Clarity Act. The bill passed the House of Representatives last year but stalled in the Senate over disputes that included stablecoin interest payments.
Senate Banking Committee Chair Tim Scott said an updated draft could appear by the end of the week. Atkins also said only Congress can create a durable and future-proof framework for the market.
XRP price stayed firm above key support after a strong rally past $1.50, while the SEC introduced a new crypto asset framework. Together, these developments put both technical levels and regulation at the center of market attention. Traders will likely watch price resistance and policy progress closely.