XRP Soars 40% in Five Days as Commodity Classification Sparks Buying Frenzy

XRP surged to a three-month high of $1.43, marking a 20% increase in just 24 hours and a 40% gain since Monday.

The token's price rise comes as the SEC and CFTC jointly classified 16 digital assets, including XRP and Solana, as commodities.

This reclassification has led to increased buying interest, with whales accumulating over 300 million XRP in just 96 hours. Additionally, ETF inflows reached $21.4 million this week.

The token's rally can be attributed to the intersection of four key catalysts: a Treasury liquidity intervention, a record short-liquidation cascade, a regulatory reclassification, and a product announcement on the network itself.

The chart structure has also broken through a falling wedge pattern that had been building since January, with the measured target sitting at $1.70 to $1.71-22.3% above Friday's price.