XRP Breakout Setup Strengthens as SEC and CFTC Classify It as Digital Commodity

XRP price has been consolidating near $1.08 after a difficult first half of 2026, but technical indicators point to a possible breakout.

The U.S. regulators have formally classified XRP as a digital commodity in a joint SEC-CFTC interpretive release on March 17, 2026, which removed long-running uncertainty over its status under U.S. law.

The Relative Strength Index has formed a bullish divergence, and buyers continue to defend the local bottom near $1.05.

Historical data from CryptoRank shows that XRP has not posted a negative third quarter close in the past seven years, with July having gained 4.19% so far.

To confirm a breakout from the descending broadening wedge, buyers must push the price above the $1.12-$1.18 resistance zone, which could open a path toward medium-term targets between $1.45 and $1.60.