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JUST IN: This is how XRP reacted after the SEC's classification of cryptocurrencies.
The SEC and CFTC classified cryptocurrencies as digital commodities, reflecting Ripple's historic legal victory in August 2015.
XRP's MVRV ratio is approaching 1.0, indicating that average holders are returning to profit territory.
XRP fell back to $1.52 as investors sold after the price spike following the SEC-CFTC announcement.