XRP reached $3.66, breaking its previous all-time high of $3.40 set over eight years ago amid rising investor demand.
Open interest in XRP derivatives increased by 18%, while trading volumes jumped 140%, showing renewed market confidence.
The GENIUS Act, awaiting Trump’s signature, proposes a stablecoin framework centered around Ripple’s RLUSD, drawing institutional interest.
XRP has reached a new all-time high of $3.66, marking a key turning point for the digital asset. This new price surpasses the previous record of $3.40, set in early 2018. The digital currency has gained nearly 40% over the past week, bringing its market capitalization beyond $200 billion.
Much of the recent surge in XRP’s price is tied to developments around cryptocurrency regulation in the United States. The GENIUS Act, short for “Guaranteed Nationally Issued US Stablecoin,” is now awaiting President Trump’s signature. The legislation passed the House with bipartisan support and is scheduled to be signed on July 18, 2025.
Market sees early impact from expected policy changes
Even before the GENIUS Act becomes law, XRP has seen a sharp rise in institutional and retail interest. Analysts attribute this momentum to growing confidence in the asset’s regulatory clarity. Open interest in XRP derivatives rose 18%, now totaling $10.5 billion. Meanwhile, derivatives trading volume has climbed 140% to reach $39.6 billion.
The GENIUS Act introduces a federal framework for stablecoins, with Ripple’s RLUSD expected to be the core asset within this system. Market participants anticipate that this framework will serve as a gateway for increased institutional activity. The new law also signals a broader shift toward clearer cryptocurrency regulation.
Other legislative efforts advance in parallel
Two more crypto bills have moved along with the GENIUS Act, namely the CLARITY Act and the Anti-CBDC Act. This was a widespread bipartisan act because more than 100 Democratic votes were recorded in the House in favor of the GENIUS Act, which passed by a majority with 308 to 122 votes. There is still no action on the CLARITY Act in the Senate, and it is not likely to impact immediate market activities.
The crypto communities are still looking forward to the signing of the GENIUS Act today. Analysts also predict that the recent surge in the price of XRP may extend as more regulatory certainty is established. The figure has been attained by XRP without an ETF approval being passed, which further points to how much of a game-changer the legislative change is.
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