XRP Surges 2% as Genius Act Spurs $10B Derivatives Boom and Market Cap Tops $200B

XRPUSDT experienced a 2.03% price increase over the past 24 hours, with the current price at 3.5055 USDT on Binance. The price movement is primarily attributed to heightened market activity following the passage of the Genius Act on July 18, 2025, which introduced new U.S. regulations for stablecoins and digital assets, leading to a surge in XRP derivatives open interest above $10 billion. Additional contributing factors include positive sentiment from reports of XRP's rising market capitalization and significant transactions by Ripple's founder, as well as technical signals suggesting both bullish momentum and potential short-term correction. Trading volume remains elevated, with XRP maintaining a market capitalization above $200 billion and a circulating supply of approximately 59 billion tokens.