Token approaches historical high with support from stablecoin, tokenization, and a 'nudge' from Trump in the US.
XRP, the 3rd largest cryptocurrency in the world, has accumulated a rise of over 39.1% in 30 days and is trading above $2.98 this Monday (14), approaching its historical record of $3.40, recorded in January 2018. The recent appreciation is driven by regulatory factors, advancements in tokenization, and a little help from Donald Trump.
One of the main drivers of XRP's recent rise was the decision of its creator, Ripple Labs, to abandon an appeal against the US Securities and Exchange Commission (SEC), ending a legal dispute that has dragged on since 2020. The end of the action eliminates a significant regulatory uncertainty for the token.
The agreement provides for the payment of a $125 million fine and maintains the injunction against Ripple regarding the institutional sale of XRP. On the other hand, it maintains the interpretation that XRP sales on public exchanges do not constitute an offer of securities, allowing the continued trading of the asset in the US.
Another factor of institutional visibility was the announcement that XRP will be one of the assets included in the new ETF “Truth Social Crypto Blue Chip ETF”, proposed by Trump Media, from the family of the American president, in partnership with the manager Yorkville America Digital. The fund, which will increase XRP's exposure to institutional investors in the US, will have a 2% allocation in XRP, in addition to BTC, ETH, SOL, and CRO. The product is still awaiting SEC approval.
The expansion of the stablecoin RLUSD, issued by Ripple and backed by the dollar, also contributes to the appreciation of XRP. With custody by BNY Mellon and integration into platforms like Transak and OpenPayd, the asset reached a market capitalization of $500 million in less than eight months.
A factor that also helps to boost the asset is its growing adoption for tokenization. In Brazil, Mercado Bitcoin (MB) announced in early July a partnership with Ripple to tokenize over R$ 1 billion in financial assets on the XRPL, the company's blockchain network.
A well-known company that uses XRP is American Express, to enable real-time international payments for corporate clients. “American Express uses XRP indirectly to facilitate faster and more transparent transactions between the US and international markets, helping companies move money efficiently and reducing settlement time from days to seconds,” explains Canadian manager Evolve ETFs.
According to Ripple and the Boston Consulting Group, the global tokenization market could grow from $600 billion in 2025 to $18.9 trillion by 2033, with the XRPL infrastructure playing a leading role in this advancement.