$XRP 🔥XRP marks new historical record after approval of the GENIUS law

The cryptocurrency issued by Ripple surpassed the mark of $3.40. The GENIUS Law regulates the issuance of stablecoins in the United States.

Several cryptocurrencies react positively.

The price of XRP, a cryptocurrency issued by Ripple Labs, is reaching new historical highs at the time of this publication.

As seen in the following chart provided by TradingView, XRP traded at $3.48 just minutes ago, surpassing the previous mark of $3.40. The United States Congress approved the GENIUS legislation, which benefits the cryptocurrency industry by regulating the issuance of stablecoins. This causes increases in the prices of crypto assets. It should be noted that Ripple issues the stablecoin Ripple USD (RLUSD), so the GENIUS law directly benefits it.

Also, bitcoin (BTC), the main digital asset, has risen in price, going back above $120,000. Ether (ETH), for its part, reached $3,500, a level not seen since January 2025