XRP explodes, reaching a new historical peak of 3.6 USD and climbing to the top 3 market capitalization

On the morning of July 18, the price of XRP officially surpassed the old peak of 3.4 USD (set in 2018) to achieve a new ATH around 3.6 USD, increasing more than 20% in a day and 38% in a week. This spectacular rise has helped XRP surpass USDT, becoming the third largest coin by market capitalization with over 212.1 billion USD.

Reasons behind the strong comeback

The recovery of XRP is not only due to the overall positive trend of the market but also from a series of legal signals and ecosystem development #Ripple . After a partial legal victory against the SEC and Ripple withdrawing all appeals, the company has officially concluded the 4-year-long legal battle. CEO Brad Garlinghouse affirmed that Ripple will focus on "building a global value system – internet of value."

After the legal victory, Ripple quickly gained the right to operate as a national banking organization in the US and became the first crypto company to acquire an official brokerage firm. $XRP Ledger, Ripple's cross-border payment processing platform, has been adopted by over 100 major financial institutions. Ripple also launched its own stablecoin Ripple USD (RLUSD) at the end of 2024, achieving a capitalization of over 517 million USD in just 8 months. RLUSD is expected to benefit from the recently passed GENIUS Stablecoin bill by the US House of Representatives and is a strategic partner of BNY Mellon in its issuance.

Standard Chartered predicts XRP could reach 5.50 USD by the end of 2025 and approach 12.25 USD in the next 10 years, especially if another XRP spot ETF is approved in the US. #anhbacong