The price of XRP reached a new high of $3.66, surpassing its previous all-time high of $3.40. This comes after its recent strong performance in the market. Just in the last week, XRP surged nearly 40%, breaking the $200 billion market capitalization barrier.
The recent momentum is due to changes in regulation in the U.S., especially the new cryptocurrency bills passed by the House of Representatives. Additionally, President Trump will enact the GENIUS Act on Friday, July 18, 2025. This significant measure could change the future of digital assets.
Cryptocurrency experts now believe it is only a matter of time before XRP reaches $4 or more, especially as institutional and retail investors rush to secure positions ahead of legislative clarity.
It is also noteworthy that open interest in XRP derivatives increased by 18%, surpassing $10.5 billion, while the trading volume of derivatives skyrocketed nearly 140%, reaching $39.6 billion. This increase in activity highlights growing expectations of greater volatility and bullish potential in prices.
Market commentator Zach Rector noted that XRP reached this milestone even before the signing of the GENIUS Act or the approval of an XRP ETF. This suggests that it could just be the beginning of a parabolic rally for XRP.