XRP price has reached an all-time high, surpassing the record set eight years ago. This price surge coincides with the submission of the GENIUS Act for President Trump's approval, indicating a potential shift in U.S. cryptocurrency regulation.
XRP breaks out of 8 years of stagnation and sets a new high.
XRP price reaches a new high of $3.66, surpassing the previous record of $3.40. Previously, XRP's market performance was strong. In just the past week, XRP surged nearly 40%, with a market capitalization exceeding $200 billion.
The recent momentum stems from changes in U.S. regulatory laws, particularly the new cryptocurrency bill passed by the House of Representatives. Additionally, President Trump is set to sign the GENIUS Act on Friday, July 18, 2025. This significant initiative could alter the future of digital assets.
Cryptocurrency experts now believe that XRP reaching $4 or higher is just a matter of time, especially as institutional and retail investors rush to secure positions before the legislation is clarified.
It is worth noting that, according to CoinGape, open contracts for XRP derivatives have increased by 18%, exceeding $10.5 billion, while derivative trading volume surged nearly 140%, reaching $39.6 billion. The surge in trading activity highlights expectations for increased price volatility and expanding upside potential.
Market commentator Zach Rector pointed out that XRP price had already reached this milestone even before the signing of the GENIUS Act or the approval of XRP ETFs. This suggests that this may just be the beginning of XRP's parabolic rebound.
President Trump is about to sign the GENIUS Act.
Cryptocurrency journalist Eleanor Terrett revealed that President Trump is expected to sign the GENIUS Act today. This marks the beginning of what many are calling a new era for cryptocurrency. Besides stablecoins, the bill is also expected to trigger institutional capital inflows into Ripple (XRP) and the broader digital asset market.
The GENIUS Act ('Guaranteeing National Issuance of U.S. Stablecoins') aims to create the first federally regulated stablecoin system. At its core, Ripple's RLUSD is expected to serve as the underlying asset for this new financial framework.
In the hours leading up to the signing of the agreement, the atmosphere in the cryptocurrency community has become lively. Online enthusiasts are calling it a once-in-a-lifetime moment that, after years of market turbulence, could bring the long-awaited financial freedom.
It is noteworthy that the House has advanced three important cryptocurrency bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act. The House passed the GENIUS Act with 308 votes in favor and 122 against, with over 100 Democrats supporting the bill. This will prepare for the signing ceremony with Trump.
The GENIUS Act allows stablecoins like RLUSD. However, the broader cryptocurrency market still requires final Senate approval (CLARITY Act), which may take several months. Nevertheless, analysts indicate that the passage of the stablecoin bill alone is enough to create significant opportunities for investors.
