The recent rise of XRP coincided with a broader increase in the cryptocurrency market, which began on July 9 after Bitcoin surpassed its May high of $112,000. Thursday's surge in XRP led to the liquidation of approximately $68.16 million in short positions, according to CoinGlass data. This market momentum was further bolstered by a series of legislative victories in the U.S. House of Representatives. Lawmakers passed the Clarity for Digital Assets Act (CLARITY), the Guidance and Establishment of National Innovation for U.S. Stablecoins Act (GENIUS), and the Anti-Digital State Surveillance Act, signaling positive developments for the cryptocurrency industry.$XRP $BTC $ETH

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