The crypto market was once again shocked by XRP's latest achievement, which today set a new all-time high (ATH) price of $3.65. This increase reflects a surge of over 70% in the last 30 days, reinforcing XRP's position as one of the most prominent digital assets this year. #AltcoinBreakout
Not only in the spot market, but activity in the XRP derivatives market also shows a significant surge. XRP's open interest has now reached $10 billion, the highest figure in the history of this token, indicating increased speculative and institutional interest in this asset.
Today's strong XRP rally was triggered by several key catalyst news:
The passage of the CLARITY and GENIUS Acts – These regulations provide legal certainty for digital assets like XRP, removing the uncertainty that has long overshadowed its legal status in the US.
Speculation about the launch of an XRP ETF by ProShares – News that ProShares will soon launch an XRP-based Exchange-Traded Fund (ETF) has significantly boosted market sentiment.
Analysts predict that the combination of pro-crypto regulatory factors and institutional investment products like ETFs will be the main fuel for XRP's medium-term rally.
