$XRP has officially entered uncharted territory, breaking above $3.60 for the first time in history. The move comes amid sweeping regulatory progress in the U.S. and surging institutional demand, pushing the Ripple-linked token into the spotlight.
According to market data, $XRP peaked at $3.64, marking a 68% gain over the past month. The rally reflects growing confidence among both retail and institutional investors as pivotal developments unfold across the crypto ecosystem.
🏛️ U.S. House Passes Landmark Crypto Bills
A significant tailwind for $XRP came from Capitol Hill this week, where the U.S. House of Representatives passed three major crypto-related bills — including the much-anticipated GENIUS Act and CLARITY Act. These measures aim to bring legal certainty to the treatment of digital assets and provide clear regulatory frameworks for token classification and stablecoin issuance.
📈 Institutional Interest Heats Up With ETF Launch
In tandem with regulatory breakthroughs, institutional demand is ramping up. On the same day as XRP’s rally, ProShares announced the launch of the first U.S.-based XRP futures ETF, unlocking access for traditional investors. This milestone marks a turning point in XRP’s mainstream adoption.
In response, eleven heavyweight asset managers — including Franklin Templeton, Grayscale, Bitwise, and 21Shares — have filed applications for XRP investment products. These filings reinforce a rising institutional appetite and growing belief in XRP’s long-term value proposition.
⚖️ Ripple Case Resolution May Be Near
On the legal front, signs point to a potential resolution in the high-profile SEC v. Ripple lawsuit. Sources suggest the U.S. Securities and Exchange Commission may drop its appeal, which would affirm the landmark 2023 ruling that XRP is not a security when sold to retail investors.
This could remove one of XRP's biggest overhangs. Prediction markets like Polymarket currently assign an 88% probability that a spot XRP ETF will be approved by December 2025.
📊 Derivatives Activity Surges: $4.6B in Open Interest
XRP’s price action has been accompanied by explosive growth in derivatives trading. Coinalyze data shows XRP open interest has surged 25% to $4.6 billion in just 24 hours, with nearly all concentrated in perpetual futures contracts.
Binance leads the market with $1.8 billion in open interest
Bybit follows with $1.6 billion
Additionally, XRP-related liquidations have skyrocketed to $88.54 million, overtaking Bitcoin and second only to Ethereum. The majority of liquidations came from short positions, indicating that many traders were caught on the wrong side of the breakout.
In total, 153,000 traders were liquidated in the past 24 hours, with $577 million in total losses across the market.
📉 From Uncertainty to Legitimacy: A New Era for XRP
After years of regulatory setbacks and legal uncertainty, XRP appears to be turning a major corner. With legislative clarity, ETF momentum, and institutional inflows, analysts now see a path toward $4 and beyond in the near term.
Whale accumulation is also strengthening the rally, confirming that smart money is entering the space.
> Bottom Line: XRP's latest surge isn't just another price pump — it's a shift in narrative. From a token under legal fire to a regulated asset with growing institutional demand, XRP is now poised for long-term growth.
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