XRP Breaks $3.60—GENIUS Act Fuels Stablecoin Confidence
🚀 XRP just shattered its previous all-time high, reaching $3.66 before settling near $3.44, marking its strongest rally in over eight years. The surge follows the U.S. Senate’s passage of the GENIUS Act, a landmark bill establishing federal rules for stablecoins.
📜 The GENIUS Act mandates:
- 1:1 reserve backing for all dollar-pegged stablecoins
- Monthly audits and full redemption rights
- Issuer transparency and liability protections
💬 Ripple CEO Brad Garlinghouse called the bill “historic,” noting it positions the U.S. as a leader in financial innovation.
Ripple’s RLUSD stablecoin is expected to play a key role in the new framework, while XRP remains central to cross-border liquidity.
📊 Key metrics:
- XRP price: $3.44 (ATH: $3.66)
- Market cap: $200B+
- Derivatives volume: $39.6B
- Open interest: $10.5B
- Whale accumulation: rising sharply
Why it matters:
✅ Stablecoin clarity boosts institutional confidence
✅ XRP’s role as a neutral bridge asset becomes more critical
✅ Ripple’s banking network spans 20+ countries and growing
🧠 Is XRP entering a new price discovery phase—and will it test $4.00 before the GENIUS Act is signed?
👇 Are you holding XRP or rotating into RLUSD for stablecoin exposure?
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XRP #GENIUSAct #StablecoinRegulation #CryptoLegislation #Ripple #RLUSD
