After Seven Long Years, Ripple’s XRP Sets $3.65 All-Time High As Market Cap Smashes Through $200 Billion

Key Points

1. XRP climbed over 20% to reach a fresh lifetime high of $3.65, surpassing its previous record of $3.40 set in January 2018.

2. XRP's market capitalization soared to $215 billion, exceeding Tether's USDT cap of $160 billion.

3. Ripple has made institutional moves, including acquiring prime brokerage firm Hidden Road and applying for a U.S. banking license.

4. Ripple tapped BNY Mellon to custody reserve assets for its stablecoin RLUSD, which has a market cap exceeding $517 million.

5. The U.S. House passed the GENIUS Act, a landmark bill for stablecoins, now awaiting final approval.