Ripple’s XRP $3.65 Milestone: Congressional Approval of Crypto Bills Sparks All-Time High Breakout

Key Points

1. XRP price surged to $3.65, surpassing its previous all-time high of $3.40, following the passage of the GENIUS Act and CLARITY Act.

2. The GENIUS Act aims to establish a federally regulated stablecoin system, while the CLARITY Act focuses on improving disclosures, licensing, and consumer security in the crypto market.

3. XRP derivatives open interest increased by 18% to over $10.5 billion, and trading volume rose nearly 140% to $39.6 billion.

4. The legislative progress has reduced regulatory uncertainty for XRP, which has been involved in a long-standing legal dispute with the SEC.

5. Crypto experts believe XRP's price surge is driven by anticipation of regulatory clarity, positioning it as a key altcoin to watch.