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XRP Hits All Time High Above $3.60 as Major Crypto Bills Clear House

2025-07-18 04:42:38

XRP Hits All Time High Above $3.60 as Major Crypto Bills Clear House

Main Idea

XRP surged to an all-time high above $3.60, driven by the passage of key crypto bills in the US House and the launch of the first US XRP futures ETF by ProShares, signaling growing institutional interest and regulatory clarity.

Key Points

1. XRP reached a historic peak of $3.64, up nearly 68% over the past month, fueled by the passage of the GENIUS Act and CLARITY Act in the US House.

2. ProShares launched the first US XRP futures ETF, enabling broader institutional participation in the XRP market.

3. Eleven major asset managers, including Franklin Templeton and Grayscale, have filed applications for XRP-linked investment products, indicating confidence in its long-term potential.

4. XRP open interest surged 25% to $4.6 billion in 24 hours, with derivatives market activity highlighting significant short position liquidations.

5. Market speculation suggests a potential spot XRP ETF approval by December 2025, with key dates in July 2025 for leveraged ETF proposals.

Description

XRP surged past a historic milestone on Friday, trading above $3.60 for the first time, after a wave of bullish developments reshaped the regulatory and market landscape for the Ripple-linked asset. The token peaked at $3.64, up nearly 68% over the past month, according to market data, as investors responded to a flurry of major catalysts. Chief among them was three key crypto bills passing in the US House of Representatives, including the long-awaited GENIUS Act and CLARITY Act, which aim to br...

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Altcoin News Market XRP
$BTC
$118950.2
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$ETH
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+4.29%
$XRP
$3.4643
+6.09%

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