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

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.