XRP Surges 20% on US Stablecoin Regulation Green Light
2025-07-18 05:42:12
Main Idea
XRP prices surged nearly 20% in 24 hours, reaching an all-time high of $3.64, driven by the US House passing key crypto legislation and increased demand due to Ripple's stablecoin RLUSD.
Key Points
1. XRP prices rose almost 20% in 24 hours, hitting an all-time high of $3.64, with a 40% gain over the past week.
2. The surge was influenced by the US House passing the GENIUS Act, which focuses on stablecoins, though XRP itself is not a stablecoin.
3. Ripple's stablecoin RLUSD, running on the XRP Ledger, is expected to drive demand for XRP as it is used for transaction fees.
4. The total crypto market capitalization surpassed $4 trillion for the first time, with Ethereum and other altcoins like Dogecoin and Cardano also seeing significant gains.
5. Some debate exists over whether XRP's current price is a true all-time high, as it briefly spiked to $3.84 in January 2018 on some exchanges.
Description
XRP prices have pumped almost 20% over the past 24 hours, propelling the asset to an all-time high of $3.64, according to CoinGecko. The massive move has also pushed the cryptocurrency’s market capitalization to $214 billion, which is about the same size as fast food giant McDonald’s, cementing its place as the third-largest cryptocurrency. XRP has gained a whopping 40% over the past week, even outperforming Ethereum, which has also been on fire. SMASH THE REPOST BUTTON IF YOU ARE AN #XRP HOLDER...
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