XRP has surged to $3.66, propelling its market capitalization above $200 billion following significant regulatory progress in the United States. The 12% 24-hour rally pushed XRP’s valuation to $216 billion, coinciding with the US House passing key cryptocurrency bills including the Generating Renewed Opportunities and Overcoming Limitations (GENIUS) Act.
The GENIUS Act establishes federal regulatory oversight for stablecoins, creating alignment with Ripple’s RLUSD project and boosting institutional confidence. This regulatory clarity has amplified positive market sentiment surrounding XRP, with analysts noting fundamental improvements in its investment thesis.
Technical analysis indicates substantial upside potential remains, with the Relative Strength Index suggesting room for growth toward a $14 price target (representing 305% upside). Investor optimism further strengthened following increased market expectations of spot XRP ETF approval, currently estimated at 85% probability.
Ripple’s strategic initiatives, including its application for a US banking charter and rising institutional demand, continue to contribute to XRP’s bullish momentum as market participants anticipate further regulatory developments.