XRP, currently ranked third in the world by market capitalisation, surpassed the $3.4 mark it reached in early 2018 to reach $3.52, now hitting a new record in international trading volume.
As reported by CoinGecko, the token increased alongside other alternative coins, outpacing many of them by rising 6.86% within a single day, lifting the total market capitalisation of the crypto market to $4 trillion.
Some traders mentioned new policies from the U.S. and recently passed legislation from the House as primary factors for the increase in value.
Regulatory News Spurs Rally
The price increase came after the Financial Times reported that President Donald Trump is planning to sign an executive order allowing retired people to invest in assets such as cryptocurrencies. That news gave optimism across the market.
Also, earlier today, on 18th July, the U.S. House passed three major bills, the GENIUS Act and the CLARITY Act, and the Anti-CBDC Act, designed to structure digital asset markets and stablecoins.
The measures aim to give clear rules on trading, custody services, and oversight.
XRP Price Actions
With XRP up by 6.86% in a single day, traders saw a chance to push the token to fresh levels. The global market cap for the token jumped to $200 billion as more investors piled into altcoins. Stablecoins and Bitcoin also gained ground, but XRP stole the spotlight by breaking its seven‑year‑old record.
XRP was created in 2012 alongside the XRP Ledger. It has long been used for cross-border and cross-currency payments.
Unlike many tokens, it has a track record of real‑world use. Ripple, the firm behind XRP, has signed up hundreds of financial institutions, from large banks to regional lenders.
Matt Kreiser, a research analyst at Messari, said the new high shows faith in Ripple’s focus on a compliant blockchain for big players.
He said that the surge validates Ripple’s work to win over regulators and banks. Kreiser added that a spot XRP ETF could further boost demand.
Technical Strength and Token Utility
XRP shares some traits with stablecoins, thanks to its fast settlement times and low fees. As more value moves on‑chain, XRP Ledger’s capacity to handle traffic could become a bigger draw.
Market observers note that token throughput and network throughput go hand in hand. A busy ledger can prove its worth to banks looking for efficient payment rails.
Traders now watch the Senate, where the bills await review. Approval could cement the positive mood and bring more clarity to the industry.
Meanwhile, investors hope for Trump’s signature on the executive order. If retirement funds gain crypto access, fresh capital could flow into tokens like XRP.
Also Read: Ripple CEO Brad Garlinghouse Calls Memecoins “Maybe Grossly, Overrated,” At The XRP Apex 2025