XRP News Today: Ripple Co-Founder Transfers $30M XRP as Price Hits New All-Time High of $3.65

Ripple co-founder Chris Larsen has made significant movements in the cryptocurrency market, transferring approximately $30 million worth of XRP to the Coinbase exchange. This transfer coincides with XRP reaching a new all-time high of $3.65, surpassing its previous peak of $3.40 in 2018. The market capitalization of XRP has surged to $202 billion, making it the third-largest cryptocurrency by value. This surge is attributed to a combination of market sentiment, strategic moves by Ripple, and regulatory developments.

Larsen’s latest transfers coincided with a nearly 6% rise in XRP’s price over the past 24 hours. On July 18, the altcoin shattered its previous all-time high of $3.40, set back in 2018, further energizing supporters and sparking renewed optimism about the token’s future prospects. At the time of writing, XRP is trading at $3.49, consolidating slightly below its fresh record. This upward momentum has fueled broader market interest, prompting new traders and institutional players alike to reassess the token’s potential as a leading digital asset.

The token’s rise came amid an overall surge in the crypto market, with total capitalization surpassing the $4 trillion mark for the first time ever. This historic rally was catalyzed by the recent approval of three key U.S. bills: the CLARITY Act, which establishes a clear structure for the digital asset sector; the Anti-CBDC Act, which opposes the issuance of a central bank digital currency by the Federal Reserve; and the GENIUS Act, which lays out new regulations for stablecoins. As a result, XRP is now the world’s third-largest crypto asset by market value, surpassing Tether (USDT). The altcoin’s capitalization sits at $202 billion, while USDT is now valued at $160 billion. These developments highlight both investor confidence in XRP’s ecosystem and the evolving landscape of digital asset regulation in the United States.

Ripple's regulatory progress is a key driver of XRP's momentum. The company has filed for a national trust bank charter with the OCC and a Federal Reserve master account. This move would allow Ripple to custody its RLUSD stablecoin reserves at the Federal Reserve and operate under federal supervision. CEO Brad Garlinghouse has described this as a new benchmark for transparency and mainstream integration. Several major companies have announced plans to add $421 million worth of XRP to their corporate treasuries. This growing institutional interest, coupled with Ripple's legal settlement roadmap and discussions with the SEC about pausing appeals, adds significant momentum to XRP's rally. The market is also optimistic about the potential launch of XRP spot ETFs, which could unlock substantial capital from institutional and wealth management channels. Similar to the flows seen in Bitcoin and Ethereum ETFs, XRP ETFs are expected to drive significant adoption if approved in the US.

From a technical perspective, XRP has broken key resistance zones and reclaimed a new all-time high. A recent analysis suggests that XRP is forming a classic ascending structure, with potential market cap targets of $250-$258 billion if the momentum continues. This new XRP all-time high and rally have broader implications for the cryptocurrency market. As one of the most widely used tokens in cross-border payments and smart contracts, XRP's strength could encourage other altcoins to deepen their regulatory integration. Experts believe that XRP’s rise could accelerate corporate adoption of blockchain-based solutions in various real-world applications, from payroll systems to institutional asset management.

In total, wallets attributed to Larsen have moved 106 million XRP since the beginning of the year, now worth an estimated $344 million. The moves come as XRP nears an all-time high of $3.40, and add to Larsen's substantial transfers to exchanges and external wallets since the start of the year. This new XRP all-time high of $3.64 is a significant milestone. It marks an inflection point for the token and Ripple itself, driven by a confluence of structural forces including a national bank charter application, stablecoin readiness, institutional treasury accumulation, and ETF hopes. The result is a surge in market value, liquidity, and relevance within the broader crypto ecosystem.