XRP News Today: XRP Surges 100% to $3.65 on US Crypto Legislation

Ripple’s native token, XRP, has achieved a significant milestone by breaking its all-time high, reaching $3.65. This surge follows the U.S. House of Representatives' passage of two major crypto-focused legislative bills: the GENIUS Act and the CLARITY Act. The GENIUS Act, which stands for framework, aims to establish the first federally regulated stablecoin system, with Ripple’s RLUSD expected to serve as the underlying asset. The CLARITY Act, on the other hand, focuses on enhancing disclosures, licensing, and consumer protection for digital asset firms.

These legislative actions are seen as regulatory breakthroughs for digital assets in the United States, reducing regulatory ambiguity, particularly for XRP, which has been involved in a legal dispute with the U.S. Securities and Exchange Commission (SEC). Although the Ripple v. SEC case is ongoing, Congress’s legislative action is viewed as a significant boost to Ripple’s arguments that XRP is not a security. Analysts believe that it is only a matter of time before the XRP price hits $5 or higher, as institutional and retail investors rush to secure positions ahead of legislative clarity.

While the breakout of XRP is driven by legislative clarity and renewed investor confidence, market observers caution that volatility could persist as traders absorb the broader implications of the new regulatory framework. The momentum of XRP depends on how regulatory agencies interpret and implement the GENIUS and CLARITY Acts, as well as the evolution of Ripple’s ongoing legal proceedings. For now, XRP has reclaimed its position as a key altcoin to watch.