XRP News Today: XRP Hits New All-Time High $3.66 Amid GENIUS Act Passage

XRP, the cryptocurrency associated with Ripple, has recently achieved a significant milestone by hitting a new all-time high (ATH) of $3.66. This surge marks the first time XRP has surpassed its previous record of $3.40, which was set in 2017. The rally coincides with the passage of the GENIUS Act, which is set to be signed into law by President Trump. This legislation is expected to usher in a new era for stablecoins and institutional crypto investment, potentially driving further growth in the digital asset market.

The recent price surge of XRP has been fueled by a combination of factors, including regulatory developments and market sentiment. The GENIUS Act, which aims to create a federally regulated stablecoin system, is seen as a significant step forward for the cryptocurrency industry. Ripple's RLUSD is expected to serve as the underlying asset in this new financial architecture, which could further boost the value of XRP.

Market analysts and enthusiasts alike are optimistic about the future of XRP. Some believe that the cryptocurrency could continue to rise, with price targets ranging from $3.50 to $4.20 in the near term. Long-term forecasts suggest that XRP could reach $4.20 to $10 or more by 2030 if Ripple successfully capitalizes on payment adoption. The recent surge in open interest in XRP derivatives and the increase in derivatives trading volume also indicate rising expectations of more price volatility and potential upside.

The passage of the GENIUS Act has created a sense of excitement and anticipation within the crypto community. Many view this as a once-in-a-lifetime moment that could bring long-awaited financial freedom after years of market volatility. The House advanced three important crypto bills, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act, with the GENIUS Act passing with a vote of 308 to 122. While the broader crypto market still needs final approval from the Senate for the CLARITY Act, the passage of the stablecoin law alone creates significant opportunities for investment in the meantime.

With the price now above the previous high of $3.40, analysts are watching for possible moves toward $3.80, $4.33, and $4.72 in the short term. The intense price action has pushed XRP into focus across major trading platforms. Crypto analyst Javon Marks shared that XRP could still be on track for a move toward $10, using fractal patterns and Fibonacci extensions to support the longer-term outlook.

XRP’s market cap has crossed $215 billion at its peak, climbing from $185 billion the day before. This puts it firmly in third place, according to that metric. Over $23 billion in trading volume was recorded in the last 24 hours. Analysts noted steady buying on Coinbase and Kraken, with increased participation from retail investors. Some pointed to “unit bias,” where traders prefer assets that seem cheaper per unit.

XRP closed above the $3 level earlier in the week and has held above that line since. The RSI reading is now at 89, showing that the asset may be in overbought territory. Some traders may view this as a signal for a potential cooldown. However, the MACD indicator still shows upward momentum. The current chart setup points to possible continuation if buying pressure remains strong. Market participants are watching for volume shifts and price confirmation near key resistance zones.

Ripple CEO Brad Garlinghouse confirmed that the company has dropped its cross-appeal in the case with the SEC. The regulator has also withdrawn its appeal. This marks the close of a legal dispute that started more than four years ago.