XRP News Today: XRP Surges 20% as U.S. House Approves Crypto Bills

The cryptocurrency market has seen a significant boost in confidence, particularly surrounding XRP, as the chances of an XRP ETF approval have surged. According to measurements from platforms like Polymarket, the possibility of a full approval of an XRP ETF has climbed to 86%. This surge follows the successful launch of the ProShares Ultra XRP ETF, underscoring market optimism. The successful launch of the ProShares Ultra XRP ETF has bolstered the position of crypto asset-focused investment tools in the financial sector. This positive market atmosphere has played a vital role in raising the approval prospects for the XRP ETF. Experts view the introduction of such products as a sign of the industry’s maturation.

Data from Polymarket indicates that the increase in approval chances for the XRP ETF corresponds to a 15% rise recently. Previously hovering around 71%, the approval probability has significantly elevated with the latest developments. The greater-than-anticipated interest in ProShares’ ETF has boosted investors’ confidence in the sector. The heightened probability of XRP ETF approval has also made a noticeable impact on investor sentiment in the market. The proliferation of ETF tools to encompass more cryptocurrencies is considered a development that might offer investors an advantage in terms of portfolio diversification. Market observers report that these types of financial products are closely monitored by both individual and institutional investors. ETFs that provide ease of access to crypto assets can contribute to the broader distribution of risks and an increase in liquidity.

Some industry representatives regard the positive progress in the XRP ETF approval process as one of the indicators of the crypto market’s maturation. Furthermore, these developments are predicted to influence regulatory bodies’ approach toward the sector. ProShares officials state: “Our successful launch demonstrates the market’s demand for innovative ETFs.” Regulators are striving to ensure harmony between traditional finance and crypto assets during this process. The approval of new products can accelerate the integration between these two fields. Analysts emphasize that while the high probability rate published on Polymarket reflects the current optimism in the market, the final decision remains under the control of regulatory bodies. Therefore, investors are advised to closely monitor the process.

The latest developments highlight the increasing importance of regulatory frameworks in the crypto asset market. The rise in the approval likelihood of the XRP ETF strengthens the market’s interest in innovative financial instruments. For investors, such products appear to offer the potential to enhance portfolio diversification and liquidity. Relevant institutions and investors continue to closely watch industry developments as they await final decisions from regulatory bodies. The U.S. House of Representatives' approval of two key cryptocurrency bills: the GENIUS Act and the CLARITY Act. These legislative developments have sparked strong bullish sentiment around XRP, driving the token up by more than 20% in just 24 hours. The GENIUS Act proposes a clear legal path for digital assets, addressing a long-standing need for regulatory clarity in the cryptocurrency market. This move is seen as a landmark decision that could pave the way for broader acceptance and adoption of digital currencies. The CLARITY Act, on the other hand, aims to provide clearer guidelines for the regulation of cryptocurrencies, further enhancing investor confidence and market stability.

The surge in XRP’s price can be attributed to several key factors. Firstly, the U.S. House passing crypto-positive legislation is a significant development. The GENIUS Act, in particular, proposes a clear legal path for digital assets, something investors have long awaited. Secondly, the long-standing SEC vs. Ripple lawsuit appears to be resolved, with both parties reaching an agreement. This removes a significant barrier to XRP adoption and investor confidence. Additionally, speculation is mounting around a potential XRP ETF approval in the U.S., with market analysts placing over 85% odds of approval before year-end. Behind the scenes, major institutions are increasing their exposure to Ripple’s payment network, driving bullish fundamentals. Lastly, the retail crowd is re-entering the crypto market with full force, riding the wave of optimism across Bitcoin, Ethereum, and now XRP.

XRP’s bullish momentum follows the U.S. House’s passage of three landmark crypto bills, including the GENIUS and CLARITY Acts aimed at establishing a clear regulatory framework. The GENIUS Act now awaits President Trump’s signature, while the CLARITY Act heads to the nation’s Senate. Regulatory uncertainty has long plagued the crypto industry, but the GENIUS Act tackles this head-on by clearly defining which digital assets qualify as securities. This clarity removes a major barrier to innovation and boosts institutional confidence. On the other hand, the CLARITY Act draws a firm legal line between digital commodities like XRP and securities, limiting the United States Securities and Exchange’s sweeping discretion that fueled lawsuits like Ripple vs. SEC. It gives crypto firms clear compliance guidelines, reducing legal uncertainty.

XRP’s rise echoes a broader altcoin resurgence. Bitcoin recently hit a new ATH above $122K, while Ethereum, Solana, and others climbed in tandem, thanks to soaring institutional inflows and the launch of spot ETFs. Ripple’s recent launch of its RLUSD stablecoin also showcases its ongoing innovation and ecosystem depth. Therefore, XRP’s new ATH signals renewed confidence among whales, institutional backing, favorable regulation, and real-world utility. XRP’s on-chain adoption is achieving six-month highs, with surging numbers of new wallets and transactions. Ripple recently strategically partnered with Ctrl Alt to support Dubai Land Department’s tokenized real estate initiative, leveraging its XRPL EVM sidechain, which now hosts over 1,300 smart contracts and 160 tokens. Such real-world use cases position XRP as more than an altcoin, it's an infrastructure play.

XRP’s ascent to $3.65 represents more than a price milestone, it’s a reflection of regulatory clarity, growing institutional confidence, real-world application, and robust on-chain and technical dynamics. For now, XRP stands at a pivotal inflection point: breaking out into a new era or pausing to consolidate before its next leap. Analysts now project an 88% probability that a spot XRP ETF will be approved by the end of 2025. This optimism is bolstered by several key developments that have collectively driven investor sentiment and market dynamics.