XRP News Today: XRP Surges 36% to New All-Time High of $3.55 Amid Altcoin Resurgence

Ripple’s XRP surged to a new all-time high of $3.55 on July 17, climbing more than 36% over the past week and over 13% over the past 24 hours. This rally marked XRP’s first break above its 2018 peak and came amid a broader altcoin resurgence. The surge in XRP’s value is part of a wider altcoin rally, with Ethereum (ETH) climbing 21% over the past week and Solana (SOL) climbing 8% during the same period. This resurgence is fueled by growing adoption of blockchain infrastructure and renewed investor confidence in digital assets.

Ripple Labs, the company behind XRP, has been expanding its institutional footprint, securing partnerships with hundreds of banks and financial institutions globally. These institutions are increasingly integrating the XRP Ledger to enable faster and cheaper cross-border payments and to tokenize real-world assets (RWA). Ripple’s USD-backed stablecoin, RLUSD, has reached $517 million in market value within eight months of launch. Analysts expect a potential spot XRP ETF listing in the U.S. could further catalyze demand for the asset.

The resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission, with both parties dropping appeals, has removed a major regulatory overhang. This has positioned XRP as a blockchain solution tailored for compliance-focused institutions. With regulatory clarity improving and institutional use cases gaining momentum, the breakout is seen as a validation of Ripple’s long-term strategy. XRP’s all-time high reflects investor belief in Ripple’s vision of building an “internet of value,” where financial institutions can move assets seamlessly across borders.

XRP now trails only Bitcoin (BTC) and Ethereum in total market capitalization and currently sits at a little over $205 billion. This signals a potential reordering of the crypto landscape as regulated utility tokens gain ground. The outlook for XRP remains bullish, with the asset’s recent performance indicating strong investor confidence and a growing institutional interest in its utility and potential for future growth.