Key dealers
- XRP reached a new maximum time of $ 3.5 and its market value exceeded $ 200 billion.
- The increase in XRP’s price was driven by US legislative progress in crypto and expected regulatory developments.
XRP increased by 14% over the past 24 hours to reach a new record high of over $ 3.5, and pushed its market value to $ 206 billion and reinforces its position as the third largest crypto asset, according to Cooiestecko data.
The digital asset has exceeded Bitcoin over the past week and climbed more than 35% while Bitcoin got about 3%.
Why is XRP up today? Genius Act passes, Trump Eyes Crypto 401 (K) p
Genius acts to become law
The price collection follows the passage of the brilliant Stablecoin bill in the US house and a report that President Trump plans to issue an executive order that allows crypto assets and other alternative investments in the $ 9 trillion investment.
XRP began its upward movement on Wednesday as The house adopted a resolution To set conditions for debate on three crypto counts-genius, clarity and anti-CBDC documents. The token pressed over $ 3 after the rule was adopted.
Momentum accelerated on Thursday as The house approved Genius Actwhich is particularly relevant to Ripples Stablecoin ambitions. The legislation establishes a federal regulations for payment of Stablecoins, which requires full reserve support, regular audits and licensed issue.
Ripple has already placed Rlusd to meet these requirements, including applying for a National Trust Bank CharterSeeking a Fed Master account and Secure Bny Mellon as a qualified guardian for reserves.
With the brilliant law that will become law, the regulatory clarity that it provides to speed up the adoption of Rlusd is expected, which potentially gives Ripple a first moving advantage in the regulated Stablecoin sector.
Trump -Eyes that open the US Pension Market for Crypto
Shortly after the Chamber was adopted Genius Act, along with clarity and anti-CBDC bills, the Financial Times reported that President Trump is considering signing an executive order this week Open $ 9 trillion US retirement marketIncluding 401 (K) plans, to crypto assets, gold, private equity and other alternative investments.
According to the report, the executive order would instruct regulatory authorities to identify and remove obstacles that currently prevent these asset classes from being included in professionally managed pension portfolios.
The news led to a wide rally over crypto markets. Bitcoin lined close to $ 121,000, Ethereum recovered $ 3,500 and XRP broke over $ 3.4.
XRP traded close to $ 3.5 at the time of reporting.
What is the next for XRP?
All eyes are on the prolonged Sec v. Ripple case, which is approaching full resolution. Both parties are expected to withdraw their appeals for the case to be completely resolved.
Ripple CEO Brad Garlinghouse recently confirmed that the company is planning to Drop their intersection To get the legal struggle in the end and shift focus on implementation and growth.
Industry observers also keep track of the potential approval of US-listed Spot Altcoin ETFs, including those bound to XRP.
Just as Spot Bitcoin ETFs have unlocked institutional billion dollars, an XRP ETF may attract interest from wealth managers, pension funds and registered investment advisors (RIA), when regulatory barriers fall.
