- XRP hits new high; U.S. regulations spur growth.
- Institutional and whale activities increase dramatically.
- No official GENIUS Act involvement in XRP rally.
XRP hit a new all-time high of $3.66, influenced by supportive U.S. regulatory actions and the introduction of an XRP-linked ETF. No verified reports connect this surge to any official act signed by Donald Trump.
XRP’s ascent to a record high highlights ongoing U.S. regulatory developments and increased ETF activity, reshaping market dynamics. This points to broader cryptocurrency acceptance and investment diversification.
The cryptocurrency XRP reached a high of $3.66, surpassing its previous 2018 record. This development comes as the U.S. regulatory climate shows support, with a new XRP-linked exchange-traded fund contributing to this momentum.
Major legislative actions favoring digital assets have been pointed to as the primary tailwind, with no explicit mention of a GENIUS Act or direct White House action in primary documentation.
No primary-source statements confirm claims of a Trump-signed GENIUS Act affecting the rally. Rather, supportive regulatory legislation in the House anchors XRP’s rise, with heightened activities from whales and institutional investors noted.
The rally saw XRP’s daily spot volume reach $22.5 billion, while derivatives volume hit $48.4 billion. Simultaneously, institutional interest surged with XRP futures recording a new open interest high. This reflects an aggressive approach by major traders.
Financially, the introduction of the XRP-linked ETF added liquidity and expanded accessibility for mainstream investors. This represents a significant move towards broader adoption among institutional entities and could impact the market further.
Continued regulatory support and heightened financial activities signal potential long-term effects. Historically, regulatory actions have bolstered crypto markets, suggesting XRP’s trend could inspire further institutional investments and technological integrations.
