In a powerful breakout, XRP price surged 22% within the last 24 hours, reaching a new all-time high of $3.66. This rally marks a historic milestone for Ripple’s native asset, fueled by regulatory clarity, rising institutional demand, and technical momentum. As bullish sentiment gripped the market, XRP’s market capitalization soared beyond $210 billion, placing it among the top-tier cryptocurrencies by value.
The rally coincided with the passage of major cryptocurrency bills in the United States House of Representatives, giving a clear signal that the regulatory environment for digital assets is maturing.
XRP Market Cap Sets New Record Amid Soaring Volume
XRP’s total market cap reached $216 billion, up 63% over the past month and 12% in just one day. Alongside this growth, daily trading volume more than doubled to $22.5 billion, signaling intense bullish momentum.
In the derivatives market, the XRP perpetuals and futures volume also saw an explosive increase, rising to $48.44 billion, with open interest hitting a record $10.98 billion. This uptick was accompanied by over $73 million in short liquidations, indicating aggressive buying pressure as traders were forced to exit losing positions.
Regulatory Progress and Ripple Developments Boost Confidence
Fueling the bullish narrative are three key pieces of crypto legislation passed in the U.S., including the GENIUS Act, which lays out a federal framework for stablecoins. This development aligns perfectly with Ripple’s RLUSD stablecoin ambitions, giving investors added confidence in Ripple’s long-term strategy.
Moreover, Ripple’s application for a U.S. banking license and its request for a Federal Reserve master account suggest plans for deep integration into the traditional financial system.
Institutional appetite is also growing. Companies like VivoPower and Webus plan to purchase $421 million in XRP for their corporate reserves—a move that may further solidify XRP’s position as a legitimate store of value.
Bullish Technical Pattern Targets $14
On the technical front, XRP has formed a bull pennant breakout pattern, with analysts suggesting a potential move toward $14 in the coming months. The MACD indicator has confirmed a bullish crossover, reinforcing the likelihood of continued upside.
Is XRP Entering a New Era?
With regulatory clarity improving, institutional interest rising, and strong technical indicators aligning, XRP may be entering a new growth phase. Whether or not it reaches $14, the current momentum indicates that XRP’s role in the global crypto economy is rapidly evolving.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.