XRP Price Surge: A New All-Time High Amid Regulatory Progress
The XRP price surged 22% to reach a new all-time high of $3.66, as its market capitalization surpassed $210 billion for the first time. This rally reflects growing confidence in XRP, driven by regulatory clarity and strong technical indicators.
Regulatory Tailwinds Fuel XRP Rally
Three key cryptocurrency bills, including the GENIUS Act, recently passed the US House of Representatives. These bills establish a federal framework for stablecoins, aligning with Ripple‘s RLUSD stablecoin plans. This regulatory progress has significantly boosted XRP‘s price momentum.
Technical Indicators Signal Further Growth
Technical analysis reveals bullish signals for XRP, including a bullish MACD crossover and a weekly bull pennant pattern. Analysts project potential upside to $14, citing strong institutional demand and favorable market conditions.
Growing Institutional Interest
Major corporations like VivoPower and Webus announced plans to acquire $421 million worth of XRP for corporate treasuries. Market data from Polymarket shows 85% odds for US approval of a spot XRP ETF, further fueling optimism.
Expert Perspectives
“The bullish MACD crossover suggests significant upside potential,” noted Mikybull Crypto. Analyst CryptoHado added, “We’re in uncharted territory with XRP’s price discovery.”
Future Outlook
With Ripple nearing resolution of its SEC lawsuit and continued regulatory advancements, XRP appears well-positioned for sustained growth. Market participants remain bullish about its long-term prospects.
