In the past 24 hours, XRP’s value has soared nearly 20%, reaching a record high of $3.64 according to CoinGecko data.
This significant increase has elevated the cryptocurrency’s market value to $214 billion, rivaling that of fast-food leader McDonald’s, and securing its position as the third-largest digital currency.
Over the last week, XRP has surged by an impressive 40%, outpacing Ethereum, which has also experienced notable gains.
HIT THE REPOST BUTTON IF YOU’RE AN #XRP INVESTOR! pic.twitter.com/gPEFRFCmay
— JackTheRippler © (@RippleXrpie) July 18, 2025
Regulatory Approval Boost
The significant rise is attributed to the U.S. House passing major cryptocurrency regulations, potentially paving the way for the sector if enacted into law.
“The passage of the GENIUS Act fortifies the United States’ lead in pioneering financial technology, particularly stablecoins,” commented Ripple CEO Brad Garlinghouse.
While XRP itself is not a stablecoin and is not governed by the GENIUS Act, Ripple, an American firm, has introduced its own stablecoin, RLUSD, which will be subject to regulation.
The introduction of a fully regulated stablecoin on the XRP Ledger is expected to increase demand for XRP, which is required for RLUSD transaction fees.
GENIUS Act XRP
Documented 3x. pic.twitter.com/3dyOqTX61s
— SMQKE (@SMQKEDQG) July 17, 2025
Investor Micah Paul noted that this might not be a genuine all-time high since XRP reached $3.84 on some platforms in January 2018, though most crypto analytics sites recorded the previous peak around $3.40.
Moreover, the gains in XRP and Ethereum have propelled the total cryptocurrency market value beyond $4 trillion for the first time, CoinGecko reports. Other platforms like CoinMarketCap and TradingView indicate a slightly lower figure, but all confirm record highs.
Other Leading Altcoins
While Bitcoin remains stable, XRP isn’t the only cryptocurrency experiencing a surge. Ethereum’s price has risen by 8%, hitting a six-month peak of $3,616 during Friday morning’s Asian trading session, marking another record inflow day for BlackRock’s ETHA spot Ether ETFs, with $546.7 million in inflows and over $600 million in total on Thursday.
Dogecoin also saw a 13% increase, reaching $0.235, while Cardano surged 15% to $0.86 in the morning session.
Additional cryptocurrencies experiencing double-digit increases include Chainlink, up 14% to $18.70, Hedera, up 24% to $0.28, Litecoin, gaining 12% to surpass $107, and Uniswap, rising 15% to $10.
The article “XRP Jumps 20% Following U.S. Approval of Stablecoin Regulations” originally appeared on CryptoPotato.
