XRP Hits New All-Time High Amid U.S. Crypto Policy Shift and Ripple’s Expansion

XRP (Ripple) climbed overnight to a price of just over $3.60, surpassing its previous all-time high from 2018. The current success of Ripple and XRP has a lot to do with US politics.

Not everyone expected this: For more than half a decade, the Ripple cryptocurrency XRP had reached an all-time high of $3.40 in 2018, and for many, this mark seemed cemented forever. But since Donald Trump’s election victory last November, XRP has regained its momentum, and early this morning, the price curve surged to $3.65, marking a new all-time high. For the first time in Ripple’s history, XRP now has a market capitalization of over $200 billion – what makes this long-standing altcoin suddenly so valuable?

Ripple CEO Brad Garlinghouse already gave a hint via X last night as to why optimism is warranted. After much back and forth, the U.S. House of Representatives finally passed three groundbreaking legislative packages as part of a crypto week proclaimed by Trump. You can find our background information here. Ripple, with XRP and its still-young stablecoin RLUSD, will directly benefit from this realignment of U.S. policy. Garlinghouse now highlights the Genius Bills, which Trump plans to sign today.

Genius legislative package in the US good for Ripple, RLUSD and indirectly XRP

With Genius, stablecoins are being legalized and thus promoted in the US. Ripple launched its own stablecoin, RLUSD, shortly before Christmas, which is intended to play a central role in the XRP ecosystem.

With Genius and RLUSD behind it, Ripple can now even legitimately hope for a US banking license. The XRP crypto company is increasingly becoming a financial company with blockchain expertise, and the markets are welcoming this development.

Ripple in transition from crypto to financial company

They also note positively that Ripple is positioning itself early and promisingly in the trend toward tokenized RWAs with projects like Mercado Bitcoin.

Almost everything Ripple undertakes is ultimately organized via the XRPL network, where XRP is required as a means of payment for fees. Critics argue that this, as the primary application for XRP, does not justify its current highs – but on the other hand, the release of the EVM for XRP just this month also opened a door to decentralized finance (DeFi).

XRP on the rise since Donald Trump’s election victory

The current rally, however, began with the change of power in the White House. Donald Trump had already announced during the election campaign that he would make a U-turn on crypto compared to his predecessor, Joe Biden.

One of the first actions was the reshuffle at the top of the US Securities and Exchange Commission (SEC), with which Ripple had been engaged in a bitter legal battle over Ripple for years. At the end of June, this legal battle was peacefully settled, with an overall very positive outcome for Ripple. Brad Garlinghouse also boasts close ties to Trump, and in the US, Ripple and XRP are essentially equated.

Another key factor contributing to the positive outlook for XRP’s price development is that, according to experts, the Ripple cryptocurrency is about to debut as an ETF. So far, Bitcoin, Ethereum, and Solana are listed as ETFs on traditional exchanges in the US, with BTC setting record highs. XRP ETFs could soon turn the trio into a quartet – according to forecasts, XRP can then expect capital inflows of four to eight billion US dollars in one year.

Conclusion: XRP as strong as never before – but still consider Ripple with a differentiated approach

Legislation governing the crypto industry in the US is changing rapidly, as promised and initiated by Donald Trump. Ripple, headquartered in San Francisco, is thus experiencing free rein in its long-barred home market, as XRP and others are demonstrating.

After cashing in on XRP’s seemingly eternal all-time high, optimists are now setting the $4 mark as the next price target. Nevertheless, we recommend that you, as an investor, keep an eye on the areas in which XRP is actually intended to achieve sustainable success. And then there’s the fact that Ripple continues to control around 40 percent of all XRP—a situation that doesn’t necessarily speak in favor of the altcoin.

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(Featured image by WorldSpectrum via Pixabay)

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