XRP is gearing toward a new all-time high above $3.84 after soaring over 15% on Thursday to reach $3.65. This positive development cements XRP’s position as the third-largest cryptocurrency by market capitalization, now valued at over $211 billion, according to data from Coinmarketcap.
This latest rally is part of a broader surge across the crypto market, fueled by major legislative and corporate developments. Most notably, the U.S. Congress voted this week on three crypto-specific bills aimed at providing regulatory clarity, boosting market confidence.
XRP‘s momentum also saw it leapfrog Tether’s USDT in market cap, marking a significant shift in the crypto asset’s hierarchy.
Ripple’s legal wins and RLUSD stablecoin push strengthen XRP’s outlook
Ripple, the fintech company behind XRP, has played a central role in this rally. The crypto solutions company recently closed a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).
In 2023, Ripple secured a partial court victory when a judge ruled that the company had not violated securities laws in its XRP sales. Notably, the case was settled in early 2025, with Ripple agreeing to drop its appeal.
Since that legal breakthrough, Ripple has moved aggressively to expand its regulatory and institutional footprint. The company is pursuing a national bank charter and has become the first crypto-native firm to acquire a prime brokerage service—Hidden Road—in a $1.25 billion deal.
These moves show Ripple’s ambition to become a major player in traditional finance while leveraging blockchain’s speed and transparency.
Ripple could also benefit from the newly passed GENIUS stablecoin bill, which the U.S. House later approved on July 17. The bill is expected to be signed into law by President Donald Trump this week.
Moreover, Ripple has partnered with BNY Mellon to launch the RLUSD stablecoin, which now boasts a market capitalization exceeding $500 million.
Adding to the intrigue, Ripple co-founder Chris Larsen transferred nearly $30 million worth of XRP to Coinbase earlier this week. While it remains unclear whether these tokens were sold, the transaction has sparked speculation among market watchers.
With XRP trading at $3.56 at the time of writing and crypto regulatory clarity on the rise, investor confidence in the XRP ledger (XRPL) native token appears stronger than ever. Whether the rally sustains remains to be seen, but for now, XRP is flying high fueled by legal closure, institutional expansion, and favourable legislation that could reshape the crypto industry.
