XRP hits all-time high after 7 years as market cap tops $210B
The post XRP hits all-time high after 7 years as market cap tops $210B appeared on BitcoinEthereumNews.com.
XRP has surged to a new all-time high, breaking a seven-year record as momentum builds across the altcoin market. On Friday, July 18, the token reached a new record high of $3.64, above its previous high of $3.40, set in January 2018. According to crypto.news price tracker, XRP (XRP) is trading at $3.59 as of press time, up 18% in the last day and 40% in the last week. Following the latest surge, XRP’s market value has risen to $212 billion, making it the third-largest cryptocurrency by market capitalization, outpacing Tether (USDT). Its market capitalization has increased by 65% in the last month alone as investor interest in the token grows. There has also been a notable increase in trading activity. The spot trading volume of XRP increased by 135.5% over the last day to $19.05 billion. Derivatives markets followed suit. Futures trading volume surged 162.6% to $46.65 billion and open interest has risen 27% to $11.11 billion, according to Coinglass data. The rise in derivatives activity points to growing speculation and increased positioning among traders. Several factors appear to be fueling XRP’s rise. One major driver is Ripple’s recent push into regulated finance. Ripple and Circle (USDC) applied for a U.S. National Trust Bank charter at the beginning of July. If accepted, the move would bring Ripple under federal oversight and position it closer to the U.S. financial system. At the same time, Ripple is preparing its stablecoin RLUSD for broader use, in line with emerging U.S. regulation. Momentum picked up sharply after the House passed the GENIUS Act on July 17, a bill that sets clear rules for stablecoin issuance. The legislation mandates full reserve backing, regular audits, and licensing requirements, criteria that Ripple has already moved to meet with RLUSD. The company is seeking a Fed master…
Filed under: News - @ July 18, 2025 6:28 am