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XRP has surged to an all-time high of $3.66, driven by significant US regulatory advancements and strong market momentum.
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The recent passage of key cryptocurrency bills in the US House has bolstered investor confidence, fueling XRP’s market capitalization beyond $200 billion.
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According to COINOTAG sources, technical indicators such as the MACD and RSI suggest XRP’s bullish trend may continue, with targets as high as $14.
XRP hits $3.66 amid US crypto legislation; market cap tops $200B as bullish momentum and ETF optimism drive investor enthusiasm.
XRP Market Cap Surpasses $200 Billion Following Regulatory Boost
The XRP market capitalization has experienced a remarkable surge, climbing over 12% within 24 hours and reaching a record $216 billion. This milestone coincides with the US House of Representatives passing three pivotal crypto bills, including the GENIUS Act, which aims to establish a federal regulatory framework for stablecoins. This legislative progress has not only enhanced XRP’s fundamental outlook but also increased trading volumes significantly, with daily volume doubling to $22.5 billion. The derivatives market has mirrored this enthusiasm, as open interest and trading volumes hit new highs, reflecting robust institutional participation and heightened market activity.
Regulatory Developments and Institutional Demand Propel XRP Forward
The recent legislative victories in the US House have created a favorable environment for XRP’s growth. The GENIUS Act’s focus on stablecoin regulation aligns closely with Ripple’s strategic ambitions, particularly its RLUSD stablecoin project. Additionally, Ripple’s recent application for a US banking license and a Federal Reserve master account signals its intent to deepen integration within the traditional financial system. Institutional interest is also surging, with companies like VivoPower and Webus committing over $400 million in XRP purchases for their corporate treasuries. This institutional demand, combined with growing speculation around a potential US spot XRP ETF approval, has further strengthened the bullish narrative surrounding XRP.
Technical Indicators Signal Continued Bullish Momentum for XRP
From a technical analysis perspective, XRP’s price action is supported by key momentum indicators. The Moving Average Convergence Divergence (MACD) has produced a bullish crossover on the weekly chart, a signal often interpreted as the beginning of a strong upward trend. Complementing this, the Relative Strength Index (RSI) remains well below historically overbought levels seen in previous market cycles, indicating that XRP’s rally still has substantial room to grow. The formation of a bull pennant pattern projects a potential price target of $14, suggesting a possible 305% increase from current levels. Market analysts and traders are increasingly optimistic, viewing these technical setups as confirmation of XRP’s ongoing price discovery phase.
Market Sentiment and Future Outlook for XRP Investors
Investor sentiment around XRP is overwhelmingly positive, fueled by a combination of regulatory clarity, institutional adoption, and strong technical signals. The successful passage of crypto legislation in the US House has alleviated some regulatory uncertainties, which historically weighed on XRP’s price. Meanwhile, the anticipation of an SEC decision on a spot XRP ETF adds another layer of optimism, with current data indicating an 85% probability of approval in 2025. This convergence of factors is attracting both retail and institutional investors, creating a dynamic market environment that could sustain XRP’s upward trajectory in the near term.
Conclusion
XRP’s recent price surge to $3.66 and its market cap surpassing $200 billion reflect a confluence of positive regulatory developments, institutional interest, and strong technical momentum. The passage of key crypto bills in the US House, alongside Ripple’s strategic moves within the financial ecosystem, have laid a solid foundation for continued growth. Technical indicators reinforce this bullish outlook, projecting significant upside potential. As XRP navigates this pivotal phase, investors should monitor regulatory updates and market signals closely to capitalize on emerging opportunities.
