🚀 XRP Rockets 20% as US Gives Stablecoin Regulations the Green Light
The crypto market just got a jolt of adrenaline—XRP skyrocketed 20% in hours after US regulators finally stopped dragging their feet on stablecoin rules.
Regulatory domino effect
Market makers are piling in as the SEC's long-awaited framework gives institutional players the clarity they've been begging for since 2021. Suddenly that 'utility token' label doesn't look so speculative anymore.
Liquidity tsunami incoming
With the compliance fog lifting, ODL corridors are primed for explosive growth. Banks that spent years watching from the sidelines now face FOMO pressure to onboard before the next leg up.
Of course, Wall Street will find a way to take credit for the rally—probably through some overpriced 'digital asset innovation' ETF that underperforms the actual coin. Classic finance playbook.
Regulatory Green Light
The massive move has been driven by the US House passing key crypto regulations, which could open the doors for the industry if they’re signed into law.
“The signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins,” said Ripple CEO Brad Garlinghouse.
XRP is not a stablecoin, so it is not under the purview of the GENIUS Act, but Ripple, an American company, has launched its own such asset, RLUSD, which will be regulated.
A fully regulated stablecoin running on XRP Ledger will drive demand for XRP, which is used as fees for RLUSD transactions.
GENIUS Act XRP
Documented 3x. pic.twitter.com/3dyOqTX61s
— SMQKE (@SMQKEDQG) July 17, 2025
XRP investor Micah Paul suggested that it may not be a true ATH because the asset spiked to $3.84 on some exchanges in January 2018. However, most crypto analytics platforms had the previous peak price at around $3.40.
Additionally, gains in XRP and Ethereum have pushed the total crypto market capitalization above $4 trillion for the first time ever, according to CoinGecko. Other platforms such as CoinMarketCap and TradingView show it as a little lower, but all three were reporting record highs for the figure.
Other Altcoin Performers
XRP isn’t the only crypto asset surging today, though Bitcoin has been quiet. Ethereum prices have pumped 8% propelling the asset to a six-month high of $3,616 during the Friday morning Asian trading session. It has been another record inflow day for BlackRock’s ETHA spot Ether ETFs with $546.7 million in inflows and just over $600 million in total on Thursday.
Dogecoin was also doing well with a 13% climb to hit $0.235 at the time of writing, while Cardano cranked 15% to hit $0.86 during the morning session.
Other double-digit gainers today include chainlink up 14% to $18.70, Hedera up 24% to reach $0.28, Litecoin adding 12% to top $107, and Uniswap pumping 15% to reach $10.
