XRP Surges Toward $4 as GENIUS Act Passes: The Crypto to Watch Now
XRP bulls are back in charge as the token flirts with local highs—just as Washington hands the industry a regulatory win. The House's GENIUS Act approval sparks fresh momentum, but can Ripple's darling really 10x from here?
Legislative tailwinds meet technical breakout
The crypto old guard just got a surprise adrenaline shot. With the GENIUS Act clearing its first major hurdle, regulatory clarity suddenly looks less like a pipe dream. XRP's 15% weekly surge suggests traders are betting big on Congress finally getting its act together.
$4 or bust? Chartists see a path
That ascending channel on the daily chart isn't lying—XRP's flirting with levels not seen since the SEC lawsuit frenzy. A clean break above $0.75 could open the floodgates toward that magical $4 price target true believers won't shut up about. Just don't remind them that would require a market cap surpassing some small countries' GDP.
Meanwhile in reality...
Let's not pop the champagne just yet. The Senate still gets its turn to water down the bill, and XRP's liquidity profile still looks like a meme coin wearing a suit. But hey—in a market where 'fundamentals' means whatever narrative pumps your bags hardest, maybe this time really is different. (Spoiler: It never is.)
Meanwhile, open interest in XRP futures has hit a record of $10 billion today as well while CME Group futures for this token also booked their best day since they came out as open interest surged to nearly $500 million.
Yesterday, the U.S. House of Representatives passed the historic Genius Act – a crypto bill that will regulate how stablecoins are offered within the country.
President Donald TRUMP now has to sign the bill so it can take effect, and top regulatory agencies like the Securities and Exchange Commission (SEC) will now have to abide by these regulations and treat crypto companies more fairly than they have in previous years.
Launch of UXRP Paves the Way for a Spot XRP ETF
XRP also benefited from the launch of the first exchange-traded fund (ETF) in the United States for this token – the ProShares Ultra XRP ETF (UXRP).
This ETF charges a 1.67% expense ratio and offers twice the daily returns generated by XRP. It is a Leveraged product that would provide both retail and institutional investors with augmented exposure to the token at a relatively low cost.
A spot ETF for XRP has not been launched yet. Analysts agree that once it does, trading volumes and institutional interest for Ripple’s native asset should explode.
The daily chart for XRP shows that the price has broken above the $3.4 level decisively in a MOVE that was accompanied by above-average trading volumes.
The token reached an intraday high of $3.6662 and has managed to stay above the $3.4 mark throughout the entire session.
Trading volumes today have already exceeded the average as well, emphasizing the relevance of these price levels for market participants.
If the $3.4 level holds during the session,as bullish momentum following the approval of the Genius Act may continue to play in favor of this token’s uptrend.
The Relative Strength Index (RSI) has reached extreme levels as a result of this jump at 86. This increases the odds of a strong pullback. Both the short-term and long-term exponential moving averages (EMAs) are on an uptrend and are due for a breather.
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The post Best Crypto to Buy: XRP Nears Local High As House Passes Genius Act – Will It Hit $4? appeared first on icobench.com.
