XRP hits all-time high, overtakes USDT in market cap
XRP hits new ATH, passes $3.41 amid ETF, law optimism.
The global crypto market cap has exceeded $4 trillion. At the same time, XRP has hit a new all-time high, breaking a seven-year record.
On Thursday, XRP surged past its previous high of $3.40—set in January 2018—climbing to $3.65 and rising over 36% in a week, according to data from CoinGecko. The rally has propelled XRP past USDT (Tether) to become the third-largest digital asset by market cap, valued above $200 billion.
The breakout aligns with rising momentum in the broader altcoin market and growing investor anticipation around the GENIUS Act, a U.S. crypto regulation bill that President Donald Trump is set to sign into law on Friday, July 18.
Key takeaways
- XRP hit a new ATH at $3.65, surpassing its 2018 peak and gaining 36% over the past 7 days.
- XRP overtakes USDT to rank third by market cap, now valued at over $200 billion.
- Regulatory clarity is in sight with the GENIUS Act, boosting investor confidence.
- Analysts predict XRP could reach $4.10–$4.50, possibly even $7, if momentum continues.
- Derivatives trading volume spiked 140% to $39.6 billion, with open interest up 18%.
Momentum fueled by regulatory shifts and technical breakout
Analysts point to XRP’s break above the $3 resistance—a critical level tested multiple times in early 2025—as a key technical signal. Lark Davis notes that this zone had acted as both support and resistance, and the breakout indicates potential for a parabolic rally.
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The surge also comes amid anticipation of the GENIUS Act, which would introduce a federal framework for stablecoins and digital assets, bringing long-awaited regulatory clarity. President Trump is expected to sign the GENIUS Act into law today.
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Institutional interest builds ahead of ETF hopes
Analyst Zach Rector noted the significance of this milestone being reached before any XRP ETF approval or final GENIUS Act implementation—signaling untapped upside.
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XRP price dynamics. Source: TradingView
Meanwhile, XRP’s derivatives market is booming, with open interest rising to $10.5 billion, suggesting growing institutional exposure and volatility expectations.
With key regulatory developments on the horizon and market enthusiasm rising, XRP’s breakout marks a potentially transformative moment. Analysts are now watching whether XRP can hold above the $3 mark and continue its climb toward $4.50 or beyond—a move that could redefine its role in the evolving digital asset landscape.
We were also informed earlier that Ripple founder moves $26M XRP to Coinbase as price surges.
