XRP Hits Record High Amid Surge in Crypto-Friendly U.S. Policy Moves

XRP soared to a new all-time high of $3.4721 on Thursday, surpassing its previous record of $3.40 set in early 2018, according to CoinGecko. The third-largest cryptocurrency by market capitalization jumped 14% over the past 24 hours, briefly topping $3.50 during late U.S. trading and pushing its market value above $200 billion, CoinDesk data shows.

The rally comes on the heels of growing optimism around crypto regulation in the United States. A report from the Financial Times revealed that President Donald Trump is preparing to sign an executive order allowing retirement accounts to invest in alternative assets, including cryptocurrencies—a move that could unlock a major new wave of institutional demand.

Adding to the momentum, the U.S. House of Representatives recently passed two landmark bills: the GENIUS Act, which provides a regulatory framework for stablecoins, and the CLARITY Act, aimed at establishing comprehensive rules for digital asset markets. Both pieces of legislation mark a sharp departure from previous regulatory uncertainty and are widely seen as pivotal steps toward mainstream adoption.

XRP’s breakout underscores renewed investor confidence in crypto assets amid favorable policy signals. With regulatory clarity improving and institutional access potentially widening, analysts say XRP could continue to benefit from tailwinds in the broader digital asset market.

Traders are watching closely to see if XRP can hold above the key $3.40 resistance level and enter a phase of sustained price discovery. The rally comes at a time when the broader crypto market is gaining strength, with Bitcoin and Ethereum also posting strong gains in recent sessions.

The convergence of bullish technical patterns and supportive U.S. policy shifts is positioning XRP as a potential leader in the next phase of the crypto bull cycle.