XRP Breaks All-Time High, Surges Past $3.66 as Ripple Rides Regulatory Wins and Stablecoin Momentum

XRP has shattered its previous all-time high, climbing more than 14% on Thursday to reach $3.66 — a level not seen since its 2018 peak. The rally marks a defining moment for the third-largest cryptocurrency, which recently overtook Tether’s USDT by market capitalization, now exceeding $202 billion.

The surge comes amid a broader crypto market upswing, fueled by a string of bullish developments, including the U.S. House’s passage of three key crypto bills — among them, the GENIUS Act focused on stablecoin regulation. That legislative clarity appears to be benefitting Ripple, the company behind XRP, which has aggressively expanded its footprint since resolving its long-standing battle with the U.S. Securities and Exchange Commission.

Ripple’s legal win — a partial 2023 court ruling that found XRP sales were not universally securities violations — has catalyzed the company’s strategic pivot. In recent months, Ripple has applied for a national banking charter and completed the acquisition of a prime brokerage firm, making it the first crypto-native company to do so.

Ripple is also gaining traction in the stablecoin sector through its RLUSD token, developed in partnership with BNY Mellon. The token has quickly amassed a market cap of over $500 million and could benefit even more if President Trump signs the GENIUS Act into law this week.

Adding intrigue to the mix, Ripple co-founder Chris Larsen recently moved nearly $30 million worth of XRP to Coinbase, though it's unclear whether any of those tokens were sold.

With momentum on its side and key regulatory tailwinds blowing, XRP’s breakout appears to be more than a speculative spike — it may be the start of a new chapter in Ripple’s ascendancy.