XRP Breaks Above $3.50, Setting New All-Time High on U.S. Policy Tailwinds and Market Momentum
XRP surged past its 2018 record on Thursday, reaching a new all-time high above $3.50, powered by renewed political and regulatory optimism in the U.S. and rising investor appetite for altcoins.
The token jumped over 14% in a single session, outperforming broader digital asset markets and driving its market capitalization beyond $200 billion. XRP now ranks as the third-largest crypto asset by market value, behind only Bitcoin and Ethereum.
Investor sentiment was boosted by a Financial Times report that Donald Trump’s campaign is preparing an executive order to allow U.S. retirement funds to gain direct exposure to cryptocurrencies—including XRP—if he wins in November. The move could dramatically increase demand by legitimizing digital assets within traditional retirement portfolios.
At the same time, momentum in Washington added fuel to the rally. Two major crypto-focused bills, the GENIUS Act and the CLARITY Act, advanced through congressional committees. Both proposals aim to provide long-awaited regulatory frameworks for digital assets and stablecoins, addressing long-standing institutional concerns.
XRP’s price breakout triggered a wave of trading activity across spot and derivatives markets, with open interest hitting a yearly high. Analysts now point to $3.60–$3.84 as the next resistance range, while short-term indicators suggest the rally could pause before the next leg up.
Despite potential near-term consolidation, market participants view this breakout as a turning point for XRP—one backed not just by price action, but by fundamental shifts in U.S. policy and regulation.
