- XRP hit a new all-time high of $3.66 and gained 40% in one week as Trump prepares to sign the GENIUS Act today.
- Trading volume surged 140% to $39.6 billion while open interest increased 18% to $10.5 billion.
- The legislation creates the first federally regulated stablecoin system with Ripple’s RLUSD as a key component.
XRP has reached a new all-time high of $3.66, surpassing its previous record of $3.40 from eight years ago. The cryptocurrency has gained nearly 40% in the past week alone, pushing its market capitalization above the $200 billion milestone.
The surge comes as President Trump prepares to sign the GENIUS Act into law on Friday, July 18, 2025. This legislation could fundamentally change how cryptocurrency is regulated in the United States.
GENIUS Act Set for Presidential Approval
The House has passed the GENIUS Act with a vote of 308 to 122, with more than 100 Democrats supporting the legislation. The bill now awaits President Trump’s signature, which is expected today.
The Guaranteed Nationally Issued US Stablecoin framework aims to create the first federally regulated stablecoin system. Ripple’s RLUSD is expected to be the underlying asset in this new financial architecture.
Crypto reporter Eleanor Terrett confirmed that President Trump is expected to sign the GENIUS Act into law today. This marks the beginning of what many call a new era for cryptocurrency regulation.
Open interest in XRP derivatives increased by 18% to over $10.5 billion. Derivatives trading volume has skyrocketed nearly 140% to $39.6 billion, highlighting rising expectations of continued price volatility.
Market analyst Zach Rector noted that XRP reached this milestone before the GENIUS Act was signed or an XRP ETF was approved. This suggests the current rally could be the beginning of a parabolic move.
Crypto experts believe it’s only a matter of time before XRP hits $4 or higher. Both institutional and retail investors are rushing to secure positions ahead of legislative clarity.
Broader Crypto Legislation Advances
The House has advanced three important crypto bills, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act. The GENIUS Act allows stablecoins like RLUSD to operate within a regulated framework.
The broader crypto market still needs final approval from the Senate for the CLARITY Act, which could take several months. However, analysts say the stablecoin law passage alone creates significant investment opportunities.
Beyond stablecoins, the law is set to trigger a rush of institutional capital into XRP and the broader digital asset market. The mood across crypto communities has turned electric as enthusiasts describe this as a once-in-a-lifetime moment.
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