XRP Surges Over 12%, Exceeds $3.40 All-Time High

XRP has seen a remarkable increase of over 12%, rising above its previous all-time high of $3.40. Currently, the third-largest cryptocurrency is trading at $3.47. This surge is part of a broader rally in the cryptocurrency market, fueled by significant positive developments, including the recent congressional approval of three crypto-specific bills. Earlier this week, XRP surpassed Tether’s USDT to reclaim its position as the third-largest cryptocurrency, boasting a market capitalization exceeding $202 billion, according to data from The Block. Ripple, the company associated with XRP, celebrated a partial legal victory against the U.S. Securities and Exchange Commission (SEC) two years ago. Since then, Ripple has settled with the SEC and dropped its appeal. Following this legal win, which ruled that Ripple's sale of XRP tokens did not always breach securities laws, the company has been rapidly advancing. Recently, Ripple has pursued a national bank charter and has become the first crypto-native firm to acquire a prime brokerage. Furthermore, Ripple stands to gain from the U.S. House's recent vote to advance the GENIUS stablecoin bill, which is expected to be signed into law by President Donald Trump this week. Ripple has partnered with BNY Mellon for its RLUSD stablecoin, which has achieved a market cap exceeding $500 million. Earlier this week, Ripple co-founder and chairman Chris Larsen transferred nearly $30 million worth of XRP to Coinbase, though it remains unclear if he sold those tokens. Disclaimer: The Block is an independent media source providing news, analysis, and data. As of November 2023, Foresight Ventures has a majority stake in The Block and invests in various cryptocurrency companies. Bitget crypto exchange is an anchor LP for Foresight Ventures. The Block maintains its independence to provide objective and timely information about the crypto industry. Current financial disclosures are available. © 2025 The Block. All Rights Reserved. This article is for informational purposes only and does not constitute legal, tax, investment, or financial advice.