 
 
Ripple’s native token XRP has broken its all-time high, reaching $3.65 after the U.S House of Representatives passed two major crypto-focused legislative bills — the GENIUS Act and the CLARITY Act.
XRP price reached a new peak of $3.65, surpassing its previous all-time high of $3.40. This follows its recent strong performance in the market. In the past week alone, XRP has surged nearly 40%, surpassing the $200 billion market cap milestone.
The two bills, passed with bipartisan support, are widely regarded as regulatory breakthroughs for digital assets in the United States.
The GENIUS Act, short for framework, aims to create the first federally regulated stablecoin system. At its heart, Ripple’s RLUSD is expected to serve as the underlying asset in this new financial architecture.
Crypto Legal Advancement for Regulatory Transparency and Innovation Yearning (CLARITY) Act focuses on improving disclosures, licensing, and consumer protection for digital asset firms.
 
Analysts say the passage of these acts reduces regulatory ambiguity — particularly for XRP — which has long been entangled in a legal dispute with the U.S. Securities and Exchange Commission (SEC).
Although the Ripple v. SEC case continues, Congress’s legislative action is seen as a significant boost to Ripple’s arguments that XRP is not a security.
It is also worth noting that open interest in XRP derivatives increased by 18% to over $10.5 billion, while derivatives trading volume has skyrocketed nearly 140% to $39.6 billion, as reported by CoinGape.
Crypto experts now believe it’s only a matter of time before the XRP price hits $5 or higher, especially as institutional and retail investors rush to secure positions ahead of legislative clarity.
While XRP’s breakout is fueled by legislative clarity and renewed investor confidence, market observers warn that volatility could persist as traders absorb the broader implications of the new regulatory framework.
For now, XRP has reclaimed its position as a key altcoin to watch. Whether the momentum sustains depends on how regulatory agencies interpret and implement the GENIUS and CLARITY Acts — and how Ripple’s ongoing legal proceedings evolve.
Source: https://zycrypto.com/ripples-xrp-3-65-milestone-congressional-approval-of-crypto-bills-sparks-all-time-high-breakout/