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The post Ripple’s XRP Breaks 2018 Record After Trump’s Historic Crypto Law appeared first on Coinpedia Fintech News
Ripple Labs CEO Brad Garlinghouse called it a “historic day for crypto” as XRP surged to a new all-time high of $3.65, finally surpassing its January 2018 peak. The rally came shortly after U.S. President Donald Trump signed the Genius Act into law, a move that could reshape the regulatory landscape for the $250 billion stablecoin market.
Ripple Applauds White House Milestone
Garlinghouse shared his reaction in a post on X, reposting images from the White House where Ripple’s Chief Legal Officer, Stuart Alderoty, attended the event. Although Garlinghouse wasn’t there in person, he said he was “celebrating from afar” and emphasized the significance of the moment for the entire crypto industry.
He also highlighted President Trump’s key role in driving the legislation forward and pointed out that the Trump family has reportedly gained $2 billion through crypto investments. This reflects the growing connection between U.S. political leadership and digital assets.
Genius Act Ushers in Pro-Crypto Regulations
The signing of the Genius Act marks a major shift in how the U.S. approaches crypto. The new law introduces clear and supportive regulations for stablecoins, moving away from the country’s previously cautious stance.
This development is expected to boost innovation and help position the U.S. as a global leader in digital finance, which aligns closely with Ripple’s long-term vision.
XRP Surges on Policy Breakthrough
Following the announcement, XRP jumped 16% on Friday. The price rally was fueled by two strong hourly green candles, each pushing the price up by about 5%.
Open interest in XRP derivatives has now crossed $10 billion, showing a rise in trading activity. Over the past 30 days, XRP has grown by 70%., further strengthening its position in the market.
Even after a minor correction, XRP is currently trading around $3.44 and continues to show strong momentum.
XRP hits new ATH
Today, $XRP by @Ripple reached $3.65, its highest price ever recorded, marking over 70% growth within the last 30 days.
Derivatives activity has surged as well, with XRP open interest now at $10B.
Today’s rally is driven by the approval of the CLARITY and… pic.twitter.com/AxfmmqJJ5w
Ripple’s Vision Gains Momentum
The Genius Act and XRP’s ATH show a key moment for Ripple and the wider blockchain sector. With regulatory clarity enabling innovation, Ripple’s goal of altering financial systems gains momentum.
As XRP’s price movement delights markets and the Genius Act promotes crypto-friendly conditions, the outlook appears promising for Ripple and its community.
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