XRP Reaches New Record High of $3.55 as Crypto Market Rises
Ripple’s XRP has hit a new all-time high of $3.55 on July 17. The price jumped over 36% in the past week and more than 13% in the last 24 hours.
This is the first time XRP has gone above its previous record from 2018. The surge is part of a bigger rally happening across the altcoin market.
Altcoins on the Rise
Other cryptocurrencies are also doing well. Ethereum (ETH) is up 21% this week, and Solana (SOL) rose 8%, thanks to more people using blockchain technology and increasing investor confidence.
Ripple’s Growing Partnerships
Ripple Labs, the company behind XRP, is working closely with many banks and financial institutions around the world. These institutions are using XRP Ledger to make faster and cheaper international payments and to tokenize real-world assets like property or bonds.
Ripple also launched a stablecoin called RLUSD, backed by U.S. dollars. It already reached $517 million in value just eight months after its launch. Experts believe that a possible XRP spot ETF in the U.S. could bring in even more interest.
Ripple’s legal fight with the U.S. Securities and Exchange Commission (SEC) is finally over, with both sides dropping their appeals. This brings more regulatory clarity and strengthens XRP’s position as a crypto built for financial institutions.
Positive Future Ahead
With clearer rules and more real-world use, many believe this price jump confirms Ripple’s long-term plan. XRP’s rise shows that investors believe in Ripple’s goal to create an “internet of value” — a global system where money moves as easily as information.
Now, XRP is the third-largest cryptocurrency after Bitcoin and Ethereum, with a market value of over $205 billion. This could signal a big shift in the crypto world, as regulated and useful tokens become more important.
