XRP has officially entered price discovery after smashing its previous all-time high, soaring to $3.55 on July 17.
The token has gained more than 36% in the past week and 13.8% in just 24 hours, outperforming most major altcoins.
This sharp move follows a broader market rally led by Ethereum and Solana, driven by rising institutional interest and expanding real-world use cases for blockchain networks.
Ripple’s growing presence in global finance appears to be fueling the momentum. The company has secured a wide network of institutional partners using the XRP Ledger for tokenizing assets and streamlining cross-border payments. Its RLUSD stablecoin has already surpassed $500 million in market value less than a year after launch.
Meanwhile, the end of Ripple’s lengthy legal battle with U.S. regulators has cleared a major hurdle. With both Ripple and the SEC dropping appeals, regulatory uncertainty around XRP has eased significantly, laying the groundwork for further institutional integration.
Speculation around a potential spot XRP ETF is also gaining traction, adding another bullish catalyst. Now the third-largest crypto by market cap at over $205 billion, XRP is positioning itself as a key player in the next phase of digital finance — one centered on compliance, speed, and utility.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.