So guess what? XRP has just pulled a fast one, hitting a new all-time high after what? Seven years? I mean, remarkable! 🥳 Would you look at that? Isn’t that just fantastic? On July 18, this little token reached a record high of $3.64, outdoing itself over its previous high of $3.40 from January 2018. And here I thought it couldn’t get any better. Current trading rate? $3.59, which is up 18% just today. What are they doing over there, running a crypto magic show? 🎩✨
Now, if you’re keeping score, XRP’s market cap is sitting comfortably at $212 billion, zooming past Tether. Did I mention the market cap is up 65% this past month? No big deal, right? Just casual gains like it’s January sale on everything else.
And what’s this? Spot trading volume shot up by 135.5% to a whopping $19.05 billion just yesterday. Futures trading volume? Oh, that only surged by 162.6% to $46.65 billion. Open interest increased by 27% to $11.11 billion. Why don’t we just throw in the kitchen sink too while we’re at it? It’s wild! 🚀
So why all this craziness, you ask? Well, Ripple’s been busy playing the regulated finance game. They applied for a National Trust Bank charter. Yeah, they’re trying to get on the good side of Uncle Sam. If they pull that off, they’ll be cozying up with the U.S. financial system in no time.
Speaking of moves, they’re prepping a stablecoin, RLUSD, in accordance with the new U.S. regulations. You know, because why not make things more complicated? Oh, and the GENIUS Act just passed, which means some clear rules are finally rolling in. Can you believe it? Ripple might actually follow the rules for once! 🎉
Institutional interest is on the rise, too. VivoPower and Webus announced plans to buy a staggering $421 million worth of XRP. Just when you thought there couldn’t be more millions floating around, here we are! 💰
And don’t forget Ripple’s ongoing legal tussle with the SEC. They both seem to be over the whole thing and want to kiss and make up. A settlement might just be on the horizon, which could make this whole thing even more interesting!
Last but not least, the possibility of U.S.-listed XRP exchange-traded funds is on the table. Sounds fancy, doesn’t it? If things keep moving this way, we might just see wealth managers and retirement funds diving in. Get ready for that tidal wave! 🌊
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2025-07-18 07:32