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Ripple’s XRP reached a new all-time high of $3.55 on July 17, increasing by more than 36% over the last week and over 13% in the past 24 hours.
This rally signifies XRP’s first surpassing of its 2018 peak and occurred alongside a broader resurgence in altcoins.
The increase is part of a wider altcoin rally led by Ethereum (ETH), which rose 21% in the past week, while Solana (SOL) gained 8% during the same timeframe, driven by heightened adoption of blockchain infrastructure and renewed investor confidence in digital currencies.
Ripple’s institutional expansion
Ripple Labs, the entity behind XRP, has broadened its institutional presence, forming partnerships with numerous banks and financial institutions worldwide.
These organizations are progressively incorporating the XRP Ledger to facilitate quicker and more cost-effective cross-border transactions and to tokenize real-world assets (RWA).
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Ripple’s USD-backed stablecoin, RLUSD, has achieved a market value of $517 million within eight months of its launch. Analysts anticipate that a potential spot XRP ETF listing in the U.S. could further stimulate demand for the asset.
The conclusion of Ripple’s prolonged legal dispute with the U.S. Securities and Exchange Commission, with both sides withdrawing appeals, has alleviated a significant regulatory burden and positioned XRP as a blockchain solution designed for compliance-oriented institutions.
Positive outlook persists
As regulatory clarity improves and institutional applications gain traction, the breakout is viewed as a confirmation of Ripple’s long-term strategy.
XRP’s all-time high demonstrates investor confidence in Ripple’s vision of creating an “internet of value,” where financial institutions can transfer assets effortlessly across borders.
XRP now ranks just behind Bitcoin (BTC) and Ethereum in total market capitalization, currently exceeding $205 billion, indicating a possible reconfiguration of the crypto landscape as regulated utility tokens gain prominence.
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