On July 18, 2025, cryptocurrency XRP reached a record high of $3.64, driven by rumors of potential legislative changes including the GENIUS Act.
XRP's Dramatic Rise
XRP surged over 18%, breaking its previous peak of $3.40 set in January 2025. This increase was fueled by rumors of new legislative initiatives, although no official confirmations were available regarding the impact of these initiatives on price.
Market and Public Reaction
XRP's rise significantly affected interest in related assets such as Stellar and Cardano. Exchange data revealed substantial speculative positions, and XRP's futures open interest climbed sharply. However, these events have not tangibly influenced Bitcoin's consolidation phase.
Lack of Official Comments
Ripple's leadership, including Brad Garlinghouse and David Schwartz, has not commented on the rumors surrounding XRP's record high. The absence of official statements raises questions about the sustainability of the current trend and potential actions from the U.S. government.
Despite the impressive surge driven by speculation, the lack of verified information regarding legislative initiatives brings into question XRP’s future stability and its impact on the cryptocurrency market.
