July 18, 2025, marked a landmark day for the crypto ecosystem: XRP achieved a new all-time high, coinciding with an important political event in the U.S.
XRP Sets New Historical High
On July 18, XRP reached a new all-time high of $3.65, surpassing its previous record from January 2018. This increase of 70% over the past 30 days was accelerated by a sharp 16% gain in a single day. The market is showing increasing interest in XRP due to the surge in derivatives trading, which reached a historic open interest of $10 billion.
Signing of the Genius Act: A Significant Political Move
On the same day XRP set its record, U.S. President Donald Trump signed the Genius Act, a legislative text aimed at creating a clear legal framework for the crypto ecosystem. Ripple’s CEO Brad Garlinghouse called this day historic for the industry, despite not being able to attend the signing.
Crypto Industry on the Cusp of Changes
The Genius Act is seen as a step toward enhancing regulation in the U.S. and supporting crypto innovations. By securing legal rights for Ripple and other compliant companies, this act may significantly influence the power dynamics within the crypto ecosystem.
Thus, July 18, 2025, stands as an important milestone for XRP and the crypto industry as a whole, marking the end of a long period of instability and the beginning of a new era of regulation.
