When XRP Met the GENIUS Act: A Crypto Fairytale 🌟

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It was a day that would go down in the annals of crypto history, a day when XRP, that cheeky little digital currency, decided to throw a party and invite all its friends. Over the past 24 hours, XRP prices have soared by a whopping 20%, reaching the dizzying heights of $3.64, according to CoinGecko. One can almost hear the champagne corks popping in the background.

This meteoric rise has not only pushed XRP’s market capitalization to a staggering $214 billion, roughly the same as the global fast food empire McDonald’s, but it has also secured its position as the third-largest cryptocurrency. Quite the achievement for a currency that some still insist on calling a “joke” coin. đŸ€Ł

But the fun doesn’t stop there. Over the past week, XRP has gained a staggering 40%, outperforming even Ethereum, which has been on a tear of its own. It’s enough to make one wonder if the crypto world is about to enter a new golden age, or if it’s just a particularly elaborate April Fool’s joke that got a bit out of hand.

SMASH THE REPOST BUTTON IF YOU ARE AN #XRP HOLDER! 🚀

— JackTheRippler © (@RippleXrpie) July 18, 2025

Regulatory Green Light

The driving force behind this crypto carnival? The US House of Representatives, in a moment of what can only be described as divine inspiration, passed key crypto regulations. If these regulations are signed into law, they could open the floodgates for the industry, transforming the US into a beacon of financial innovation. Or, as Ripple CEO Brad Garlinghouse put it, “The signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins.”

While XRP itself isn’t a stablecoin and thus isn’t directly under the purview of the GENIUS Act, Ripple, the American company behind XRP, has launched its own stablecoin, RLUSD, which will be regulated. This fully regulated stablecoin running on the XRP Ledger is expected to drive demand for XRP, which is used as fees for RLUSD transactions. It’s a bit like a dog chasing its own tail, but in a good way. đŸŸ

GENIUS Act XRP

Documented 3x. 📝

— SMQKE (@SMQKEDQG) July 17, 2025

However, not everyone is convinced that this is a true all-time high. XRP investor Micah Paul has suggested that the asset spiked to $3.84 on some exchanges back in January 2018. But let’s not be too pedantic, shall we? Most crypto analytics platforms have the previous peak price at around $3.40, so we’ll take this win and run with it.

And if that wasn’t enough, the gains in XRP and Ethereum have pushed the total crypto market capitalization above $4 trillion for the first time ever, according to CoinGecko. Other platforms like CoinMarketCap and TradingView show it as a little lower, but all three are reporting record highs. It’s a crypto bonanza, and everyone’s invited to the party. 🎉

Other Altcoin Performers

XRP isn’t the only crypto asset having a field day. Ethereum, that ever-reliable second fiddle, has seen its prices pump by 8%, reaching a six-month high of $3,616 during the Friday morning Asian trading session. It’s been another record inflow day for BlackRock’s ETHA spot Ether ETFs, with $546.7 million in inflows and just over $600 million in total on Thursday. Not too shabby, old chap.

Dogecoin, the original meme coin, has also been doing its part, climbing 13% to hit $0.235 at the time of writing. Cardano, never one to be left out, has cranked up 15% to hit $0.86 during the morning session. Other double-digit gainers today include Chainlink up 14% to $18.70, Hedera up 24% to reach $0.28, Litecoin adding 12% to top $107, and Uniswap pumping 15% to reach $10.

It’s a veritable feast of gains, and one can’t help but wonder if the crypto market is about to burst at the seams or if this is just the beginning of a beautiful friendship between regulators and digital currencies. Only time will tell, but for now, let’s raise a glass to the good times. Cheers! đŸ„‚

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2025-07-18 08:44