XRP Hits New All-Time High of US$3.68 After Soaring 40% in a Week
XRP, the digital asset developed by Ripple Labs, has surged to a new all-time high of US$3.68 today, marking a dramatic 40% increase over the past week. This price surge also pushed XRP’s market capitalisation past the US$200 billion mark, crossing a major psychological milestone that has reignited institutional interest.
The timing of XRP’s rally aligns with the broader altcoin momentum, with the Altcoin Season Index soaring to 90.91% over the past 30 days. This sharp uptick indicates a clear shift in investor sentiment away from Bitcoin and into major altcoins like Ethereum and XRP.
Several key developments have played a pivotal role in fuelling XRP's ascent.
One of the most significant is the near-resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). According to court documents, the two parties have agreed to a US$50 million settlement, pending judicial approval. This move brings long-awaited regulatory clarity, a factor that many investors believe has been suppressing XRP’s true valuation for years.
In addition, wallets linked to Ripple have reportedly moved over US$1.2 billion worth of XRP in the past 72 hours. Market analysts interpret this as part of a strategic repositioning ahead of a major announcement – the official launch of the first XRP Exchange-Traded Fund (ETF) by investment giant ProShares, which went live today.
The XRP ETF is being touted as a potential game-changer. Market watchers are drawing comparisons to Bitcoin’s own rally post-ETF approval, which saw its price more than double in the months that followed. While it's still early days, the debut of the XRP ETF has injected fresh optimism into the crypto space and renewed bullish sentiment around XRP.
Moreover, trading volume for XRP has exploded across major exchanges, indicating high retail and institutional participation. On-chain data also suggests increased accumulation by “smart money” wallets—typically associated with hedge funds and large investors—who appear to be positioning themselves for further upside.
As the altcoin season gains pace and regulatory clouds begin to lift, many believe XRP’s new price milestone could be just the beginning of a more sustained rally.
“This is not just about price action,” said Clara Jenkins, senior analyst at Sydney-based crypto advisory AltFi Insight. “It’s about a foundational shift in how XRP is viewed – from a legally embattled token to a regulated, institutional-grade asset.”
With bullish momentum building, all eyes are now on how XRP performs in the coming weeks – and whether it can solidify its place among the top-tier crypto assets in this new cycle.
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