XRP Soars to New All-Time High Above $3.50 as Trump Signals Crypto Support, Regulatory Bills Pass

XRP skyrocketed 14% on Thursday, eclipsing its previous all-time high of $3.40 set during the 2018 bull run.

The native asset of the XRP Ledger rallied to $3.50 during late U.S. trading hours, fueled by renewed investor optimism and political tailwinds. At its peak, XRP’s market capitalization surpassed $200 billion, making it the third-largest cryptocurrency, according to CoinDesk data.

The explosive move followed a Financial Times report revealing that President Trump is preparing to sign an executive order allowing retirement accounts to gain exposure to alternative assets, including digital currencies.

Adding to the bullish momentum, the U.S. House of Representatives passed the GENIUS Act and the CLARITY Act — two landmark legislative efforts aimed at regulating digital assets and stablecoins. These measures are widely seen as foundational for future crypto adoption and regulatory certainty.

Data from CoinGecko confirmed XRP’s breakout, marking its strongest single-day performance in months and underscoring growing institutional interest amid a changing regulatory landscape.