- The mainstream adoption of RLSUD following the GENIUS Act will help increase the XRP burn rate.
- XRP’s market cap has gained nearly $100 billion in the past 30 days, hinting at heated speculation.
- Technical analysis shows XRP has followed a similar fractal in the past months with the 2020 crypto summer.
XRP has surged to a new all-time high, posting its highest-ever weekly close around $3.45 and reclaiming its position as the third most valuable crypto asset.
XRP’s market cap also surged by nearly $100 billion in the past 30 days to upwards of $206 billion. Consequently, XRP is the first large-cap altcoin to enter its price discovery phase of the 2025 crypto rally, marked by a noticeable euphoria among XRP enthusiasts who have long waited for this type of XRP price surge since Ripple’s legal victory over the SEC.
Top Reasons Why XRP Pumped to New ATH
The XRP price pump in the past few weeks was bolstered by robust fundamentals and the clear regulatory environment in the United States. For instance, on June 27, 2025, Ripple filed a motion to withdraw its cross-appeal in the ongoing legal dispute with the United States Securities and Exchange Commission (SEC).
According to Brad Garlinghouse, Ripple’s CEO, the SEC is also expected to drop its appeal, thus signaling the end to the lawsuit. Additionally, the XRP pump in the past few weeks was also influenced by the passage of the GENIUS Act by the Senate and the House of Representatives, thus being signed into law by President Donald Trump.
Related: XRP Price Prediction for July 21, 2025: XRP Consolidates Near $3.45 After 50% Weekly Rise
The GENIUS Act will play a crucial role in the mainstream adoption of Ripple USD (RLUSD), which runs on the XRPL network. Notably, every RLUSD transaction helps increase the overall XRP burn rate, which reduces the coin’s market supply amid growing demand.
The XRP’s pump to its all-time high was also bolstered by the rising futures Open Interest (OI). According to market data analysis from Coinglass, since President Trump advised investors to buy U.S. stocks on April 9, 2025, XRP’s OI has surged from $3 billion to about $11 billion at the time of writing this report.
Has 2025 Altseason Started?
According to Benjamin Cowen, a crypto market analyst, the ongoing altseason hype has been fueled by the Ethereum pump. Furthermore, the ALT/ETH pair has been bleeding in the past few weeks, which suggests Ether has outshone the small-cap altcoins in the recent past.
Related: How Much XRP Is Actually Available for Business Use? Top Dev Explains
With the XRP pump to new ATH, Cowen highlighted that the altcoins pair against Bitcoin found a local bottom in June 2025. As a result, the crypto analyst expects the ongoing altcoin rally to end by late August 2025 at the latest.
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