XRP Soars 18%, Breaks 2018 High After US House Passes Crypto Bills

XRP, the world’s third-largest cryptocurrency, surged to a new all-time high on Thursday after the US House of Representatives passed three key bills aimed at regulating stablecoins. This major legislative move has sparked renewed optimism in the crypto market.

According to data from CoinGecko, XRP jumped over 18% in the past 24 hours, climbing to $3.60, surpassing its previous record high of $3.40 set in early 2018.

Why Is XRP Rising Today?

The surge in XRP’s value is primarily driven by a report from the Financial Times, which suggests that former US President Donald Trump is expected to sign an executive order to allow cryptocurrency investments in America’s $9 trillion retirement market.

Citing sources familiar with the matter, the report claims the executive order could be signed as soon as this week, allowing retirement plans to invest in a broader range of assets beyond traditional stocks and bonds — a move that could significantly increase crypto exposure among mainstream investors.

This regulatory development, combined with growing anticipation around institutional adoption, has fueled a strong bullish sentiment around XRP, pushing it past long-standing resistance levels and setting a new historical benchmark.