New crypto regulation boosts XRP price XRP’s rall

New crypto regulation boosts XRP price

XRP’s rally came as three key pieces of crypto legislation passed the US House of Representatives, with the GENIUS Act set to establish a federal framework for stablecoins.

This aligns with Ripple’s RLUSD stablecoin ambitions, boosting investor confidence. 

Ripple’s application for a US banking license earlier this month, alongside a Federal Reserve master account, positioned it for deeper integration into the financial system.

However, institutional demand is already growing as companies like VivoPower and Webus plan to purchase $421 million in XRP for their corporate treasuries.

Additionally, increasing speculation around potential US spot XRP exchange-traded fund (ETF) approvals, following the success of Bitcoin and Ethereum ETFs, is helping fuel optimism.

The odds of the US Securities and Exchange Commission approving a spot XRP ETF in 2025 were at 85% as of Friday, according to Polymarket data.These positive fundamentals, combined with Ripple’s upcoming resolution of its SEC lawsuit, have created a bullish narrative, which is driving XRP price to new heights.