- XRP temporarily surged past US$3.00, its highest level in six months, amid growing demand, favorable regulatory sentiment, and renewed interest in tokenisation infrastructure.
- Messari analyst Matt Kreiser linked XRP’s rally to increased institutional focus on compliant blockchain solutions, boosted by Trump’s re-election and market optimism.
- Ripple’s RLUSD stablecoin jumped 67% in a month, now ranked 9th by market cap, following custody news with BNY Mellon and Ripple’s bid for a U.S. banking license.
XRP crossed the US$3.00 (AU$4.5) mark on Monday, hitting a six-month high as demand surged amid shifting regulatory dynamics and renewed attention from financial institutions.
The token’s price jumped 27% over the past week and was last trading around US$2.92 (AU$4.4), according to CoinGecko. The latest move follows a broader uptick across digital assets, with Bitcoin also setting a new all-time high earlier in the day before pulling back.
The rally comes as investor focus shifts to blockchain infrastructure suited for tokenising real-world assets.
Financial institutions exploring on-chain representations of securities and currencies have turned toward platforms with built-in compliance features. XRP Ledger fits that profile, with chain-level controls that may appeal to regulated actors, according to Messari analyst Matt Kreiser.
Speaking to Decrypt, he pointed to recent price action as a continuation of market strength that followed Donald Trump’s re-election last year. “It’s a resurgence of what happened in the fall after the election of Trump,” Kreiser told Decrypt.
Market participants appear to be pricing in a friendlier policy landscape and broader adoption. Meanwhile, Standard Chartered forecasts that, if current momentum and regulatory tailwinds continue, XRP could climb as high as US $5.50 (AU$8.40) by the end of the year
Related: Bitcoin Treasuries: Strategic Innovation or Systemic Risk?
Ripple’s Ecosystem Expands
Besides XRP, RLUSD, Ripple’s stablecoin, has gained traction as well after surpassing US$515 (AU$786M) in market capitalisation, overtaking TrueUSD (TUSD) after a 67% jump in the past month. This followed the announcement that BNY Mellon would custody its reserve assets, and also one week after Ripple applied for a US banking license.
RLUSD’s expansion highlights Ripple’s push to position XRP and its affiliated infrastructure at the center of institutional on-chain finance.
While RLUSD remains far behind Tether (USDT) at US$159B (AU$249B) and Circle’s USDC at US$63B (AU$96B), it is now the ninth-largest stablecoin by market cap.
Related: Circle Seeks to Open Bank to Expand into TradFi Custody Services
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