XRP's price surge to $3.64 breaks a seven-year record, driven by institutional interest and regulatory advancements surrounding Ripple's stablecoin.
XRP has surged to a new all-time high of $3.64, surpassing its previous record of $3.40 set in January 2018. As of press time, XRP is trading at $3.59, with a market value of $212 billion, making it the third-largest cryptocurrency. The token's trading volume has also seen significant increases, with spot trading up 135.5% to $19.05 billion and futures trading volume rising 162.6% to $46.65 billion. Ripple's recent regulatory moves and growing institutional interest, including plans from VivoPower International and Webus to purchase $421 million worth of XRP, are contributing factors to this bullish momentum.