XRP Rockets on GENIUS Act & ETF Hopes, Analyst Urges Hold
XRP surged 14% to a record $3.50 after the US House passed the GENIUS Act, clearing the way for Ripple’s RLUSD stablecoin. Reports that President Trump may open the $9 trillion retirement market to crypto further boosted gains. Bitcoin and Ethereum also climbed on broader market optimism.
Traders expect near-final resolution in the SEC v. Ripple lawsuit and potential approval of US-listed spot XRP ETFs. Crypto analyst John Squire warns holders against selling, comparing XRP’s stage to Apple before the iPhone. XRP has twice broken the $3 resistance this week and gained 49% in a month.
Key catalysts include clear federal rules for payment stablecoins, renewed regulatory clarity, and discussions on XRP’s role in national digital asset strategies. While targets above $200 remain speculative, rising adoption, utility-focused use cases and institutional interest underpin a bullish outlook. Traders are advised to research carefully and consider holding XRP to capture potential long-term growth.
Bullish
The combined news of a 14% rally, the passing of the GENIUS Act and potential retirement market entry created strong short-term momentum for XRP. Renewed regulatory clarity from the stablecoin framework and the near-resolution of the SEC v. Ripple lawsuit further underpin confidence in spot XRP ETF approvals. Crypto analyst John Squire’s comparison to Apple’s pre-iPhone phase highlights the potential for significant long-term gains if XRP follows a similar growth trajectory. Growing utility-focused use cases, institutional interest and discussions on national digital asset strategies add further bullish signals. Overall, these developments suggest positive price impact for XRP in both short-term trading and long-term investment horizons.