XRP hits new ATH of $3.55 after 7 years amid altcoin surge

Ripple’s $XRP surged to a new all-time high of $3.55 on July 17, climbing more than 36% over the past week and over 13% over the past 24 hours.

The rally marked $XRP’s first break above its 2018 peak and came amid a broader altcoin resurgence.

The surge comes amid a wider altcoin rally led by Ethereum (ETH), which climbed 21% over the past week, while Solana (SOL) climbed 8% during the same period, fueled by growing adoption of blockchain infrastructure and renewed investor confidence in digital assets.

Ripple’s institutional push

Ripple Labs, the company behind $XRP, has expanded its institutional footprint, securing partnerships with hundreds of banks and financial institutions globally.

These institutions are increasingly integrating the $XRP Ledger to enable faster and cheaper cross-border payments and to tokenize real-world assets (RWA).

Ripple’s USD-backed stablecoin, RLUSD, has reached $517 million in market value within eight months of launch. Analysts expect a potential spot $XRP ETF listing in the U.S. could further catalyze demand for the asset.

The resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission, with both parties dropping appeals, has removed a major regulatory overhang and positioned $XRP as a blockchain solution tailored for compliance-focused institutions.

Outlook remains bullish

With regulatory clarity improving and institutional use cases gaining momentum, the breakout is seen as a validation of Ripple’s long-term strategy.

$XRP’s all-time high reflects investor belief in Ripple’s vision of building an “internet of value,” where financial institutions can move assets seamlessly across borders.

$XRP now trails only Bitcoin (BTC) and Ethereum in total market capitalization and currently sits at a little over $205 billion, signaling a potential reordering of the crypto landscape as regulated utility tokens gain ground.