XRP Hits $3.55 as Ripple Rides Institutional Wave

XRP has surged to a historic milestone, reflecting renewed belief in Ripple’s enterprise ambitions and expanding utility across the crypto landscape. On July 17, the digital asset climbed to a new record high of $3.55, a level it hadn’t seen in over seven years, fueled by a broader resurgence in altcoins and accelerating adoption within the blockchain ecosystem.

This impressive rise, pushing XRP up over 36% in the past week and more than 13% within the last 24 hours alone, follows a robust period of expansion and renewed trust from investors. Ethereum also experienced significant weekly gains of 21%, while Solana posted an 8% increase, all buoyed by escalating institutional interest and deepening use cases.

Ripple Labs, the company behind the XRP Ledger, has been a driving force behind this momentum. With strategic partnerships established with hundreds of financial entities worldwide, the company has positioned XRP as a critical infrastructure piece for real-time, low-cost cross-border transactions. These integrations are not just about payments—they’re enabling tokenization of real-world assets, a trend swiftly taking root within finance and beyond.

Ripple’s expanding portfolio, which includes its USD-pegged stablecoin RLUSD, continues to demonstrate market traction. Since launching, RLUSD has amassed a valuation of $517 million, underscoring Ripple’s growing influence in the digital payments space. XRP’s recent rally has also reignited discussions around the potential approval of a spot XRP ETF in the U.S., which could catapult its adoption even further.

A major catalyst behind this bullish outlook is the resolution of Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC). Both parties mutually agreed to drop ongoing appeals earlier this year, a move widely interpreted as a regulatory green light. This development has alleviated legal uncertainty and unlocked fresh confidence among institutional participants seeking compliance-ready blockchain solutions.

XRP now commands the third-largest market cap in crypto globally, eclipsed only by Bitcoin and Ethereum. As of the latest figures, XRP boasts a $205.32 billion market capitalization and a 24-hour trading volume of $18.26 billion. Such dominance places it in a powerful position to further influence the conversation around regulated digital finance.

This rally is more than a market reaction; it’s a validation of Ripple’s long-term mission to create an “internet of value.” The XRP Ledger’s design allows assets to flow freely and securely across borders—a feature increasingly embraced by banks and fintech platforms seeking scalable, compliant digital infrastructure.

Among competitors, platforms like Ethereum and Solana have also witnessed strong performance. However, XRP’s edge lies in its institutional orientation and its maturing ecosystem driven by Ripple’s ongoing innovation.

In a market currently valued at $3.88 trillion, with Bitcoin dominance at 61.60%, XRP’s ascent underscores a shifting dynamic. Utility-focused tokens, especially those designed for regulatory compatibility and cross-border efficiency, are now commanding attention in a way speculative assets once did.

Investors and financial institutions are increasingly looking toward platforms that offer real-world value, not just speculative potential. Ripple’s approach—developing scalable, enterprise-grade solutions like RLUSD, driving tokenized RWA initiatives, and integrating deeply with traditional finance—makes XRP a standout in this evolving landscape.

As blockchain adoption accelerates, XRP is no longer just another altcoin—it is becoming a cornerstone in the conversation around digital finance, compliance, and cross-border efficiency.

Related: XRP Price: $12M Max Pain for Bears

For more information on XRP, visit XRP. To explore Ripple’s institutional developments, refer to Ripple’s institutional push and its UAE custody milestone.