XRP Hits All-Time High As President Trump’s Crypto Week Is In Full Swing

By Anthony • July 17, 2025 4:47 pm • Comments

President Trump has been the most crypto-friendly president in United States history.

The marking is showing it too!

Cryptocurrency XRP surged to an all-time high on Thursday as lawmakers were set to vote on the crypto legislation, the GENIUS Act.

Trending: Air Force Veteran Loses $569,000 Worth Of XRP In Crypto Heist

On Thursday, XRP was trading at $3.43, marking its highest price since 2018.

Bitcoin News had more details about XRP’s rise:

XRP surged more than 10% in 24 hours on July 17, reaching an all-time high of $3.40 and briefly pushing its market capitalization above $200 billion.

XRP’s meteoric rise continues to capture market attention, as the digital asset—now ranked third by market capitalization—soared by more than 10% within just 24 hours to $3.40 on July 17. The price matched XRP’s all-time high set in 2018. This rally not only shattered previous price ceilings but also briefly propelled XRP’s market cap past the $200 billion mark for the first time in years, reaffirming its dominant position in the crypto landscape.

While XRP’s strong performance pushed its year-to-date (YTD) gains above 60%, a broader look at the asset’s performance over the past 12 months reveals an even more impressive trajectory—a staggering surge of over 430%. This remarkable upswing underscores XRP’s sustained momentum and investor confidence, cementing its resurgence as one of the standout performers in the current altcoin rally.

XRP Reclaims $3.40 All-Time High, Market Cap Briefly Tops $200 Billion

Meanwhile, several leading altcoins, including Ethereum ( ETH), which initially seemed to ignite the altcoin season, along with BNB, Solana ( SOL), and Dogecoin ( DOGE), also registered significant 24-hour gains. As of the latest update (July 17, 2:30 p.m. EST) ADA and HBAR stood out as the only other top 20 digital assets boasting 24-hour gains surpassing 5%. Nevertheless, it’s noteworthy that a significant majority of the top 20 cryptocurrencies experienced impressive double-digit gains over seven days, highlighting a broader trend of recovery and growth within the altcoin market.

Crypto holders on X were loving it:

Earlier in the week, Bitcoin also hit an all-time high.

CNBC reported more on Bitcoin’s surge:

Bitcoin traded above $120,000 to set a new record high on Monday as U.S. lawmakers gear up to potentially pass regulatory changes that could bolster institutional demand.

The largest cryptocurrency by market capitalization traded at roughly $119,800 at about 4 p.m. ET, according to data from Coin Metrics. Earlier in the day, it topped $123,000 before losing some steam later on.

The rally has seen bitcoin reach new highs amid more inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their biggest day of inflows in 2025 at $1.18 billion.

“We believe that Bitcoin’s surge is driven by longer-term institutional buyers and this will propel it to $125k in the next month or two,” Jeff Mei, chief operating officer at cryptocurrency exchange BTSE, said in a statement sent to CNBC.

“Trump’s trade disputes with the likes of the EU, Mexico, and other trading partners could cause dips in the week ahead, but it’s likely that Bitcoin’s institutional buyers are discounting this risk and maintaining their positions that Bitcoin will still appreciate in the long run,” he added.

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