The price of XRP rose on Friday, reaching a new high of $3.66, before slightly retreating.

- Ripple CEO Brad Garlinghouse stated that the passage of the GENIUS Act is historically significant, consolidating the United States' leadership in the innovative fintech sector.
- Despite the price rise, the trading volume of XRP remains neutral, indicating there is still room for further rise.
- The value of XRP ( has significantly risen to a historical high of $3.66, and then slightly retreated to $3.44 on Friday. As the U.S. House passed three cryptocurrency-related bills on Thursday, investors have increased their investment in this cross-border financial transfer currency.
- The U.S. Stablecoin National Innovation Guidance and Establishment Act ) GENIUS Act (, the Digital Asset Market Transparency Act ) CLARITY Act (, and the Anti-Central Bank Digital Currency Act ) CBDC Countermeasure Act ( have been passed in the House vote, paving the way for cryptocurrency regulation in the U.S.

- Technical Prediction: XRP may extend the price discovery phase.
The price of XRP is currently around $3.44, showing a slight rise from the previous price at the time of writing this report. The token has reached a new all-time high of $3.66, indicating an increase in demand from both individual and institutional investors.

On the daily chart, when the 50-day Exponential Moving Average )EMA( crosses above the 100-day Exponential Moving Average, the golden cross pattern is confirmed, which strengthens the bullish trend.

In addition, since June 28, the buy signals supported by the Moving Average Convergence Divergence indicator )MACD( have encouraged risk sentiment, prompting traders to increase their exposure.

A daily closing price above $3.50 may help confirm the strength of the rise trend. If XRP breaks through its historical high of $3.66, a new price discovery phase may enhance the value of the currency.

Despite the pump to new all-time highs, the trading volume in the spot market remains neutral, indicating that conditions are still favorable for XRP to extend its rise to new levels, with a short-term target of $4.00.

Meanwhile, the overbought relative strength index )RSI( is at 86, indicating that the trend may correct, especially if profit-taking increases, leading to weakened demand. The previous benchmark level of $3.40 is a temporary support, but if breached, traders will look for support at $3.00, which was tested as resistance in early March, and $2.80, which was tested as support on Tuesday.