XRP hits new high, breaks 2018 record after US House passes landmark cryptocurrency bills; up over 18% in 24 hours

XRP, the third largest cryptocurrency in the world, scaled a fresh peak on Thursday after the US House of Representatives passed three major bills paving way to regularise stablecoins.

XRP, the native token of the XRP Ledger, shot up to above the $3.5 level in the later hours of the US House session, rallying 14 per cent in 24 hours, according to CoinDesk data. The crypto coin also topped the $200 billion mark in market capitalisation, the data showed.