XRP has moved above the market-cap bar set in Russia’s draft crypto bill, placing it among large digital assets that meet the proposal’s size requirement based on current data. CoinCodex places XRP’s market value near $86 billion on March 25, well above the bill’s quoted threshold of roughly 5 trillion rubles, or about $60 billion. Current summaries of the Russian draft still identify Bitcoin, Ether, and Solana as the tokens that satisfy the broader standard now under discussion. XRP Clears the Bar as Russia Narrows the Field XRP token now sits above the bill’s market-cap threshold based on live market data. That matters in a framework designed to admit only large, liquid assets into Russia’s proposed domestic trading regime. By that measure alone, XRP belongs in the conversation about assets large enough to be reviewed under the draft. Still, the draft does not rely on market value alone. Reports on the bill say the screening process also includes a two-year average daily trading volume test of about 1 trillion rubles, or roughly $12 billion, along with a multi-year public trading record. Current coverage of the proposal names BTC, ETH, SOL, and XRP as the assets that meet those broader benchmarks. At the time of reporting, XRP traded at $1.41 after posting a 1% gain over the past 24 hours. XRP's 24-hour trading volume surged by over 4% to $2.16 billion. XRPUSD 1-Day chart | Source: CoinCodex Russia’s Draft Points to a Controlled Crypto Market Russia’s proposed “Digital Currency and Digital Rights” framework would give the Bank of Russia authority to approve which digital assets may circulate in the domestic market. That would move the country closer to a regulated trading structure after years of mixed signals on how crypto should fit into the financial system. The draft has advanced through the government commission stage ahead of parliamentary review. The draft’s structure shows that Russia is not opening the door to the full crypto market. It is building a narrow channel for a short list of large assets with deep liquidity and long trading histories. That is why BTC, ETH, SOL and XRP remain the main reference points in coverage of the bill. Retail Caps and Privacy Coin Restrictions The bill also sets limits on who can buy and what can be traded. Reports say retail investors would face an annual purchase cap of about $4,000, while privacy-focused coins could be blocked from the approved market. That approach keeps the framework focused on monitored trading rather than broad access across the sector. For XRP, that structure matters because the asset already has the size to stay in view as regulators define which tokens belong in a legal domestic market. Russian lawmakers are working toward a midyear deadline for the core framework, with current reports pointing to parliamentary review by July 1, 2026. That timeline keeps attention focused on the next official text, in which the final treatment of eligible assets, licensing rules, and enforcement measures should become clearer. Recently, XRP price traded within a tight range as rare calm emerged and Binance's volatility fell to its lowest level of 2026. The drop in volatility signaled a compression phase, while steady buyer support around key levels kept attention focused on a possible breakout. Until then, XRP stands above the bill’s stated size threshold, making it one of the notable large-cap assets in the discussion around Russia’s planned crypto market.
