Since early July, Stellar’s XLM and Ripple’s XRP—two tokens co-founded by blockchain pioneer Jed McCaleb—have led a stunning altcoin resurgence. Amid a broader crypto market rally, both assets have captured investor attention with strong technical breakouts and growing on-chain metrics.
Altcoins Take Center Stage
With Bitcoin and Ethereum digesting recent gains, traders have shifted focus to altcoins seeking outsized returns. Stellar’s XLM has surged over 100%, outperforming most large-cap peers, while XRP has been steadily climbing toward its long-standing high of $3.40. The renewed appetite for these tokens reflects optimism around network upgrades and regulatory clarity.
Stellar’s Meteoric Rise
XLM’s rally gained momentum after breaking through $0.15 resistance, spurred by new partnerships in cross-border payments and decentralized finance. On-chain data shows a spike in daily active addresses and transaction counts, suggesting growing user adoption. Technical analysts point to a decisive move above the 200-day moving average as a bullish signal that could propel the token toward $0.25.
XRP’s Path to a New Record
XRP’s journey toward $3.40 has been bolstered by positive developments in its regulatory saga and renewed institutional interest. The token recently cleared $3.00, driving market enthusiasm. Whale activity has increased, with large transfers hinting at accumulation. If momentum holds, XRP could challenge its all-time high in the coming weeks.
