Cryptocurrency XRP heads significant altcoin surge, with Cardano, Chainlink, and SUI also witnessing double-digit rises.
In the world of cryptocurrency, the past few days have been marked by a significant surge in the prices of several altcoins, including XRP, XLM, LINK, Sui, Cardano (ADA), Hyperliquid (HYPE), Solana (SOL), and Ethereum (ETH).
The recent rally can be attributed to a combination of factors, according to analysts. Illia Otychenko, Lead Analyst at CEX.IO, points out that it's not just the end of the SEC and Ripple's appeals that has fueled the momentum, but also other contributing factors.
One of the key catalysts for XRP's price surge has been the dismissal of the SEC’s case against Ripple Labs and the withdrawal of appeals. This legal clarification that XRP is not a security in secondary markets has sparked a strong rally for XRP, pushing its price up over 11% and driving a surge in institutional trading volume by 208%. XRP broke key resistance levels around $3.25, a significant milestone in its price journey.
Other altcoins like XLM and LINK have also benefited from this positive regulatory environment. Chainlink (LINK) is advancing its role in real-world asset (RWA) tokenization through its CCIP protocol and Proof of Reserve services, leading analysts to predict a potential price rally toward $95-$100 if momentum sustains.
Buying pressure and market speculation have also played a role, as seen in XRP’s earlier 700% rally between November 2024 and January 2025. Growing interest in rival payment platforms such as Stellar (XLM), which is catching up in the payment solution race, has further contributed to the surge.
Market dynamics such as whales withdrawing significant amounts of LINK from exchanges suggest holders expect price appreciation and are preparing to hold long term, amplifying bullish sentiment.
The end of the SEC vs. Ripple litigation has been a major catalyst for XRP’s recent price surge, restoring confidence and triggering increased institutional trading. The ripple effects have boosted other altcoins like XLM and LINK, as the market anticipates broader adoption and easier regulatory environments for crypto payment solutions and cross-chain infrastructure.
However, while some price predictions remain optimistic and debated, the immediate impact of regulatory clarity and growing product use cases have unquestionably underpinned the recent rallies in these altcoins.
Meanwhile, Ethereum (ETH) posted a 4.6% gain, and Solana gained 3.5%. The global crypto market cap has gained 1.2% in the past day, reaching $3.89 trillion.
In other news, Trump signed an executive order allowing crypto in 401(k) retirement plans, which may have contributed to the change in sentiment in the crypto market. The SEC's clarification that certain liquid staking activities are not securities has also been identified as a catalyst for the change in sentiment.
As the crypto market continues to evolve, it's clear that positive news flow and liquidity inflows can have a significant impact on the prices of various cryptocurrencies. Mal Zane, Regional Director at crypto exchange CoinEx, predicts a potential technical breakout for XRP above $3.33, which could pave the way toward $3.65 in the coming days. However, a break of $3.10 in XRP's price could pause its run, with downside likely toward $2.80.
85% of Myriad Market users are now confident that Ethereum will surpass $4,000 before the end of the month, an increase from yesterday's 54%. The Fear & Greed Index has been pushed back into the greed zone due to the rapid change in sentiment in the crypto market.
In summary, the crypto market is experiencing a surge in several altcoins, driven by positive regulatory developments, increasing institutional interest, and growing adoption/use cases. The end of the SEC vs. Ripple litigation has been a major catalyst for XRP’s recent price surge, but other altcoins like XLM, LINK, Sui, ADA, HYPE, SOL, and ETH have also seen significant gains. As the market continues to evolve, it's important to stay informed about the latest news and developments to make informed decisions.
- The surge in the prices of altcoins like XRP, XLM, LINK, Sui, Cardano (ADA), Hyperliquid (HYPE), Solana (SOL), and Ethereum (ETH) can be attributed to a combination of factors, including positive regulatory developments and growing institutional interest.
- The dismissal of the SEC’s case against Ripple Labs and the withdrawal of appeals has been a major catalyst for XRP’s price surge, driving a surge in institutional trading volume and pushing its price up over 11%.
- Other altcoins like XLM and LINK have also benefited from this positive regulatory environment, with Chainlink (LINK) leading analysts to predict a potential price rally toward $95-$100 if momentum sustains.
- Buying pressure and market speculation have played a role in the surge, as seen in XRP’s earlier 700% rally between November 2024 and January 2025.
- Market dynamics such as whales withdrawing significant amounts of LINK from exchanges suggest holders expect price appreciation and are preparing to hold long term, amplifying bullish sentiment.
- The global crypto market cap has gained 1.2% in the past day, reaching $3.89 trillion, with Ethereum (ETH) posting a 4.6% gain and Solana gaining 3.5%.
- In other news, positive regulatory developments, such as the SEC's clarification that certain liquid staking activities are not securities, have been identified as a catalyst for the change in sentiment in the crypto market.
