XRP News Today: Altcoins Outperform Bitcoin as XRP, ADA, and SNORT Surge on Legal Clarity and Market Momentum

Several major altcoins are gaining traction as promising investment opportunities amid a broader crypto market rebound, with some outperforming Bitcoin. Ripple’s XRP, for instance, hit a record high of $3.65 in early July, despite currently trading at $3.17—a 13.2% drop from its peak. Over the past month, XRP has surged 43%, outpacing Bitcoin’s 79% annual gain. The token is seen as a strong contender for further growth due to its legal clarity following a 2023 court ruling that deemed its retail transactions non-securities [1].

Cardano (ADA) has also shown strong momentum, rising 39% in the last month. Analysts predict the token could reach $1.50 by mid-2025 and potentially climb to its all-time high of $3.09 by year-end. ADA’s RSI has dropped from 85 to 54, signaling profit-taking but still maintaining bullish potential. The token is currently supported between $0.85 and $0.90 and faces resistance near $1.15 [1].

Meanwhile, Pi Network’s $PI has seen a dramatic rise of 171% in early May, though it has since corrected to around $0.42. With an RSI of 35 and a falling wedge pattern observed from March to April, $PI could present a buying opportunity for investors with a long-term outlook. Some analysts speculate that the token might hit $3 by fall [1].

In the meme coin space, Snorter ($SNORT) has attracted attention as a Solana-based token with trading bot functionality. It offers a 0.85% trading fee and MEV-resistant swaps, along with staking rewards of up to 162% APY. With $2.6 million raised during its presale and a current token price below $0.10, $SNORT is positioned as an undervalued early-stage project with high growth potential [1].

These developments highlight the shifting dynamics within the crypto market, where altcoins and meme coins are increasingly capturing investor interest and, in some cases, outperforming Bitcoin. As the market continues to evolve, tokens with clear utility, regulatory clarity, and robust institutional backing are emerging as key focal points for traders and investors.

Source: [1] Crypto Price Prediction Today 31 July – XRP, Cardano, Pi Coin (https://cryptonews.com/news/crypto-price-prediction-today-31-july-xrp-cardano-pi-coin/)