XRP News Today: Bitcoin Hits $122,540.92 All-Time High, Altcoins Prepare for Breakouts

Bitcoin has recently achieved a new all-time high, reaching $122,540.92 with a daily gain of +3.67% and a weekly increase of +12.3%. This surge has pushed its market cap to $2.43 trillion, with a 24-hour volume surge of 131% to $103.4 billion. The optimism surrounding this bullish trend is fueled by the U.S. House's upcoming vote on crypto-friendly bills and the anticipated $16 billion in 2025 spot ETF inflows, which are expected to tighten BTC’s supply.

As Bitcoin stabilizes post-ATH, market attention is shifting towards altcoins, several of which are showing signs of preparing for their breakout moves toward historic highs. BNB Coin, currently trading at $705.38, has seen a 2.34% increase in the last 24 hours and a 6.5% increase over the week. Despite being below its ATH of $793.35, BNB is gaining momentum due to Binance’s aggressive $1 billion token burn and a record $170 billion in DEX volume in June. The token has recently broken above key moving averages, supported by a bullish MACD-RSI alignment. Additionally, VanEck’s ETF filing for BNB has elevated investor expectations, providing a potential catalyst for BNB to challenge and surpass its previous peak.

XRP has made a strong comeback, now priced at $2.95, with a 5.78% daily increase. Although still trading below its ATH of $3.84, on-chain data shows whale wallets at an all-time high, with 2,743 addresses controlling 47.32 billion XRP. Most of this buying pressure has come from South Korea’s UpBit exchange, accounting for 70% of net inflows. ETF speculation and a powerful technical breakout suggest XRP could soon make a meaningful attempt at revisiting its historic highs from 2018.

Tron (TRX) is slowly but surely making progress, trading at $0.3031, up nearly 0.87% in the last 24 hours and 5.48% over the past week. It’s inching closer to previous local highs as the USDT supply on Tron hit a record $81.77 billion, showing strong demand for stablecoin activity on its network. Founder Justin Sun’s recent proposal to adjust gas fees further boosts TRX’s fundamentals. While it’s still below its long-term ATH, growing utility and network activity make TRX a solid contender in the current cycle.

Hyperliquid’s native token, HYPE, is in an enviable position—having just hit a fresh ATH of $49.86 today, with its current price at $49.26, reflecting a +2.64% daily gain and a staggering 23.2% increase over the week. One of the top-performing blockchains in terms of revenue, HYPE’s rise has been further fueled by an ICO frenzy on Pump.fun that generated over $11 million in shorts. The token is now in price discovery mode and could continue climbing as trading and protocol activity heat up.

Sui has emerged as one of the week’s most explosive altcoins, currently trading at $3.91, up 13.94% in the last 24 hours and 34.09% over the week. Though still below its ATH of $5.35, Sui is displaying high-volume accumulation. Grayscale’s favorable report and tBTC integration into its DeFi ecosystem have improved liquidity flows. Technically, the token just broke out of a 3-month symmetrical triangle pattern at $3.57, signaling the start of a new uptrend.

Historically, after Bitcoin sets a new ATH and consolidates, traders rotate capital into altcoins. This rotation, backed by strong technicals and narratives, often sparks altcoin rallies. HYPE stands out, having just hit a new ATH of $49.86 today, driven by protocol revenue growth and intense trading activity. BNB is just 11% away from its ATH and riding high on DEX demand and ETF hopes. XRP’s whale accumulation and Asian market push could also drive a breakout.