XRP News Today: Bitcoin Nears $120,000 as Altcoins Gain Traction

As Bitcoin (BTC) continues its steady ascent towards the $120,000 threshold, altcoins with innovative infrastructure and clear use cases are gaining significant traction. Ethereum (ETH) and XRP (XRP) remain dominant due to their scale, network effects, and improving institutional sentiment. Meanwhile, Hyperliquid (HYPE) and Ondo (ONDO) reflect growing investor interest in niche yet scalable Web3 applications, including derivatives and tokenized assets.

Bitcoin is currently trading at around $117,628, with a slight increase of 0.1% in the last day. The market data reveals that Bitcoin has been holding the support of $117,103 and resistance has been established at the level of $118,158. This trend has led analysts to highlight a group of altcoins with incredible strength and upside potential as BTC momentum could indicate a larger crypto market breakout.

With Bitcoin surging, a variety of different altcoins are also gathering attention as potential high-performers in the next market cycle. These include Ethereum (ETH), XRP (XRP), Hyperliquid (HYPE), and Ondo (ONDO), which all exhibit unique traits and recent behavior that could see them gain momentum the next time the market enters a bull market.

Ethereum remains the second-largest cryptocurrency by market cap and continues to see growing activity in decentralized finance (DeFi), non-fungible tokens (NFTs), and staking protocols. Industry observers have reported ongoing capital inflow and validator growth as measures of renewed confidence within the Ethereum platform. Its upcoming scaling solutions, including Proto-Danksharding upgrades, are expected to further optimize network efficiency, leaving Ethereum a continued topic of interest as BTC approaches a new all-time high.

XRP continues to dominate the headlines as regulatory clarity surrounding the asset status within the U.S. increases, allowing re-listings and institutional involvement to occur. Although XRP did not perform as well as other majors during previous cycles, analysts have suggested that this is due to its advanced payment settlement infrastructure and an entrenched position in cross-border payments, which may form the basis of a flipping narrative should macro liquidity conditions shift in favor of crypto assets once more.

The emergence of Hyperliquid (HYPE) as a non-EVM native derivatives platform has placed it under the spotlight. With unparalleled user growth and volume acceleration, HYPE is establishing itself as a top-tier decentralized perpetual exchange. Reports show that the platform is gaining users due to its innovative trading architecture, which offers ultra-low latency and high performance without reliance on Layer-2 bridges.

ONDO (ONDO) is a profitable foray into real-world asset tokenization, exposing investors to short-term Treasuries and corporate bonds using blockchain technology. Investors pointed out that ONDO gained traction with growing demand for yield-bearing tokenized products—a market that continues to expand, especially during risk-off market conditions. Its exposure to traditional finance via regulation distinguishes it from the majority of altcoins.