XRP News Today: Stellar Surges 5% as Altcoin Market Gains Momentum

Stellar (XLM) has surged by 5% in the past 24 hours, reaching $0.25 and attracting significant investor attention. This increase has outpaced XRP, which only saw a modest 0.59% gain to $2.28 during the same period. The divergence in performance has sparked speculation that funds may be shifting towards Stellar in anticipation of a broader altcoin market breakout.

Stellar's recent price action indicates a potential range breakout as it approaches its 50-day moving average at $0.26. The relative strength index (RSI) for Stellar has moved above 50, suggesting neutral momentum with the potential for movement in either direction. If the bullish trend continues, the next target for Stellar is the daily SMA 200 at $0.307. Conversely, if selling pressure emerges, technical support is expected between $0.20 and $0.216.

In contrast, XRP has remained stable above $2.20 despite significant developments within its ecosystem. Notable updates include Mercado Bitcoin's pledge of over 200 million in real-world benefits on the XRP Ledger and Ripple's application for a national banking charter with the Office of the Comptroller of the Currency. These developments are expected to have long-term implications for XRP's value and adoption.

Stellar's surge comes as the broader altcoin market shows signs of momentum. Major tokens, including Ethereum, Solana, Dogecoin, and Cardano, have posted gains ranging from 2% to 5%. Stellar's 15% rise on the day was particularly notable, followed by Raydium and SPX6900, which saw gains of 11.8% and nearly 9%, respectively. The Altcoin Season Index has risen from 22 to 27, indicating that more top 100 altcoins are outperforming Bitcoin, suggesting a shift in investor interest towards the broader altcoin space.

Raydium's recent price uptick can be attributed to the rapid expansion of BonkFun and LaunchLab, two integrated platforms that now form the core infrastructure for meme coin activity on the Solana network. BonkFun serves as the primary launchpad for new meme tokens, while LaunchLab manages token minting, liquidity provisioning, and volume routing, functions that are fully executed through Raydium’s platform. This combined setup now facilitates over half of Solana’s meme coin activity, generating approximately $900,000 in daily fees. Of that, an estimated $110,000 is consistently allocated to buy back RAY tokens from the market, likely supporting RAY’s current price action.

SPX6900, the viral memecoin, is extending its rally for a third straight day despite no clear catalyst, driven by strong community support and sustained grassroots momentum. With year-to-date gains nearing 400%, long-term holder confidence and retail backing continue to fuel the memecoin’s steady climb. The broader digital asset market has seen a slight increase, with the total crypto market capitalization rising by approximately 1.5% to $3.46 trillion by late Asian trading hours on Wednesday. Despite Bitcoin trading less than 3% below its all-time high, repeated failures to breach $110,000 have tempered short-term optimism. However, sentiment remains firmly in the greed zone, with the Crypto Fear & Greed Index holding at 66, indicating that investors are continuing to position for a potential breakout into price discovery.