XRP News Today: Stellar XLM Surges 12.3% as CoinDesk 20 Gains 2.8%

Generated by AI AgentCoin World
Friday, Aug 8, 2025 9:23 am ET1min read
XLM
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Aime RobotAime Summary

- Stellar (XLM) surged 12.3% while Ripple (XRP) gained 8%, driving the CoinDesk 20 index up 2.8% amid market consolidation.

- Analysts linked XLM's rally to cross-border payment infrastructure developments, though no macroeconomic factors directly correlated to the gains.

- The index's broad-based rally highlighted renewed investor focus on utility-driven altcoins, with 19 of 20 components trading higher.

- Short-term momentum dominated over long-term forecasts, as gains occurred without analyst price targets or institutional volume shifts.

CoinDesk 20 Performance Update:

Stellar
(XLM) Surges 12.3%, Leading Index Higher
Ripple
(XRP) was also a top performer, gaining 8% from Thursday.

Stellar (XLM) led the performance of the CoinDesk 20 index on Friday with a 12.3% surge, contributing to an overall upward movement in the benchmark [1]. Ripple (XRP) followed closely as a top performer, gaining 8% from Thursday’s close [1]. The gains highlight renewed investor interest in both assets amid broader market consolidation. XLM’s strong move positioned it as the standout performer in the index, outpacing other major cryptocurrencies in the 24-hour window [1].

The CoinDesk 20 is currently trading at 4044.63, up 2.8% (+111.1) since 4 p.m. ET on Thursday [1]. Nineteen of the 20 assets in the index are trading higher, reflecting a broad-based rally. The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally [1].

Analysts have pointed to recent developments in cross-border payment infrastructure as potential catalysts for the XLM rally, though no direct correlations to external macroeconomic factors were explicitly cited in the data [1]. XRP’s 8% gain reinforced its resilience in a volatile market, with the token continuing to draw attention amid ongoing legal and regulatory developments [1]. The combined momentum of XLM and

XRP
helped drive the CoinDesk 20 higher, signaling a potential shift in market sentiment toward altcoins with utility-driven fundamentals [1].

The performance underscores the importance of use-case driven assets in maintaining relevance amid broader market fluctuations [1]. Investors appeared to focus on short-term momentum rather than long-term forecasts, as the gains occurred without accompanying analyst predictions or price targets. The CoinDesk 20’s composition, which includes a mix of market cap-weighted and sector-diverse assets, reflects the dynamic nature of the cryptocurrency market [1].

The index’s movement was primarily influenced by the two top performers, with no indication that broader institutional activity or trading volume had significantly shifted [1]. Both XLM and XRP remain within the top 10 most-traded crypto assets, supporting their inclusion in the index. While the gains were positive, the market remains sensitive to macroeconomic shifts, including interest rate expectations and global capital flows [1]. The current rally does not suggest a long-term reversal in market conditions but rather a short-term correction within a broader sideways trend [1].

Source:

[1] Stellar (XLM) Surges 12.3%, Leading Index Higher (https://www.coindesk.com/coindesk-indices/2025/08/08/coindesk-20-performance-update-stellar-xlm-surges-12-3-leading-index-higher)