XRP News Today: Stellar XLM Surges 63% Outperforming XRP 39%

XRP, a prominent cryptocurrency linked to Ripple, has recently garnered significant attention due to its substantial rally, reaching a new peak of $3.65. However, another major token, Stellar (XLM), has outperformed XRP, surging by 63% in just seven days, compared to XRP's 39% increase over the same period. XLM is currently the best-performing token in the top 100 on a weekly basis, with other notable performers including Bonk (BONK) and Pudgy Penguins (PENGU), which have surged by 52% and 45%, respectively.

XLM, launched by Ripple co-founder and former CTO Jed McCaleb, tends to track the price and market cap of XRP closely. Ripple CTO David Schwartz previously noted that investors might mentally associate these tokens due to XLM's origin. Following its latest price surge, XLM is approaching the top 10 biggest cryptocurrencies by market capitalization, with a market cap of $15.6 billion. To re-enter the top 10, XLM's market cap would need to more than double to surpass competitors such as Tron (TRX) and Cardano (ADA).

In recent market developments, XRP has been overshadowed by other major cryptocurrencies, particularly FLOKI, BabyDoge, and Mubarak, which are projected to see gains ranging from 30X to 50X. Other notable performers include CULT, BOBO, WOLF, and Broccoli, each forecasted to return 20X or more. These projections highlight a significant shift in investor interest away from XRP, which has historically been a prominent player in the cryptocurrency market.

XRP's performance has been lackluster compared to these emerging coins. Despite its past achievements, such as outperforming Bitcoin over the past week with a 35% climb while Bitcoin gained around 3%, XRP's recent gains have not been as impressive. The token has jumped 8.2% in the last 24 hours and 32% over the past week, reaching approximately $3.25. However, this pales in comparison to the projected gains of other coins.

The reasons behind XRP's underperformance are multifaceted. One key factor is the increasing number of burned coins, with more than 4,500 XRP destroyed in fees on July 15 alone, marking a 100% increase in burned coins over the past week. This reduction in supply could potentially drive up the value of XRP, but it has not yet translated into significant price gains. Additionally, fresh metrics suggest that XRP's engine is revving harder than many investors realize. If the trends hold, it might even outperform Bitcoin in 2025. However, these metrics have not yet materialized into substantial price movements. In the past week alone, XRP gained over 31%, outperforming both Bitcoin (6.3%) and Ethereum (22.8%). This performance is notable but still falls short of the projected gains of other coins.

The market's focus on emerging coins like FLOKI, BabyDoge, and Mubarak indicates a shift in investor sentiment. These coins are seen as having higher potential for growth, with projected gains that far exceed those of XRP. This shift is likely driven by a combination of factors, including the coins' innovative features, strong community support, and favorable market conditions.

In conclusion, while XRP has shown some signs of strength, it is clear that other major coins are outperforming it. Investors are increasingly turning their attention to emerging coins with higher projected gains, leaving XRP in the shadows. The future of XRP remains uncertain, but its current performance suggests that it may struggle to regain its former prominence in the cryptocurrency market.