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XRP climbs to $2.44 as XLM surges 28%

XRP climbs to $2.44 as XLM surges 28%

GrafaGrafa2025/01/03 03:50
By:Mahathir Bayena

Ripple’s XRP (CRYPTO:XRP) and Stellar (CRYPTO:XLM) experienced notable gains as the new year commenced, leading an altcoin rally.

XRP surged by nearly 15% over the past 24 hours, reaching an intraday high of $2.44 during early trading hours in Asia on January 2.

This marks its highest level since mid-December, showcasing a strong recovery after dipping to $2 late last month.

“Momentum and increased focus on real-world utility continues to build,” Ripple CEO Brad Garlinghouse commented on the rally.

XRP had previously reached a seven-year high of $2.90 in early December but retraced as the month ended.

“January 20 is around the corner. Donald Trump will be in the White House, and we are going to make crypto great again,” noted community member "Jack the Rippler," highlighting Ripple’s release of 500 million XRP from escrow on January 1 with the peculiar memo accompanying the transaction.

The statement has fueled speculative discussions about Ripple's potential ties with the incoming Trump administration.

Stellar (XLM), closely linked to XRP due to its shared history, also witnessed significant gains, surging 28% to hit an intraday high of $0.456.

While still 50% below its 2018 all-time high, XLM’s performance mirrors the broader momentum seen across payment-focused tokens.

Other altcoins, including Cardano (CRYPTO:ADA), Avalanche (CRYPTO:AVAX), Chainlink (CRYPTO:LINK), and Hedera (CRYPTO:HBAR), also recorded gains, with ADA climbing 10% to $0.95, its highest level in two weeks.

Meanwhile, Bitcoin (CRYPTO:BTC) saw modest gains of 1.3%, trading at $95,000.

BTC dominance has fallen to 57.44%, as analysts predict a potential altcoin rally in early 2025, driven by capital rotation from Bitcoin to alternative cryptocurrencies.

At the time of reporting, the XRP price was $2.41 and the Stellar (XLM) price was $0.4355.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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