XRP Leads Altcoin Rally as Bitcoin Hits New High

XRP has emerged as one of the top-performing altcoins amid a powerful cryptocurrency market rally, triggered by Bitcoin’s ascent to a new record high. As of today, XRP has posted impressive gains, reflecting renewed investor confidence across the sector.

The crypto market has been buzzing after Bitcoin soared to a fresh all-time high of $118,287.46. While Bitcoin rose 3.3% in the last 24 hours, altcoin momentum proved even stronger, with several high-cap tokens outpacing it — chief among them, XRP.

XRP surged by 10.4% in just one day, rising to $2.75. This move reflects growing optimism in Ripple’s ecosystem, while the broader altcoin market sees renewed bullish sentiment. Ripple’s continued progress in institutional finance and legal clarity in key jurisdictions have likely helped fuel XRP’s current upswing.

Cardano (ADA) also joined the rally, climbing 12% to $0.73, marking another standout performer among smart contract platforms. Meanwhile, Dogecoin displayed notable momentum with a 12.6% increase, reaching $0.2086. On the other hand, despite being supported by a massive ecosystem, BNB saw a modest gain of 3.1%.

Solana also contributed to the upswing, trading at $164.77 after a 2.4% rise, while Hyperliquid’s (HYPE) price reached a new peak of $46.45, thanks to an 8.3% gain. However, Stellar (XLM) stole the spotlight by rallying an incredible 24.3% to settle above $0.37.

These price movements reflect robust investor sentiment across alternative assets. According to Coinglass, the surge led to over $1 billion in liquidations over the same time period, as traders bet aggressively on both sides of the market.

While XRP’s rally is significant, it’s not happening in isolation. Other sectors also contributed notable moves. Tokens tied to artificial intelligence and NFT applications have seen outstanding short-term performance. NFT-related tokens climbed by 16.9% on average, largely due to a 23% surge in Pudgy Penguins (PENGU), which now trades at $0.0234.

On the artificial intelligence front, the Story (IP) token jumped 32%, pushing the entire AI sector to average gains of 10.9%. Meanwhile, memecoins remained an active category, with the MemeCore token leading the field after surging more than 80%.

The mix of established assets like XRP and emerging niche tokens highlights the varied interest from both retail and institutional participants. XRP’s recent strength reinforces its status as a cornerstone in the digital asset ecosystem, amid a wave of renewed investor enthusiasm that is sweeping across cryptocurrencies.

Related: XRP Price: $12M Max Pain for Bears

As Ethereum traded near the $3,000 mark with a 6.1% jump and Bitcoin continued to hold its dominant position, altcoins like XRP prove that the alternative asset sector is entering a new period of vitality.