This week, several US-based cryptocurrencies have seen significant price increases, drawing attention from investors and analysts. XRP, Hedera, Algorand, and Stellar have all surged, driven by regulatory developments, technical signals, and growing adoption. Below is a breakdown of their recent performance and what may lie ahead.
XRP Jumps 25%, Reaches 2018 Highs
XRP was created by Ripple to support fast and inexpensive global payments. The XRP Ledger enables high-speed settlement, and Ripple has partnered with financial institutions to include XRP in their cross-border payment systems.
XRP gained 25% this week, with the token briefly climbing above $3.60 before consolidating around $3.50. The price spike helped push the total market capitalization of XRP up by $40 billion in just a few days, landing near $208 billion.
This surge follows increasing interest from institutional investors, including notable whale activity and a record $12 billion in futures open interest, according to CoinGlass. Exchanges have reported heavier flows in recent sessions, especially after the passage of new U.S. regulations such as the GENIUS Act.
Read also: Did XRP Hit a New All-Time High? It’s Complicated
HBAR Jumps 26% This Week
The Hedera platform runs on a hashgraph structure rather than a standard blockchain. This allows for faster, cheaper, and more energy-efficient transactions. The network is primarily focused on enterprise use, offering tools for tokenization, governance, and data validation. The council that governs Hedera includes well-known global companies such as Google, Boeing, and LG.
HBAR, the native token of the Hedera network, jumped by 26% this week, peaking near $0.30 before easing slightly to trade around $0.27. The rally was supported by rising futures interest – around $525 million – and the appearance of a “golden cross” technical pattern, which often signals bullish momentum.
Hedera might be connected to emerging projects around AI governance and potential government partnerships. Combined with strong trading activity, these rumors have kept upward pressure on HBAR. If it stays above the $0.24 level and breaks past $0.30 again, analysts suggest the next possible target could be around $0.50.
Algorand Surges 28% After Breakout Above $0.28
Algorand uses a pure proof-of-stake consensus model and was founded by MIT professor Silvio Micali. It is known for fast transaction speeds, low fees, and decentralization. The platform supports decentralized finance, stablecoins, digital identity solutions, and asset tokenization. Partnerships across various sectors, including finance, government, and entertainment add to its appeal.
Algorand has gained 28%, with its price spiking from the low level of $0.253 to $0.334 before stabilizing near $0.30. The movement was triggered by a strong technical breakout, with the price clearing both a double-bottom formation and resistance levels near $0.28.
Recent developments, such as staking support from Binance and Crypto.com, and the integration with the Wormhole bridge for cross-chain compatibility, added fuel to the rally. Analysts expect $0.38, $0.47, and $0.61 could be the next targets, depending on further adoption.
XLM Surges 12% – Breaks Key Resistance
The Stellar network focuses on fast, low-cost cross-border transactions. It runs on a consensus model known as the Stellar Consensus Protocol, which is a variant of the federated Byzantine agreement system. The network also supports smart contracts through its Soroban framework and has longstanding connections with companies such as IBM through projects like World Wire.
Stellar’s XLM token posted one of the largest percentage gains this week, soaring by 12%, reaching as high as $0.52 before settling to the current level of $0.46. The breakout helped the token clear major resistance levels and gain momentum alongside XRP, its commonly-linked peer in the payment space.
XLM’s surge is partly tied to XRP’s performance, as well as a broader uplift in market sentiment driven by U.S. regulatory clarity. Chart patterns remain strong, and sentiment indicators suggest continued optimism. If XLM continues trading above the $0.47 support level, analysts believe another test of $0.50 is possible in the near term.
Final Words
This week’s major gains in XRP, HBAR, Algorand, and Stellar highlight the growing momentum behind US-based cryptocurrencies. Regulatory developments, technical breakouts, and institutional interest have driven their surges, with each token showing strong bullish signals. While short-term pullbacks are possible, the overall trend remains positive, supported by adoption and partnerships.
