Payment Tokens: XRP and XLM Compete in an Early Year Bullrun?

Bittime - Cross-border payment token Ripple (XRP) saw a surge of nearly 15% in the last 24 hours, hitting an intraday high of $2.44 in early trading in Asia on January 2. This is XRP's highest level since mid-December, when the payment coin led the market's move into the new year.

In early December, the Ripple token soared to more than $2.90, recording a seven-year high, but fell back to $2 by the end of the month. Ripple CEO Brad Garlinghouse stated on January 1, “Momentum and increased focus on real-world utility continues to grow.”

Altcoins Leading Toward 2025?

On New Year's day, a community member known as ‘Jack the Rippler’ noted that the fintech company had released 500 million XRP from their monthly escrow, “on an interesting note!” The transaction memo said, “January 20 is right around the corner,” and “Donald Trump will return to the White House, and we will make crypto great again.”

Many unverified rumors are circulating about Ripple collaborating with the new Trump administration. Jack also added that XRP “has broken out of a descending triangle pattern and is ready to head towards $3!”

XLM performance compared to XRP

Meanwhile, Stellar Lumens (XLM), which is a fork of XRP, also performs well, usually following XRP's momentum. XLM surged 28% on the day, hitting an intraday high of $0.456 during the morning trading session in Asia. 

Stellar briefly skyrocketed above $0.60 in late November, but is still down 50% from its all-time high in 2018.

Read too How to Buy XRP (XRP)

Cardano (ADA) Performance

Cardano (ADA) also performed well with a 10% gain to reach $0.95, its highest price in the last two weeks. Other altcoins experiencing gains include Avalanche (AVAX), Chainlink (LINK), and Hedera (HBAR).

Bitcoin Consolidation Continues

Bitcoin rose just 1.3% on the day, hitting more than $95,000 during morning trading on Thursday. The asset has remained in a consolidation phase since falling below $100,000 in mid-December. 

BTC dominance currently stands at 57.44%, down 7% since hitting a multi-year peak of nearly 62% in late November during a strong rally.

Latest XRP to IDR prices

Price Latest XRP to IDR via Market Endtime

Currently, the price of XRP is at 38,989 IDR, an increase of 12.94% in the last 24 hours. The chart shows that XRP reached an intraday high of 39,863 IDR and a low of 34,265 IDR in a 24-hour period.

The Bollinger Bands indicator shows that XRP price is near its upper limit, which could indicate the potential for consolidation or reversal if the price cannot break through that level. Trading volume reached 457,572K, indicating quite high activity.

The Stochastic RSI indicator is at 65.56, approaching the overbought zone, while MACD is showing a positive value at 1,377, indicating bullish momentum. Overall, this analysis shows that XRP is on an uptrend, but it is worth watching for potential consolidation or reversal if the price cannot maintain the current momentum.

Latest XLM to IDR prices

Price Latest XLM to IDR via Market Endtime

Currently, the price of Stellar Lumens (XLM) is at 6,983 IDR, experiencing a significant increase of 24.38% in the last 24 hours. The chart shows that XLM reached an intraday high of 7,491 IDR and a low of 5,597 IDR in a 24-hour period.

The Bollinger Bands indicator shows that the XLM price is near its upper limit, which could indicate a potential consolidation or reversal if the price cannot break through that level. Trading volume reached 204,742K, indicating quite high activity.

The Stochastic indicator RSI is at 75.72, approaching the overbought zone, while MACD is showing a positive value at 26, indicating bullish momentum. Overall, this analysis shows that XLM is in a strong uptrend, but it is worth watching for potential consolidation if the price cannot maintain the current momentum.

Conclusion

Some analysts believe that a major altcoin rally will occur in the first three months of 2025, and this could come at the expense of BTC if capital shifts to altcoins.

With XRP and XLM showing strong performances, the competition between these payment tokens is getting interesting to follow at the start of this year.

FAQ about XRP and XLM in the Early Year Bullrun

1. What caused the XRP and XLM price spike in early 2025?

The price spike of XRP and XLM in early 2025 is due to increased momentum and focus on the real-world utility of these tokens. XRP saw a rise of nearly 15% in the last 24 hours, while XLM jumped 28% on the same day. Additionally, rumors about Ripple's collaboration with the new government also contributed to the positive sentiment in the market.

2. How does XRP perform compared to XLM currently?

Currently, XRP is showing stronger performance than XLM, with the price of XRP reaching $2.44 and the potential to rise even higher. Meanwhile,

3. What to expect from the altcoin market in the next few months?

Some analysts predict that there will be a big rally for altcoins in the first three months of 2025. If this happens, it could shift capital from Bitcoin (BTC) to altcoins like XRP and XLM. With BTC's dominance decreasing, altcoins are expected to attract the attention of more investors and experience significant price increases.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Martin Young, Payment Tokens XRP and XLM Surge in New Year Altcoin Rally, Accessed January 2, 2025

Author: IN