XLM Rockets Over 100%; XRP Approaches Historic $3.40 High
Terence Zimwara
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14304 views
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Markets and Prices
Since early July, XLM and XRP—both co-founded by Jed McCaleb—have surged amid a broader altcoin rally. XLM has outperformed most top altcoins in the short term, yet historically it trails behind XRP in market strength.
XLM Momentum Fueled by Ecosystem Growth?
Since the start of July, XLM and XRP, two digital assets engineered to revolutionize global cross-border payments and remittances, have demonstrated exceptional upward trajectories. XLM has recorded a staggering ascent of over 100%, while XRP has likewise surged by nearly 50%. Both XLM and XRP were co-founded by Jed McCaleb.
Although the remarkable gains witnessed by both digital assets have indeed coincided with the broader onset of an altcoin season, their individual surges have outstripped the performance of the vast majority of other altcoins, signaling particularly robust momentum within their specific payment-focused niche.
XLM Rockets 100%+; XRP Approaches Historic $3.40 High
As shown by data, XLM, the native digital asset of the Stellar network, has significantly outperformed many top 20 altcoins. It surged by an impressive 61.3%, reaching a price of $0.47 as of July 17 at 7:09 a.m. EST. This substantial momentum for the digital asset appeared to be driven by the Stellar Development Foundation’s announcement of key hirings, aimed at spearheading efforts to expand its brand outreach. Furthermore, XLM’s performance seems aided by reports that Thorwallet now fully supports the digital asset.
XLM’s rally has ignited fervent speculation among its social media backers regarding the possibility of breaching its all-time high of $0.8756. This potential breakthrough carries considerable weight, given that XLM had largely traded below the $0.50 mark since 2018, with only brief exceptions in 2021 and 2024.
XRP’s Resurgence Nears All-Time High
Meanwhile, XRP, which attained its peak at $3.40 in 2018, appeared to follow a comparable trajectory of prolonged suppression, languishing below $1 for an extended period, save for late 2021 and early 2022. However, a notable shift occurred in the second half of November 2024, as XRP has decisively traded above $1 since then. As shown by the data, the digital asset stood less than 5% away from its own all-time high.
Over the last seven days, XRP, which recently became the third-ranked digital asset by market capitalization, was up by approximately 33.9%, making it the third-best gainer of the week after XLM and HBAR (39.8%).
While XLM has demonstrably outpaced XRP in recent weeks, showcasing superior short-term gains, a review of the digital asset’s broader performance data since its 2015 launch reveals a consistent trend: XLM has historically played a secondary role to XRP, solidifying XRP’s long-standing position as the more dominant performer in their shared market segment.
Meanwhile, a surge in the performance of numerous altcoins—far outpacing Bitcoin’s modest 9.4% gains over the past seven days—strongly signals that the much-anticipated altcoin season may be gathering steam. This narrative is further reinforced by a notable dip in Bitcoin’s market dominance, which slipped from 63% to 60.98% on July 17.
Some observers see this shift underscoring a growing investor appetite for alternative digital assets, as capital rotates out of BTC and into smaller, high-beta tokens that traditionally outperform during bullish market phases.
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