The market is moving higher this week, driven by improving sentiment and pivotal regulatory shifts. The passage of the GENIUS Act in the U.S. has delivered a clear positive signal to global markets—establishing a formal framework for stablecoin issuance and trading in the country. Institutional appetite is rising, altcoin rotations are picking up speed, and technical setups across the board look constructive.
Here’s a snapshot of key movers:
Bonk (BONK): Leading Altcoin Momentum
BONK has surged to ~$0.000033 over the last week, riding a wave of improving market sentiment and aggressive rotation into memecoins. The rally accelerated after BONK was added to Grayscale’s institutional watchlist, a milestone that added legitimacy to the Solana-based token.
The GENIUS Act news further fueled upside, helping BONK decisively break multiple resistance levels. Traders are now watching $0.000035 as the next psychological target, while BONK continues to stand out as a volume and price leader in the current altcoin surge.
Ripple (XRP): Exceeding 2018 Highs
XRP is up over 19% week-on-week at the time of writing, trading near $3.50—its highest level in years. The move is being driven by renewed whale accumulation, institutional positioning, and growing speculation around a potential XRP ETF.
These gains have been characterized by XRP exceeding its 2018 high of $3.36, breaking highs of $3.65 on Friday, nearing a total market cap of $200 billion – with traders eyeing highs of $3.84. Trading volumes have surged above average as leveraged positioning returns, reinforcing XRP’s relevance as a large-cap asset with institutional backing.
Stellar (XLM): From “Most Bullish Chart in Crypto” to Mixed Signals
Stellar’s XLM consolidated just below $0.52 last week in what many analysts were calling the “most bullish chart in crypto.”, having formed an ascending triangle pattern—considered a classic bullish continuation.
However, as of today, XLM has fallen almost 5% to $0.47 after repeatedly failing to break above the $0.50 resistance, with sentiment turning cautious as traders face mixed technical signals. The next few days will be critical in determining whether this is a short-term pullback or the start of a deeper decline.
