Crypto Price Prediction Today 11 August – XRP, Ethena, Stellar

The $2.3 trillion market cap crypto progenitor, Bitcoin ($BTC) climbed to an unprecedented price high of $122,838 last month, intensifying speculation that a post-halving bull run could be imminent. This morning UTC it came close to setting a new record, peaking at $122,227. The price surge has reignited interest across the crypto sector, from major altcoins to the best meme coins . Over the past 12 months, coins such as XRP, TRON, Solana, Sui Network, Pepe, Trump, SPX6900, and FartCoin have all notched fresh all-time highs (ATHs). Adding to the sense of momentum, U.S. regulators appear to be inching closer to a comprehensive framework for digital assets. Firstly, Trump signed the GENIUS Act on July 18, the first federal regulatory system for stablecoins, four days after Bitcoin’s ATH. The Securities and Exchange Commission also recently unveiled “ Project Crypto ,” a proposed overhaul of securities oversight designed to bring long-demanded clarity to the cryptocurrency sector. With sentiment leaning bullish, several analysts believe the following altcoins could challenge previous records in the months ahead. Ripple (XRP): UN and White House-Endorsed Cross-Border Payments Crypto On July 18, Ripple’s XRP ($XRP) reached $3.65, eclipsing its 2018 peak of $3.40. While the token has since eased to about $3.20, an 11.7% drop, it has rebounded by 7% over the past 24 hours as its relative strength index remains above 50, hinting at more buying than selling. XRP’s appeal lies in its fast transaction speeds, low fees, and global payments system that operates outside traditional banking rails. Its efficiency has led to adoption by institutions and endorsements from organizations, including the United Nations. Ripple CEO Brad Garlinghouse was one of the few crypto network execs invited to Trump’s White House crypto summit back in March. The asset’s legal outlook brightened in 2023 when a U.S. court determined XRP’s retail sales were not securities, a ruling that closed a long-running lawsuit this year and spurred new investment flows. Over the last year, XRP has gained 455%, outpacing Bitcoin’s 98% rise. Technical data shows a bullish flag pattern between its descending support and resistance lines from January to early April, indicating a breakout that started in June, which may not yet have lost its momentum. The coin has risen 14% in the past month alone, well ahead of Bitcoin’s 2% climb. Having traded high above its 30-day moving average through July, it has now converged with this metric. XRP has also demonstrated firm support near $3, limiting downside risk. Taken altogether, the signs suggest a possible move toward $4 in the near term. Ethena ($ENA): Blockchain-Native Stablecoin Solution Primed for Major Rally? Ethena is a decentralized finance (DeFi) protocol seeking to create a crypto-native alternative to traditional stablecoins. Its main product is USDe, a synthetic dollar pegged to the U.S. greenback that isn’t backed by bank-held reserves. Instead, USDe is supported by crypto collateral, primarily Ethereum, and maintained through a mix of on-chain assets and delta-hedging strategies in derivatives markets. This design allows USDe to stay stable even during heavy market swings, offering users a dollar-like asset without relying on centralized stablecoin issuers like USDT or USDC. Over the last week, ENA has blown up 30%, far outpacing robust cryptos like Bitcoin and XRP, which only rose 5% and 7% respectively. Added to that, it has posted an astounding 147% gain over the past 30 days. This buying spree has led to an overheated relative strength index (RSI) of 74, which means some profit-taking is likely to occur over the week, consolidating its price around current level, or inducing a slight dip to bring its price back in line with the 30-day moving average, but ENA bulls will likely chase another rally soon, especially if Bitcoin climbs back up. Stellar (XLM): Veteran Payments Crypto Could Be Next to Break Price Records Founded in 2014 by Ripple co-founder Jed McCaleb, Stellar ($XLM) is one of the crypto market’s more established projects, targeting cross-border payments with a focus on speed and low cost. Like XRP, Stellar has been endorsed by the United Nations for its potential role in a future global payments network free of intermediaries. The difference between the projects is largely to do with accessibility. Stellar is open to the public, while XRP and the Ripple ledger are more for entities that transact large amounts with banks. Rather than using Bitcoin’s Proof-of-Work mechanism, Stellar relies on the Stellar Consensus Protocol, which processes transactions through a network of trusted validators without competitive mining. With a market capitalization of over $13.7 billion, XLM is currently the 16th-largest cryptocurrency. Analysts say that increasing regulatory clarity in the U.S. could serve as a catalyst for a major rally in the coming months. The token broke out of a bullish flag pattern in mid-July following whale-driven buying activity, climbing 7% over the past week to $0.441 at the time of writing, slightly ahead of Bitcoin’s 5% gains. Resistance is likely near $0.50, but a strong push could see XLM advance toward $0.80 by October, setting the stage to challenge its January 2018 all-time high of $0.8756. Bitcoin Hyper ($HYPER): Meme Culture Meets Bitcoin Layer 2 in Low-Price Crypto Presale In addition to established altcoins, emerging presale projects are drawing attention for their potential to lead the next wave of adoption. Among them is Bitcoin Hyper ($HYPER) , which bills itself as the first Bitcoin Layer 2 protocol infused with meme coin energy. Designed to boost Bitcoin’s scalability and transaction speeds, Bitcoin Hyper combines community-driven culture with technical enhancements. The project has already raised over $8.3 million in presale funding, with some analysts projecting a potential tenfold price increase post-launch. Built with Solana Virtual Machine integration, Bitcoin Hyper enables high-performance smart contracts while avoiding Bitcoin’s slower transaction throughput and higher costs. Its Canonical Bridge technology allows near-instant BTC transfers over its Layer 2 network, and low fees make it suitable for decentralized applications, payments, and meme tokens. Recent audits by blockchain security firms Coinsult and Spywolf reported no security flaws in the project’s smart contracts. The $HYPER token powers the ecosystem, offering staking rewards of up to 130% APY for presale participants, alongside genuine utility in the form of transaction fee payments and governance rights. Visit the official presale website or follow Bitcoin Hyper on X and Telegram for more information. Click Here to Participate in the Presale The post Crypto Price Prediction Today 11 August – XRP, Ethena, Stellar appeared first on Cryptonews .

Source: cryptonews