XLM Unleashed: Bullish Rally Mirroring XRP, Plus Trump’s Monumental Crypto Nod
The crypto market is buzzing with excitement, and for good reason. As XRP continues its impressive ascent, all eyes are now turning to Stellar’s XLM, which appears poised for a significant bullish rally. But that’s not all; a monumental shift in the political landscape, spearheaded by Donald Trump, is set to redefine the future of digital assets. This past week, from July 13-19, delivered a torrent of news that could shape your investment strategy and understanding of the evolving crypto world.
Trump’s Monumental Crypto Nod: What Does It Mean for Your Portfolio?
US President Donald Trump made headlines by signing one of his administration’s first bills related to crypto and blockchain into law. The ‘Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act’ was signed on Friday, marking a significant step for digital assets in the United States. The ceremony saw the presence of numerous crypto executives and high-ranking Republicans, signaling a growing political embrace of the sector.
Attendees included key figures such as Kraken co-CEO David Ripley, Gemini co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino, and Robinhood CEO Vladimir Tenev. This bipartisan support for crypto is a clear indicator of its increasing legitimacy.
Beyond the stablecoin bill, reports suggest Trump eyes an executive order that could open up 401(k) retirement funds to alternative assets, including cryptocurrencies. This potential move could unlock trillions in institutional capital, fundamentally changing how everyday Americans can invest in digital assets. This ‘Trump crypto’ initiative aims to investigate the best path forward and remove obstacles, promising a future where crypto plays a larger role in mainstream finance.
Is XLM Primed to Follow XRP’s Astounding Surge?
The past week saw XRP reach new year-to-date highs, leaving some investors, like Barstool Sports founder Dave Portnoy, with regrets. Portnoy admitted to selling most of his XRP just weeks before its surge, stating, ‘I would’ve made millions, and I want to cry.’ XRP broke its yearly high of $3.29, surging to $3.60, marking a 19.61% gain in 24 hours at the time of publication.
Now, attention shifts to Stellar’s XLM, which analysts believe is setting up for significant upside. Stellar looks poised for a 35% price rally, mirroring XRP’s recent performance. XLM is consolidating within an ascending triangle, a bullish continuation pattern characterized by rising lows and horizontal resistance. A breakout above the $0.52 resistance could confirm the pattern, triggering a rally toward $0.63 by August. This target is derived by adding the triangle’s maximum height to the breakout point, indicating a strong potential for XLM to follow in XRP’s footsteps.
Understanding the Latest Bitcoin Whale Movements
The crypto market also witnessed significant movements from a Satoshi-era Bitcoin whale. This whale, holding 80,201 Bitcoin, recently shifted their remaining 40,192 Bitcoin, valued at $4.77 billion, to Galaxy Digital. This follows an earlier transfer of 40,009 BTC to the same asset manager just days prior. In total, the whale has moved 80,201 Bitcoin, equating to $9.6 billion, to Galaxy Digital in four days.
During this period, at least 6,000 Bitcoin were also sent to major crypto exchanges Binance and Bybit. Such large-scale movements by long-dormant wallets often spark discussion about market sentiment and potential future price action. While some view it as a sign of potential selling pressure, others see it as a strategic repositioning of assets within institutional frameworks.
How is Crypto Adoption Evolving Across Generations?
Cryptocurrency payments are gaining traction across diverse user groups, extending beyond speculative trading to everyday purchases and high-value transactions. A recent Bitget Wallet survey of 4,599 crypto wallet users highlights interesting trends in crypto adoption:
- Gen Z Users: Show high engagement in daily transactions. 39% spend crypto on gaming, and 36% use it for daily purchases and travel bookings.
- Gen X Users: Lead in high-value spending. 40% use crypto for travel, digital products, and real estate.
This data indicates a maturing landscape for digital assets, with increasing practical use across different age demographics. The findings emphasize growing interest in crypto’s utility, with gaming, daily purchases, and travel bookings emerging as top categories.
Crypto Spending Habits by Generation
| Category | Gen Z Daily Spending | Gen X High-Value Spending |
|---|---|---|
| Gaming | 39% | N/A |
| Daily Purchases | 36% | N/A |
| Travel Bookings | 36% | 40% |
| Digital Products | N/A | 40% |
| Real Estate | N/A | 40% |
Navigating the Week’s Crypto Winners and Losers
The crypto market concluded the week with Bitcoin (BTC) at $118,281, Ether (ETH) at $3,553, and XRP at $3.43. The total market cap reached $3.85 trillion. Among the top 100 cryptocurrencies, some notable gainers emerged:
- Bonk (BONK): +53.65%
- Curve DAO Token (CRV): +51.11%
- FLOKI (FLOKI): +40.43%
Conversely, some altcoins experienced declines:
- Pump.fun (PUMP): -29.73%
- Pi (PI): -5.32%
- Hyperliquid (HYPE): -5.05%
These market fluctuations highlight the dynamic nature of digital asset investments, with rapid shifts possible across various tokens.
Key Insights and Lingering Concerns
The week offered compelling quotes from industry leaders. Anthony Anzalone, CEO of Xion, noted, ‘If anything, I see an inverse correlation between the success of this industry and the memecoin market cap because it reads that capital doesn’t have anywhere better to flow.’ Eric Jackson of EMJ Capital highlighted Ethereum’s potential, stating, ‘Once ETH becomes a productive, staked asset within an ETF wrapper… It’s no longer just ‘digital oil.’ It’s an institutional-grade yield product.’
Despite positive developments, some ‘Fear, Uncertainty, and Doubt’ (FUD) emerged. A former UK National Crime Agency officer was jailed for stealing 50 Bitcoin during a Silk Road 2.0 probe, highlighting ongoing security challenges. Additionally, Michael Saylor’s company Strategy faces multiple securities fraud lawsuits, questioning its Bitcoin investment approach and potential volatility risks. Finally, the IMF reported that El Salvador has not purchased new Bitcoin since signing a loan deal in December 2024, clarifying previous discrepancies in its Bitcoin reserves.
The Road Ahead for Digital Assets
This past week was pivotal for the crypto market. Donald Trump’s administration is clearly signaling a more accommodating stance towards digital assets, with stablecoin legislation and potential 401(k) access. The potential for XLM to follow XRP’s impressive rally offers a compelling narrative for altcoin investors. Meanwhile, insights into crypto adoption across generations confirm the increasing integration of digital assets into daily life.
While challenges like legal battles and illicit activities persist, the overall trajectory points towards greater mainstream acceptance and institutional involvement. As the market continues to evolve, staying informed on regulatory shifts, market trends, and technological advancements will be crucial for navigating the exciting landscape of cryptocurrencies.
