Altcoin Market Nears $1 Trillion as XRP, DOGE, ADA, and XLM Lead the Surge
Highlights
- The TOTAL3 market cap, excluding BTC and ETH, signals a strong altcoin rebound, nearing $1 trillion.
- XRP price surged 12%, with DOGE, ADA, XLM, and HBAR gaining 5-10% over the last 24 hours.
- Ripple’s XRP saw heightened whale accumulation, alongside a $15,000 investment disclosure by U.S. Representative Guy Reschenthaler.
The altcoin market is experiencing a robust recovery, as reflected by the TOTAL3 chart, approaching the $1 trillion mark. This resurgence is led by XRP’s 12% price gain to $2.84, with notable daily trading volume growth. Other altcoins such as Dogecoin (DOGE), Cardano (ADA), Stellar (XLM), and Hedera (HBAR) have followed suit, showing gains of 5-10% in the last day.
Is a New Altcoin Rally on the Horizon?
Following Donald Trump’s election win last November, the altcoin market experienced a major surge until mid-December, followed by a consolidation phase amid Bitcoin’s retracement to $90,000. Today’s altcoin rally coincides with a rebound in Bitcoin’s price, ahead of the U.S. Consumer Price Index (CPI) data release.
Speculation is also building around potential executive orders on cryptocurrency policy during Trump’s upcoming inauguration. These may include the repeal of SAB 121, which requires banks to report digital assets as liabilities.
Per data from Blockchain Center, the Altcoin Season Index is at a critical support level of 49, with analysts predicting a bounce that could trigger the next altseason wave. 
Top Performers: XRP, DOGE, ADA, and XLM
XRP Leads the Market Recovery
XRP has spearheaded the altcoin rally with a 12% price increase, trading at $2.84. Daily trading volume has surpassed $14 billion, marking a 12% jump. Large holders (whales) have increased their holdings, with wallets containing 1-10 million XRP now holding $3.8 billion worth of the asset. Analysts suggest XRP’s next target could be $3.66, indicating continued bullish momentum.
In an unprecedented move, U.S. Representative Guy Reschenthaler disclosed an investment in XRP worth up to $15,000, making him the first U.S. politician to reveal such a purchase. 
DOGE, ADA, and XLM Join the Rally
- Dogecoin (DOGE) saw a 5% rise, trading above $0.35. Open interest in DOGE derivatives also increased by 10%, reaching $4.35 billion.
- Cardano (ADA) gained 6.73%, pushing its market cap past $35.82 billion. The price reversal comes after a period of losses, with open interest rising 11% to $1.22 billion. Whale activity has surged, with 100 million ADA tokens purchased in the last 48 hours.
- Stellar (XLM) recorded an 11% increase, trading close to its critical resistance at $0.50. Its daily trading volume rose 64% to $1.13 billion, while open interest increased by 36% to $317 million.
Conclusion
The altcoin market’s rebound suggests growing confidence among investors, with key tokens showing significant gains amid expectations of regulatory clarity under Trump’s administration. However, traders remain cautious as they monitor upcoming economic data and policy announcements that could further impact the crypto market.
