Major cryptocurrencies are experiencing notable gains, with Cardano (ADA) and XRP leading the surge among large-cap altcoins. Over the past week, Cardano ended its downtrend with a strong 17% rally, reclaiming key support and signaling renewed bullish momentum. XRP also posted significant advances, with its price climbing over 24% in a single day, buoyed by optimism around Ripple’s ongoing legal battles and increasing institutional interest. These rallies are part of a broader altcoin resurgence, as investors shift focus from Bitcoin to high-potential alternative assets.

The surge in Cardano and XRP follows several catalysts. Cardano’s price action has been driven by technical patterns such as a double-bottom formation and an ascending channel, with whale wallets accumulating ADA and reinforcing confidence in its long-term prospects. Meanwhile, XRP’s momentum has been fueled by positive legal developments and large-scale accumulation by institutional investors, which has reinforced its growing independence in the market. The Moving Average Convergence Divergence (MACD) indicator has flashed a “Buy” signal for ADA, while nearly all moving averages indicate a bullish sentiment, further supporting the rally.

Market sentiment has been further boosted by political and regulatory developments. The inclusion of Cardano, XRP, and Solana in a proposed U.S. strategic cryptocurrency reserve triggered instant price surges, with Cardano jumping 57% and XRP rising 24% in a single day. Additionally, the imminent exit of SEC Chair Gary Gensler has injected optimism, particularly for altcoins previously under regulatory scrutiny, with Cardano and XRP both reaching multi-month highs on the news. The global cryptocurrency market capitalization has also climbed to new all-time highs, reflecting the influx of capital into the sector.

Technical analysis underscores the strength of the current rally. Cardano’s recovery above the $1 mark and XRP’s breakout to new yearly peaks are supported by increased trading volumes and whale activity. Analysts remain cautiously optimistic, noting that while the current momentum is robust, investors should watch for key support and resistance levels that could influence the next phase of the market cycle.