The altcoin rally momentum in January 2025 is strong, with XRP, HBAR, XLM, and ADA showing significant growth. These altcoins have attracted traders' attention with bullish price movements and increased market activity. As key trading levels become the focus, the stage is set for a crucial month in the cryptocurrency market.
XRP shows strong upward momentum
XRP's current trading price is $2.44, up 2.02% in the past 24 hours, reflecting a market cap of $140.09 billion and a trading volume of $5.73 billion.
XRP has shown a continuous upward trend. The price has risen from $2.39 to its current level. The chart shows a pullback pattern followed by a rapid rebound, indicating strong support from buyers during the decline.
Support levels are at $2.39 and $2.35. Resistance levels are at $2.45 and $2.50. Breaking these resistance levels may indicate further increases for XRP.
HBAR continues to climb
Meanwhile, HBAR is trading at $0.3107, up 6.77% in the past day. The market cap is $11.88 billion, with a 24-hour trading volume of $1.04 billion. HBAR's price shows a steady upward trend, rising from $0.2916 to a high of $0.32 before a slight pullback.
This price action forms higher lows, signaling a bullish trend. Support levels are at $0.30 and $0.2916. Resistance levels are at $0.32 and $0.33. If HBAR breaks above $0.32, the next target may be $0.33, suggesting further increases ahead.
XLM exhibits volatility but has upward potential
Similarly, Stellar (XLM) is trading at $0.4425, up 0.53% in the past 24 hours. The market cap is $13.42 billion, with a trading volume of $1.3 billion. The chart shows volatility, with XLM rebounding after falling below $0.44.
$0.46 resistance triggered some price drops. However, if XLM breaks this level, it may aim for $0.47. Support levels are at $0.44 and $0.43, where prices have remained stable. Breaking $0.46 would indicate strong upward momentum for XLM.
ADA surged under strong bullish sentiment
In contrast, Cardano (ADA) is trading at $1.09, up 14.02% in the past day. The market cap is $38.14 billion, with a trading volume of $2.2 billion. ADA has been on a strong upward trend, rising from $0.95 to $1.09.
The price is forming higher highs and higher lows, confirming the bullish trend. Key support levels are at $1.05 and $1.00. Resistance levels are at $1.10 and $1.15. If ADA breaks above $1.10, the next resistance level may be $1.15, indicating further upside potential.
