BNB and XRP Hit New Highs; Is PENGU the Next to Rally?

• Major altcoins BNB and XRP have both broken out to new all-time highs, signaling market strength
• BNB’s rally is backed by treasury adoption, while XRP’s is fueled by new US regulatory clarity
• Traders are now watching PENGU, which is up 40% weekly and just 22% shy of its own ATH.

Crypto exchange Binance’s BNB token and then XRP both touched new all-time highs, igniting speculation that other major altcoins could be next in line to rally. With the market leaders now in price discovery, traders are turning their attention to high-momentum tokens like Pudgy Penguins’ PENGU.

BNB Smashes ATH on Treasury News

Binance’s BNB soared to an all-time high of $804.17, although it has slightly pulled back to $796.19 at the time of writing. The rally marks a 300% recovery from its bear market low of $200 in October 2023. 

With a market cap of $111.5 billion, BNB now rivals major traditional companies like Nike in valuation. Notably, the bullish momentum follows Nano Labs’ move to create a BNB treasury, the first of its kind by a publicly traded company.

The firm purchased 45,685 BNB OTC at an average price of $764, and has announced plans to potentially accumulate up to 10% of the total circulating supply using a $500 million convertible note deal.

XRP Breaks 8-Year Ceiling

At the same time, XRP has finally broken its multi-year resistance to hit a new high of $3.60, and now trades near to $3.50. 

This historic rally is largely driven by regulatory breakthroughs. The GENIUS Act, now signed into law by President Donald Trump, marks a significant change in the US regulatory stance on crypto.

With institutional confidence rising and crypto-favorable policies on the horizon, XRP bulls are eyeing the $4 level next. 

PENGU the next in line to break out?

While BNB and XRP have already made their moves, PENGU is quietly setting the stage for its own breakout. 

Currently trading at $0.04469, PENGU is just 22% shy of its ATH at $0.05738. The token has posted a 40% gain in the past week and 19% in the last 24 hours, as per CoinMarketCap data.

Related: PENGU’s 385% Surge Fires Pudgy Penguins Into Second-Largest NFT Ranking

The daily chart shows a parabolic uptrend, with price exploding past previous resistance zones. RSI is currently at 86.29, which signals extreme overbought conditions, typically a red flag, but in high-momentum phases, it often marks the beginning of a blow-off top rather than a correction.

Meanwhile, the MACD remains in strong bullish territory with a wide gap between the MACD and signal lines. Also, the Balance of Power (BoP) reads 0.38, indicating dominant buyer strength.

Related: Pudgy Penguins (PENGU) Price Prediction for July 20, 2025: PENGU Compresses Under $0.033 as Breakout Looms

If momentum holds, the next resistance lies near $0.048, followed by the all-time high at $0.05738. A breakout above this level could open the gates to price discovery, with short-term targets around $0.065–$0.075.