XRP and XLM have emerged as top performers in the recovering cryptocurrency market. XRP's price surged by 11.4% in the past 24 hours, reaching a high of $2.56 and boosting its market capitalization to $153.9 billion. XLM also experienced a significant rise, climbing 11.5% to peak at $0.31, which allowed it to surpass WEETH as the 20th largest altcoin. Both cryptocurrencies saw substantial short liquidations, with XRP positions losing over $9 million. Meanwhile, Bitcoin and Ethereum also posted gains, with Bitcoin trading above $105,000 and Ethereum surpassing $3,690. Ripple's recent $500 million funding round has further elevated its valuation to over $40 billion, contributing to the positive sentiment around XRP.