Have you ever watched a cryptocurrency take off like a rocket, only to wonder if it’s got the fuel to keep climbing? That’s the question buzzing around Axelar (AXL) right now. After a sharp 11% price surge tied to the launch of mXRP, a groundbreaking DeFi product, the crypto community is abuzz with speculation. Could this be the moment AXL shakes off its months-long slump and charts a new course?
Why AXL’s Recent Surge Is Turning Heads
The crypto market is no stranger to wild swings, but AXL’s recent jump feels different. On September 23, 2025, the token climbed to an intraday high of $0.31 before settling at $0.30, a solid 11% gain in just 24 hours. This spike wasn’t random—it coincided with the launch of mXRP, a DeFi yield product that’s got everyone talking. But before we dive into the details, let’s unpack what’s driving this momentum and whether it’s enough to reverse a stubborn downtrend.
The mXRP Launch: A Game-Changer for AXL?
The mXRP launch is the spark behind AXL’s recent glow-up. Developed in collaboration with Axelar, Midas, and Hyperithm, mXRP is being hailed as the first fully DeFi-composable XRP yield product. For the uninitiated, this means XRP holders can now deploy their assets across various DeFi protocols to maximize returns. It’s like giving your crypto a side hustle that actually pays off.
The mXRP partnership is a bold step toward bridging traditional crypto assets with DeFi innovation.
– Blockchain analyst
Axelar’s role as the interoperability protocol in this project is key. It ensures seamless cross-chain transactions, which boosts the network’s utility and, by extension, its revenue from transaction fees. The buzz around mXRP has also driven a massive 85% increase in daily active addresses on the Axelar network, a clear sign that the community is paying attention.
What’s Behind the Price Surge?
Let’s break it down. The 11% price jump wasn’t just about hype—it was backed by real market activity. Trading volume for AXL nearly doubled in a single day, with over $23 million worth of tokens changing hands. That’s a lot of action for a token with a market cap of $317 million. Meanwhile, whales—those big players with deep pockets—have been quietly accumulating AXL, likely betting on the dip after a 16% drop from its weekly high of $0.3465.
- Increased onchain activity: Daily active addresses spiked by 85%, signaling growing network usage.
- Whale accumulation: Large investors are buying in, potentially stabilizing the price.
- Retail buzz: Axelar trended on Google, a telltale sign of mainstream interest.
But here’s the kicker: the broader crypto market isn’t exactly throwing a party. Bitcoin (BTC) has been flirting with multi-week lows, and the total market cap is down 2.5% to $3.9 trillion. So, how is AXL managing to shine in this gloom? The answer lies in the unique appeal of the mXRP partnership and Axelar’s growing credibility in the DeFi space.
The Bearish Cloud: Technicals Tell a Different Story
Now, let’s not get too carried away. While the mXRP news is exciting, AXL’s technical indicators are flashing some warning signs. On the daily chart, the token is trading below all its simple moving averages (SMAs), with the longer-term averages sitting above the shorter-term ones. For traders, this is a classic sign of bearish control. It’s like trying to climb a hill in a storm—possible, but not easy.
The Aroon indicator paints an even bleaker picture. With the Aroon Down at 92.86% and Aroon Up flat at 0%, the market is firmly in the hands of sellers. This kind of setup screams caution, suggesting that any rally might be short-lived unless something big shifts.
When Aroon Down is near 100% and Aroon Up is at zero, it’s a strong signal that bears are calling the shots.
– Technical analyst
That said, there’s a glimmer of hope. The Relative Strength Index (RSI) is sitting at 47, which puts AXL in slightly oversold territory. This could mean the selling pressure is easing, especially if the mXRP buzz keeps drawing buyers. I’ve seen markets flip on less, so it’s not out of the question.
Can AXL Break the Downtrend?
Here’s where things get interesting. AXL has been on a multi-month downtrend since its all-time high in March 2024. It’s down 60% from that peak and 12% from its weekly high. To reverse this slide, AXL needs to clear some key hurdles. The first is the $0.32 resistance level, where the 50-day SMA looms like a gatekeeper.
| Key Level | Price | Significance |
| Resistance | $0.32 | 50-day SMA; critical for bullish breakout |
| Support | $0.29 | Recent low; potential floor for price |
| Next Target | $0.35 | Psychological level for momentum |
If AXL can break through $0.32, it might trigger a wave of buying that pushes it toward $0.35, a psychological level that could restore some confidence. But if it fails to hold above $0.29, we could see it test lower supports, potentially wiping out the recent gains.
Why the mXRP Partnership Matters
Beyond the price action, the mXRP launch is a big deal for Axelar’s long-term prospects. By enabling XRP holders to tap into DeFi, Axelar is positioning itself as a linchpin in the cross-chain ecosystem. This isn’t just about one token—it’s about building a bridge between traditional crypto and the fast-growing world of decentralized finance.
- Revenue boost: More transactions mean more fees for Axelar’s network.
- Credibility: Partnering with heavyweights like Midas and Hyperithm elevates Axelar’s status.
- Community growth: The XRP community’s enthusiasm could drive long-term adoption.
I’ve always believed that partnerships like this can make or break a project. Axelar’s ability to align with XRP, one of the most established players in crypto, feels like a vote of confidence. If the market stabilizes, this could be the catalyst AXL needs to turn things around.
The Bigger Picture: Crypto Market Context
Let’s zoom out for a second. The crypto market has been a rollercoaster lately, with Bitcoin struggling to hold its ground and altcoins like Solana and BNB taking hits. The total market cap is down, and sentiment is shaky. Yet, AXL’s ability to rally in this environment says something about its resilience.
Market Snapshot (Sep 23, 2025): Bitcoin (BTC): $113,011.00 (+0.16%) Ethereum (ETH): $4,205.22 (+0.07%) XRP (XRP): $2.88 (+2.17%) Total Market Cap: $3.9 trillion (-2.5%)
In my experience, tokens that buck the trend during a market dip often have something special going on. AXL’s partnership with mXRP could be that spark, but it’s not a guaranteed ticket to the moon. The broader market needs to stabilize for AXL to sustain its momentum.
What’s Next for AXL?
So, what’s the verdict? Can AXL reverse its multi-month downtrend? It’s a tough call. The mXRP launch has injected fresh energy into the project, and the uptick in onchain activity and whale interest is promising. But the technicals are still bearish, and the broader market isn’t doing AXL any favors.
If I had to bet, I’d say AXL’s fate hinges on two things: sustained buying pressure and a stabilizing crypto market. If it can clear the $0.32 resistance and hold above key supports, we might see a trend reversal. But if the bears keep their grip, this rally could fizzle out as quickly as it started.
The crypto market rewards patience, but it also demands vigilance. AXL’s next move will depend on how well it capitalizes on this momentum.
– Crypto market observer
For now, AXL is at a crossroads. The mXRP partnership has given it a shot in the arm, but it’s up to the market—and Axelar’s team—to keep the momentum going. What do you think? Is AXL poised for a comeback, or is this just a flash in the pan? One thing’s for sure: the crypto world is watching.
