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Stellar (XLM) has emerged as a standout performer in the current short-term cryptocurrency market rally, outpacing some of its rivals, including XRP. At press time, sustained buying pressure has pushed XLM’s price to rally 6.7% in the last 24 hours, trading at $0.26. Similarly, on the weekly chart, the token is also in the green, up over 8%. XLM one-day price chart. Source: CoinMarketCap The price gains have been accompanied by a notable capital inflow, with the XLM market capitalization increasing by about $600 million in the past day. The cumulative 24-hour capitalizations peaked at approximately $8.06 billion before settling at $7.91 billion as of press time. In contrast, XLM’s competitor, XRP, saw a more modest 2.33% increase, trading at $2.10 with a $123 billion market cap.  Both cryptocurrencies focus on facilitating fast and low-cost cross-border payments, but Stellar’s recent momentum suggests increasing investor interest, while XRP’s price movement...

The Stellar price surged 18% in the last 24 hours to trade at $0.426 as of 02:42 a.m. EST on trading volume that skyrocketed 377% to $1.7 billion. Stellar Price On A Bullish Trend Reversal The XLM price has been in a consolidation phase for several months, trading below the 200-day moving average (MA) at $0.1675 for a significant portion of the year.  However, a strong rally began in November, propelling the price above the 50-day SMA ($0.3799) and the 200-day SMA, which now serve as support levels, according to data from GeckoTerminal . The recent pullback created a descending channel, a classic bullish continuation pattern. Notably, XLM has just broken above the upper boundary of this channel, supported by higher trading volumes, indicating a likely continuation of the bullish trend. The next major resistance is around the $0.55 level, as indicated by the arrow on the chart. The Relative Strength Index (RSI) stands at 59.16, indicating bullish momentum without being overbou...

The Stellar price has skyrocketed 48% in the last 24 hours to trade at $0.2016 as of 10 p.m. EST on a 397% jump in trading volume to $2.9 billion. Stellar (XLM) is riding the wave after Ripple (XRP) soared past the $1 mark. These two digital currencies, renowned for their roles in smoothing global financial transactions, each carve out unique paths. Ripple focuses on streamlining global payments for banks, while Stellar reaches out to individuals and businesses, particularly those underserved by traditional banking. With lightning-fast transaction speeds of 3-5 seconds and impressively low fees, both tokens have captured the attention of investors worldwide. However, the spotlight on XLM has grown even brighter since Coinbase Derivatives launched XLM futures contracts alongside Silver (SLR) on November 11. This announcement sparked a flurry of activity, with XLM holders seizing the opportunity to expand their portfolios and bet on Stellar’s future. Stellar Price May Continue...

A widely followed crypto analyst says that one rival of global payments network Stellar (XLM) is primed to skyrocket against Bitcoin (BTC). In a new strategy session, pseudonymous crypto trader Kaleo tells his 643,500 followers on the social media platform X that XRP, the native token of the XRP Ledger, is on the cusp of a breakout against BTC as its legal battle against a prominent US regulator has come to an end. “XRP/BTC. And there’s your squeeze. XRP [vs] SEC case is over. And XRP is finally officially declared not a security.” Source: Kaleo/X The U.S. Securities and Exchange Commission (SEC) initially sued XRP in December 2020, claiming that the asset was an unregistered security. The regulator lost the legal battle in 2023 when a judge ruled that the retail sale of XRP tokens did not qualify as a securities contract. Though Ripple was fined $125 million earlier this week for improperly selling the digital asset, Ripple’s CEO hailed ...