Stellar (XLM) has made a strong comeback, surging 15% in just 12 hours from $0.40 to $0.4644 after the U.S. SEC officially dropped its lawsuit against Ripple. The news, announced late Thursday, sparked a breakout for XLM as trading volume soared past $1.1 billion in 24 hours.
Just a day earlier, XLM was struggling near $0.41. Now, with a market cap of $14.5 billion, the token is back in the crypto top 20, setting sights on the next resistance at $0.51. The $0.45 level has flipped into strong support, signaling that bulls are firmly in control.
The move comes after weeks of consolidation between $0.39 and $0.42. Stellar and Ripple share deep ties—both co-founded by Jed McCaleb—so developments for one often impact the other. With Ripple gaining legal clarity, Stellar is riding the momentum.
Adding fuel to the rally is Stellar’s upcoming Protocol 23 mainnet vote on September 3. If approved, it will bring smart contract capabilities and improved tokenized asset features, aligning with institutional adoption trends.
If XLM maintains current momentum and Bitcoin stays steady, a push toward $0.51 or even $0.54 is possible in the short term. The weekend’s follow-through volume will be key.
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