Tag: XLM

Stellar (XLM) Surges 18% Amid Market Fluctuations, Beating XRP’s Performance

Stellar surged 18%, outperforming XRP, since it makes a bullish flag pattern, indicating possible 330% break given the turbulent market.



Stellar (XLM) posted an 18% price increase today to $0.302 before dropping to $0.2995. This is after the asset fell to $0.252 on Friday, showing a healthy rebound. XRP, however, only posted a 12% price increase to $2.20 before falling back to $2.14. Stellar’s rebound is higher than XRP, which shows better recent performance despite market volatility.

This price rise comes amid a challenging market environment. Just days earlier, a massive sell-off had taken place, leading to $1.5 billion in liquidations on Monday and another $952 million on Friday. Investor anxiety about the economy led to a drop in many cryptocurrencies, including both XRP and XLM.
But Stellar has accelerated again and is now showing consistent growth. A bullish flag chart pattern is emerging on the daily chart, which most traders interpret as a sign of a continuation in a trend. Crypto analyst Ali pointed out this pattern, forecasting a potential 330% breakout for XLM. This chart pattern is a repeat of XRP’s action in January when it increased 500%. If Stellar can break through its daily moving average, it can further grow.

Also Read: XRP Price Surges 38% After Trump Includes It in Crypto Strategic Reserve

XLM Price Forms Rare Pattern as Stellar DeFi TVL Hits Record High

XLM made a strong comeback on Nov. 27, forming a bullish engulfing pattern after a dip. Stellar’s DeFi TVL hit a record $56M, and total assets are close to $300M, boosted by the Franklin Templeton fund. If XLM stays above $0.50, it could test its yearly high.

Big move for XLM! On November 27, the price shot up, forming a bullish engulfing pattern. That’s a strong sign that things are turning around after a recent dip. This comeback absolutely reversed a two-day slump that had put XLM in a mini bear market. But it didn’t just stop there; the whole crypto market, including Bitcoin, had a nice little bounce back too.

Here’s the cool part: Stellar’s DeFi ecosystem is absolutely thriving. Stellar’s total value locked (TVL) in DeFi hit an all-time high of over $56 million. On top of that, assets across Stellar’s ecosystem are pushing close to $300 million, with the Franklin Templeton OnChain US Government Money Fund holding over $400 million. Not too shabby, right?

This price surge also comes with some good news on the regulatory front. U.S. courts have been more friendly to crypto recently. A ruling found that Tornado Cash sanctions went too far, and last year, a judge ruled that XRP wasn’t a security. If things keep going this way, some are even speculating that we might see a Spot XLM ETF in next year.

Now, if XLM stays above $0.50, it could keep climbing, possibly even testing its high for the year at $0.6370. But, there’s always a catch, this recovery might just be a “dead cat bounce,” meaning a short-term surge before a drop. If it dips below $0.4168, then its super bad as it will not have any chances of bouncing back.

Either way, the XLM chart is looking interesting, and Stellar’s ecosystem is definitely making waves. Keep an eye on it—XLM might just be gearing up for a major run.

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