Stellar (XLM) has recently captured market attention with a remarkable price rally, surpassing XRP in both percentage gains and trading volume. Within the past 24 hours, XLM surged by 10.1%, climbing from $0.2881 to $0.2982, showcasing its strong upward momentum.
XLM’s Breakout Rally Gains Momentum
The surge in XLM’s price was accompanied by a massive 190.52% increase in trading volume, reaching $476.51 million, according to CoinMarketCap data. This sharp rise reflects a renewed interest in Stellar among traders, as they capitalize on the asset’s growing utility and market demand.
Also Read: Stellar (XLM) Forms Bull Flag Pattern, Eyes Breakout Toward $0.319 and $0.357
In contrast, XRP recorded a relatively modest 5.94% price gain, rising to $2.34, with trading volume increasing by 48.37% to $7.26 billion. While XRP maintains higher absolute volume, XLM’s stronger percentage growth has made it the focus of market speculation.
Technical Analysis Points to Bullish Outlook
From a technical perspective, Stellar (XLM) has formed a bullish Head-and-Shoulders pattern, a classic indicator of potential further gains. This formation has reinforced positive sentiment, suggesting that XLM’s rally may continue in the near term.
Moreover, over the past 72 hours, more than 50 million XLM have been transacted, indicating rising on-chain activity. This surge in transactions underscores Stellar’s growing role in cross-border payments and decentralized finance (DeFi).
Stellar’s impressive performance has intensified its rivalry with XRP, as both digital assets aim to dominate the cross-border payments sector. While XRP remains a leader in terms of total volume, XLM’s rapid price increase and expanding utility give it a competitive edge.
As the digital payments market continues to evolve, XLM’s latest rally could mark the beginning of a longer-term trend driven by increasing adoption and investor confidence.
Stellar (XLM) has emerged as a standout performer in the cryptocurrency market, outpacing XRP in both price growth and trading volume. With strong technical indicators, rising adoption, and a growing presence in DeFi, XLM appears well-positioned for continued upward momentum. As the competition between Stellar and XRP intensifies, XLM’s current rally highlights its growing appeal among traders and investors.
