Stellar Soars 5%: XRP, Are You Even Trying?

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Stellar (XLM) is on a roll, up 5% in the last 24 hours, while the rest of the crypto market is just sitting there, twiddling its thumbs. 🤷‍♀️

Meanwhile, XRP is like the kid who got left behind on the school bus, only up 0.59% to $2.28. XLM and XRP have always been like the dynamic duo of cross-border payments, but it looks like XLM is the one with the actual cape today. 🦸‍♂️

The market is buzzing, and it seems like investors are giving XLM a big thumbs up, maybe even a high-five, as they anticipate a breakout in the altcoin space. 🙌

But let’s not forget about XRP, which is still holding steady above $2.20. Mercado Bitcoin is bringing over $200 million in real-world assets to the XRP Ledger, including some fancy fixed income and equity income instruments. It’s like XRP is getting a new wardrobe, but will it be enough to catch up? 🤔

Ripple, XRP’s parent company, has also applied for a national banking license, which could give it some serious street cred. But for now, traders are dreaming of a $3 XRP price, if the stars align and the bulls get their act together. 🦁

XLM Price Action

At press time, XLM is up 5% to $0.25, rebounding nicely from its low of $0.222 on July 1. On July 5, it hit an intraday high of $0.254, which is like a mini-victory dance for the coin. 🕺

However, XLM is still range-bound, trading below its daily SMA 50 of $0.26. But if it can break through that resistance, it might just break free and head towards the daily SMA 200 at $0.307. 🚀

The daily RSI is just above 50, suggesting some consolidation ahead. If it dips, support is expected in the $0.20 to $0.216 range. So, keep your eyes peeled and your fingers crossed! 🤞

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2025-07-07 18:31