Stellar (XLM) Soars 26% — Can It Ride the XRP ETF Momentum?

Stellar (XLM) has exploded with a 26% surge, drawing renewed attention as XRP’s ETF news sends ripples across the crypto market. With both coins often seen as complementary in the payments and remittance space, investors are now speculating whether Stellar can ride XRP’s bullish momentum to new highs. As excitement spreads and trading volumes increase, we examine XLM’s recent rally and explore whether this wave of optimism could fuel a broader breakout for related altcoins. Stellar on the Rise: XLM Poised for Growth After Big Gains Source: tradingview Stellar’s cryptocurrency, XLM, is now trading between 23 to 26 cents. Recent trends show a strong upward move, with a weekly gain of nearly 67% and a monthly rise of around 44%. The coin is approaching a resistance level at 27 cents, with potential to climb to 29 cents. This level is close to the 100-day moving average, indicating further growth is possible. However, if it retraces, the support sits around 21 cents. Despite a dip over six months, Stellar’s momentum is promising, with its indicators hinting at continued upward potential. XRP Eyes Potential Breakout, Targets Higher Levels Source: tradingview XRP is experiencing upward movement with its price range between $2.17 and $2.35. The coin has seen a weekly rise of over 27% and a monthly increase of 24.56%. Its nearest resistance stands at $2.43, but with momentum building, it could aim for the second resistance at $2.61. If it touches this point, the price could rise by more than 10% from its current levels. Since the 10-day moving average remains higher, there is a likelihood for further growth. However, it must maintain support above $2.07 to keep its bullish outlook. As interest in XRP continues, its potential for climbing higher levels is evident. Conclusion Stellar’s breakout mirrors the enthusiasm surrounding XRP’s ETF-driven rally, with both coins showing strong short-term momentum. XLM now eyes key resistance at $0.27 and beyond, while XRP continues to build toward higher levels. If market sentiment remains bullish and ETF excitement persists, both assets could see continued gains—making them prime candidates for altcoins to watch in the near term. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo