CandleFocus XRP price surged to $1: will Stellar Lumens XLM be next?
2024-11-18
Author: Content Editor
Ripple's price has experienced a significant increase, rising for three consecutive weeks and crossing the important resistance at $1. This surge is attributed to positive investor response to Donald Trump's election and the potential impact on the cryptocurrency market. There is speculation that the Securities and Exchange Commission may drop its legal battles against Ripple Labs, opening the doors for major partnerships with companies in the money transfer industry and banks. The increase in Ripple's price has also fueled gains in Stellar Lumens, which shares a similar narrative and aims to dominate the money transfer industry. Analysts predict that Stellar Lumens could reach the $1 milestone as well. Technical indicators suggest further bullish momentum for Stellar's price.
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