Stellar Lumens (XLM) has seen a significant increase in price, reaching $0.4630 and gaining nearly 50% from its December low. This rise is due to the overall recovery of the cryptocurrency market, with Bitcoin crossing the resistance at $101,000 and other tokens also experiencing gains. Additionally, Stellar's gains are influenced by Ripple's bullish momentum, with some analysts predicting a 4,066% jump in Ripple's price. However, Stellar's network faces challenges, such as its stagnant ecosystem and relatively low value locked in its DeFi ecosystem. Despite this, the daily chart indicates potential bullish momentum for XLM, with a target resistance of $0.6375. However, a drop below the support level of $0.30 would invalidate this bullish outlook.



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