The price of Stellar's XLM cryptocurrency has surged by 14% to $0.4795, with a market cap of $14.58 billion and a 24-hour trading volume of $1.8 billion. The rise in XLM's price aligns with the spike in XRP's price this week. The hourly chart indicates a bullish trend, supported by volume spikes and moving averages suggesting continued upward momentum. The formation of a double bottom on the four-hour chart has also reinforced bullish indicators. The daily chart highlights longer-term bullishness, with consolidation transitioning to recovery and support from moderate volume increases. However, caution is advised at resistance levels of $0.50 and $0.55, and oscillators suggest potential pullbacks. Overall, XLM is positioned for continued upward momentum, but potential barriers and cautionary indicators should be considered.



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