Stellar (XLM) has experienced a 13% price increase in the past 24 hours, coinciding with the formation of a bullish golden cross pattern on the hourly chart. This has sparked fresh interest in the correlation between XLM and XRP's price movements. The surge in price has brought in increased trading volume and has caused short sellers to liquidate their bets on the cryptocurrency market, resulting in a loss of $127 million. XLM's rebound has brought its price close to the highs seen earlier this year, and if it can break through resistance levels, further gains may be expected. On the downside, there are support levels that may act as buying zones if the price retraces.



Other News from Today