Stellar (XLM) has seen a 12% increase in the last 24 hours, following the upward price movements of other major cryptocurrencies like XRP and Bitcoin. XLM has historically correlated with XRP and tends to be influenced by market sentiment around Ripple's developments. The rise in XLM can also be attributed to investors seeking opportunities in altcoins after Bitcoin retraced slightly from its all-time high. XLM reached highs of $0.471 in today's trading session and was up 12% at $0.45. Its trading volume also surged 197% to $1.37 billion. The price of XLM has mostly remained within a range since its yearly highs in November, and a surge above $0.60 could initiate an uptrend. However, support is expected at $0.354 in case of declines. Additionally, Stellar has issued a warning about an increase in scams and wallet-draining activities in the crypto community. Users are urged to be cautious and report any suspicious activities.



Other News from Today