$XLM Price Soars 11%, Can Stellar Break $0.48 Ahead of CPI Data?
Main Idea
Stellar's $XLM token surged 11% to $0.45, driven by Ripple's SEC lawsuit resolution and anticipation around the Protocol 23 upgrade, with potential to break $0.48 despite market volatility.
Key Points
1. Ripple’s $125M settlement with the SEC removed regulatory uncertainty, benefiting Stellar ($XLM) due to their shared technical background.
2. The upcoming Protocol 23 upgrade introduces parallel processing and other features, boosting DeFi and real-world asset tokenization potential.
3. Stellar’s integration with Visa, ISO 20022 compliance, and partnerships like Marketnode enhance its institutional and regional expansion.
4. $XLM broke out from an inverse head and shoulders pattern, with bullish technical indicators like RSI and MACD supporting further upward momentum.
5. Market sentiment remains positive, but potential resistance and CPI data could influence $XLM's price movement.
Description
Stellar’s $XLM jumped 11% to $0.45, riding a wave of good news. The growth comes as the network gears up for a major upgrade and benefits from recent legal wins in crypto. The project stands at a crossroads—technical improvements and fresh interest could push prices higher, but market winds keep shifting. Can $XLM smash through resistance before CPI data shakes markets? Source: CoinMarketCap Stellar ($XLM) Rides Legal Clarity and Tech Upgrades to New Highs Ripple’s $125M settlement with the SEC ...
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