$XLM Price Soars 11%, Can Stellar Break $0.48 Ahead of CPI Data?

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.