Stellar (XLM) has recorded significant gains with a 10.87% price surge over the past 24 hours and a 16% weekly increase, reflecting robust market interest. The cryptocurrency’s trading volume skyrocketed by 239.16%, signaling strong momentum and potential for further upward movement.
The rally follows positive spillover effects from XRP’s regulatory clarity after the Ripple v. SEC lawsuit resolution, which enhanced sentiment toward Stellar’s similar utility in cross-border payment solutions. Current technical indicators support continued bullish potential, with Stellar trading at $0.4594 and showing a Relative Strength Index (RSI) reading of 62.86, indicating sustained market strength.
Growing institutional confidence in Stellar’s payment infrastructure – including its Visa integration – further underpins the optimistic outlook, positioning XLM for potential extended gains in the evolving regulatory landscape.