Steller’s Trading Price Experiences A 15% Surge Versus XRP
The entire Stellar (XLM) investment community is in a state of shock and is cherishing the marvelous sight of their asset experiencing a major surge.
The trading price of XLM has rebounded and has found strong ground against XRP, which is known for being the largest rival of Stellar.
The entire Stellar (XLM) investment community is in a state of shock and is cherishing the marvelous sight of their asset experiencing a major surge.
The trading price of XLM has rebounded and has found strong ground against XRP, which is known for being the largest rival of Stellar.
XLM Price Surges 15%
The data shows that the trading price of XLM rebounded and surged by 15%. This was a major boost that the asset price experienced against XRP.
The strong push comes in favor of the asset two days after the asset experienced a major plunge against the XRP price. The traders were in shock as they saw the trading price of XLM fall to a low of 0.181 versus the trading price of XRP.
It was a record-low price that the asset had hit against the trading price of XRP. Good thing is that the price of the asset rebounded and has recovered significantly from the record low level.
The data shows that on March 31, the trading price of XLM had risen to 0.20 XRP against the trading price of the latter crypto. It was the intraday high price that the trading price of XRP had hit.
The report shows that in the past 24-hours, the trading price of XLM has been pushed up by 11%. As for the XRP price, it has declined by 3%, making the situation more favorable for XLM.
It was on March 29, when the trading price of XRP declined by 3%.
XLM to Grow Stronger Versus XRP in April
Given the recent push, the investors have high hopes XLM hitting higher levels in the upcoming month. They are hopeful that the trading price of XLM may continue to grow stronger in April 2023.
Looking at the broader picture, the report shows that the price of XLM had plunged by 89% from the all-time high it had hit back in January 2021.
Since then, the trading price of the asset had been struggling and the situation didn’t look favorable for the investors from that point onwards.
Back in January 2021, the all-time high price that XLM had hit against the trading price of XRP was 1.655 XRP. Surprisingly, the trading price of XLM peaked just a month after the US SEC had gone after Ripple Labs back in December 2020.
Ripple Labs had been sued by the US SEC where the latter claimed that the issuer of XRP was involved in selling unregistered securities (XRP) to the US locals.
Even now, the battle is ongoing between Ripple Labs and the US SEC. Until the final verdict comes out, there is no telling how XLM may react against the trading price of XRP in the future.
When we look at the long-term performance of XLM, it shows that it is still on the downward track and may continue moving in the same direction.
However, the situation may prove to be different for XLM in the upcoming month. The analysts are hoping that XLM may be going for a strong bullish trend in April.
This means that the trading price of the asset may rise significantly in the upcoming months, making things favorable for XLM against XRP.
The Bulls May Try to Flip the Trend
As of now, the only thing that the investors can think of is to push XLM’s price higher and flip the long-term downtrend.
They want to push XLM into a bullish trend against the trading price of XRP and other major cryptocurrencies.
As of now, the current downward trend for XLM is 0.1978-0.207 XRP. This is the resistance range, which is exhibiting lower levels. However, the bulls want to push it to a higher range.
As per the analysis data, the bulls are attempting to push it upward by 10%, bringing it up to 0.22 XRP against the XRP price.The data shows that the trading price of XLM rebounded and surged by 15%. This was a major boost that the asset price experienced against XRP.
The strong push comes in favor of the asset two days after the asset experienced a major plunge against the XRP price. The traders were in shock as they saw the trading price of XLM fall to a low of 0.181 versus the trading price of XRP.
It was a record-low price that the asset had hit against the trading price of XRP. Good thing is that the price of the asset rebounded and has recovered significantly from the record low level.
The data shows that on March 31, the trading price of XLM had risen to 0.20 XRP against the trading price of the latter crypto. It was the intraday high price that the trading price of XRP had hit.
The report shows that in the past 24-hours, the trading price of XLM has been pushed up by 11%. As for the XRP price, it has declined by 3%, making the situation more favorable for XLM.
It was on March 29, when the trading price of XRP declined by 3%.
XLM to Grow Stronger Versus XRP in April
Given the recent push, the investors have high hopes XLM hitting higher levels in the upcoming month. They are hopeful that the trading price of XLM may continue to grow stronger in April 2023.
Looking at the broader picture, the report shows that the price of XLM had plunged by 89% from the all-time high it had hit back in January 2021.
Since then, the trading price of the asset had been struggling and the situation didn’t look favorable for the investors from that point onwards.
Back in January 2021, the all-time high price that XLM had hit against the trading price of XRP was 1.655 XRP. Surprisingly, the trading price of XLM peaked just a month after the US SEC had gone after Ripple Labs back in December 2020.
Ripple Labs had been sued by the US SEC where the latter claimed that the issuer of XRP was involved in selling unregistered securities (XRP) to the US locals.
Even now, the battle is ongoing between Ripple Labs and the US SEC. Until the final verdict comes out, there is no telling how XLM may react against the trading price of XRP in the future.
When we look at the long-term performance of XLM, it shows that it is still on the downward track and may continue moving in the same direction.
However, the situation may prove to be different for XLM in the upcoming month. The analysts are hoping that XLM may be going for a strong bullish trend in April.
This means that the trading price of the asset may rise significantly in the upcoming months, making things favorable for XLM against XRP.
The Bulls May Try to Flip the Trend
As of now, the only thing that the investors can think of is to push XLM’s price higher and flip the long-term downtrend.
They want to push XLM into a bullish trend against the trading price of XRP and other major cryptocurrencies.
As of now, the current downward trend for XLM is 0.1978-0.207 XRP. This is the resistance range, which is exhibiting lower levels. However, the bulls want to push it to a higher range. As per the analysis data, the bulls are attempting to push it upward by 10%, bringing it up to 0.22 XRP against the XRP price.
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