XLM price soars as Stellar rides Ripple’s XRP wave

2023-7-14 00:09

Stellar (XLM) price rose to its highest level since April 2022, hitting highs near $0.20. XLM’s stellar performance followed a staggering 87% jump in less than 3 hours for XRP. XRP is Ripple’s token, and a judge just declared it was not a security.

Stellar (XLM) price jumped nearly 70% on Thursday as bulls pushed past long term resistance levels to trade at prices last seen in April 2022. 

The catalyst was today’s Ripple news.

Stellar price jumps as XRP rockets

XLM price raced to highs near $0.20 to see it mirror broader crypto market upward action following one of the biggest news events in crypto history.

This is after Ripple, the company behind the XRP coin won against the US Securities and Exchange Commission (SEC). As CoinJournal reported, the court battle has been around a case where the regulator sued the blockchain company over allegations that XRP was a security.

But on Thursday, Analisa Torres, Judge of the US District Court for the Southern District of New York, handed Ripple the victory in a summary judgement. The judge’s decision effectively declared XRP not a security. 

The market’s reaction to the news was swift, with buyers sending XRP to near $0.95 – its highest level since December 2021.

Elsewhere, Stellar’s XLM was the top performer among altcoins as its price raced to near $0.20. Other top gainers were Cardano (ADA), Polygon (MATIC), and Solana (SOL). Bitcoin also traded to a new YTD price as did Ether that hit above $2k.

For the altcoins, the Ripple-fueled sentiment helped decelerate part of the downward pressure that had permeated the market after the SEC declared the tokens securities in lawsuits against Binance and Coinbase.

XLM price outlook

XLM is looking to break higher as XRP eyes $1. The two cryptocurrencies, which have a lot in common in terms of their historical overview and market performance, are seeing the most gains today.

Stellar XLM price on the weekly chart. Source: TradingView

With XRP likely to see a fresh burst in the next few days, upside momentum could cascade into XLM price. On-chain data shows XRP’s massive price jump after the court’s decision drove a lot of whale activity. This even as the market witnessed a spike in volume.

If XRP price rallies higher above $1, it likely Stellar’s native token will target $0.24 and above that, $0.40. On the downside, the main support remains at $0.073

The post XLM price soars as Stellar rides Ripple’s XRP wave appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.4946 (-1.17%)
Объем 24H $451.021m
Изменеия 24h: -2.28 %, 7d: -7.02 %
Cегодня L: $0.4946 - H: $0.5021
Капитализация $27.383b Rank 7
Цена в час новости $ 0.766 (-35.43%)

xrp xlm stellar ripple price hours less

Источник: coinjournal.net

xrp xlm → Результатов: 126


Weiss Crypto Ratings Gives Positive Comments About Stellar Lumens (XLM) And XRP (Ripple)

Weiss Ratings Gives Positive Comments About Stellar Lumens And XRP XRP and Stellar Lumens (XLM) have received positive comments from the independent rating agency Weiss Ratings. The company said that amid a bear market in the cryptocurrency world, XLM and XRP register smaller losses, which is something that shows their strength. Indeed, during the last […]

2018-11-17 19:42


OKCoin Launches Exchange in Latin America with Fiat-to-Crypto Support

OKCoin, a globally leading exchange that caters to over 110 countries, launched its expansion into Latin America this Thursday as revealed via a press release. Providing New Services As of November 15th, citizens in Argentina can invest the Argentine peso into major cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Stellar (XLM), and Zcash… The post OKCoin Launches Exchange in Latin America with Fiat-to-Crypto Support appeared first on UNHASHED.

2018-11-17 18:13


Фото:

OKCoin открыла торговую площадку в Латинской Америке

Криптобиржа OKCoin запустила в Аргентине регулируемую криптовалютную торговую площадку с поддержкой фиатных валют. Согласно заявлению компании, клиенты получили возможность торговать парами с биткоином (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC) и 0x (ZRX) против аргентинского песо (ARS).

2018-11-16 11:21


Фото:

XRP and Stellar (XLM) Continue To Thrive Amidst Market Turmoil

By now, the entire crypto-verse is aware of the crypto market turmoil that was ignited by the Bitcoin Cash (BCH) Hash Wars that are still ongoing. The two different camps aligned to Bitcoin Cash ABC and Bitcoin Cash SV have been blamed for causing the value of Bitcoin (BTC) to drop significantly in a time […] The post XRP and Stellar (XLM) Continue To Thrive Amidst Market Turmoil appeared first on Ethereum World News.

2018-11-16 10:59


XRP Price Surge Good News for Stellar XLM Investors?

Stellar Lumens (XLM), XRP–The recent price surge for XRP, the third largest cryptocurrency by market capitalization, could be a positive signal for Stellar enthusiasts and investors. While the two cryptocurrencies have long been pitted at odds, with a similar technology basis, overlapping leadership and development teams, and target customer base, the coins have also managed […] The post XRP Price Surge Good News for Stellar XLM Investors? appeared first on Ethereum World News.

2018-11-8 06:05


Bitcoin, Blockchain and Crypto Daily News Recap For October 25th [VIDEO]

Cardano (ADA), Stellar (XLM) and XRP Among New Coins Trezor Wallet Adds Support For Cardano (ADA), Stellar (XLM) and XRP Among New Coins Trezor Wallet Adds Support For Ethereum Blockchain Network is Benefitting from the Stablecoin Boom: Why? Ethereum Blockchain Network is Benefitting from the Stablecoin Boom: Why? Technology Lead At Capgemini Defends Bitcoin Against […]

2018-10-25 22:02


Фото:

Почему стоит следить за Cardano в следующем году

Проект Cardano (ADA) входит в список 10 крупнейших криптовалют. Его рыночная капитализация составляет почти 2 млрд долларов. Наряду с Ripple (XRP) и Stellar (XLM) Cardano относится к редкому типу проектов, которым удалось добиться устойчивого развития несмотря на неблагоприятную ситуацию на рынке.

2018-10-24 08:44


Stellar Lumens (XLM) Not Making it Easy for Ripple’s XRP: Weekly Only Gainers

Following the week of sellers having their saying throughout the market, a return of bulls can be witnessed in the daily trading of coins mid-October. While some of the leading cryptocurrencies are struggling to recover from the 11th Oct drop, Stellar Lumen [XLM] and XRP against the US Dollar are the only standing in the […] The post Stellar Lumens (XLM) Not Making it Easy for Ripple’s XRP: Weekly Only Gainers appeared first on Ethereum World News.

2018-10-17 23:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.

Bitcoin ETFs in the US see $15.7 million in outflows

Quick Take US Bitcoin ETFs saw an outflow of $15. 7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.

XRP Ledger To Undergo Major Upgrades: What To Expect

The XRP Ledger (XRPL) is set to undergo a series of substantial enhancements that promise to expand its functionality and market relevance significantly. These proposed upgrades, outlined by renowned community member Krippenreiter via X, cover a broad spectrum from improving interoperability to bolstering the ledger’s decentralized finance (DeFi) capabilities.