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$XLM Price Jumps 7% in 24 Hours
The Stellar ($XLM) price surged by more than 7% in the past 24 hours, mirroring $XRP’s impressive performance after the U.S. Senate voted to end the 40-day government shutdown. The renewed bullish sentiment across the crypto market has lifted correlated assets like $XLM, which often moves in tandem with Ripple due to their shared focus on cross-border payments and institutional adoption.
As $XRP broke through major resistance levels, traders shifted attention to $XLM as a potential “sympathy trade” — a pattern where correlated tokens follow the momentum of a leading asset.
Chart Analysis: Bullish Reversal Confirmed
The 2-hour $XLM/USD chart shows a clear breakout above the key $0.30 resistance zone, with the price now consolidating around $0.302. The token recently flipped its 200 SMA ($0.299) into support — a crucial technical signal confirming a short-term bullish reversal.
$XLM/USD 2-hour chart - TradingView
Short-term moving averages (MA 9 and MA 21) remain aligned in an upward crossover, while the Stochastic RSI (78.21) suggests that $XLM is still in strong bullish territory but may face minor consolidation before another leg higher.
If the bullish momentum continues, the next targets lie at $0.32 and $0.34, representing the next psychological resistance zones. On the downside, immediate support sits near $0.29, followed by $0.26, where previous buyers re-entered.
$XRP’s Ripple Effect on Stellar
Historically, $XLM has followed $XRP’s market direction, as both projects cater to similar use cases in the payments and remittance sectors. When $XRP rallies due to positive macro or regulatory catalysts, Stellar often benefits as well — particularly among traders seeking cheaper entry opportunities in similar ecosystems.
The latest rebound in $XRP has reignited speculative interest in $XLM, signaling that investors expect Stellar to catch up with Ripple’s recent gains.
$XLM Price Prediction: Can $XLM Price Hold Above $0.30?
Holding above the $0.30 mark will be key for confirming a broader bullish continuation. If market sentiment remains risk-on — supported by political stability in the U.S. and improving liquidity conditions — $XLM could aim for $0.35 in the coming sessions.
However, a break below $0.29 could invalidate the bullish setup, pushing the token back into its earlier consolidation range near $0.26.