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XRP Rival Stellar (XLM) Reverses Gains, What’s Happening?
Over the weekend, the price of XRP rival Stellar (XLM) reversed its gains and has started to decline. This unexpected move has left many investors wondering what could be causing the sudden downturn.
As of press time, the ongoing XLM breakout might signal that more selling off is ahead. The altcoin market is currently witnessing uncertainty, with Ethereum dropping by 2.35% in 24 hours and falling below the $2,000 support level. Meanwhile, Solana has also experienced a mild decline of 1.1%, dipping to $130.
The recent price drop in XLM could be a sign that the much-anticipated altcoin season is yet to emerge. Despite Ripple Labs CEO Brad Garlinghouse’s announcement about the SEC lawsuit dismissal, which caused XRP and other altcoins to surge to new heights, it appears that this current correlation may not signal an imminent reversal.
While no clear explanations for the sudden downturn have been provided by experts or market analysts, investors should be cautious of a potential price correction.
Source: https://u.today/xrp-rival-stellar-xlm-reverses-gains-whats-happening
