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Stellar (XLM) Just Crushed XLP With Big 50% Weekly Breakout
The cryptocurrency market has been witnessing a series of surprising developments, and the latest one is no exception. In this week’s trading activity, Stellar (XLM) has made a remarkable move, leaving Ripple (XRP) in its dust.
As reported by U.Today, Stellar (XLM) has just experienced a 50% weekly breakout, outpacing Ripple (XRP) with a substantial margin. This unexpected surge is unprecedented for the XLM/XRP chart, which historically remained stagnant and rarely showed significant price action.
In a surprising turn of events, Stellar (XLM) skyrocketed from $0.107 to $0.154 within a few days, a feat that has not been seen in nearly a year. This price jump is nothing short of astonishing, as the XLM/XRP chart has mostly traded sideways or down during this period.
Furthermore, this development also showed up in dollar terms, with Stellar (XLM) soaring over 70% on the week, crossing multiple resistance levels that had been constraining price action since Q1.
The market reaction to this news is already generating significant interest and attention. While it’s still premature to declare a trend shift, one thing remains clear: both Stellar (XLM) and Ripple (XRP) are currently hot assets in the market.
This article was written by Gamza Khanzadeev
Source: u.today
