
Stellar (XLM) Just Crushed XLP with a massive 50% weekly breakout!
In a stunning turn of events, Stellar’s value has skyrocketed by a whopping 50% in just one week. This unprecedented growth leaves Ripple’s XRP trailing behind, a stark contrast to the usual correlation between these two closely tied cryptocurrencies.
XLM’s impressive performance is all the more astonishing considering it has been trading sideways for months. The cryptocurrency, co-created by Jed McCaleb alongside XRP, seems to have finally broken out of this consolidation period and surged from $0.107 to $0.154 within a short span of just a few days. In dollar terms, XLM has increased over 70%, clearing multiple resistance levels set since the beginning of Q1.
It’s essential to note that Stellar is now significantly higher than it was in recent months, with no signs of slowing down. The divergence between these two cryptocurrencies may be telling us something more profound about their underlying ecosystems.
Source: u.today