Stellar XLM Surges by 50% – Following XRP and ADA’s Lead

Stellar (XLM) price surged 50% in the past 24 hours to hit $0.43. Riding the coattails of its peers XRP and ADA, XLM has gained 170% over the past week, signaling renewed interest in the token and its potential for further growth.

XLM’s Meteoric Rise After Months of Stagnation

Stellar had been consolidating around $0.09 for months before joining the broader crypto market rally. Its recent surge to $0.43 marks a significant breakout, driven by a wave of market optimism.

XLM/USD 4-hourschart – TradingView

Wy is Stellar Price UP?

XLM’s price action appears closely tied to its peers, XRP and ADA, which have seen substantial gains in recent days. As XRP broke $1 and ADA surpassed $1, XLM has mirrored their trajectory, gaining 170% in just a week.

Stellar Price Prediction: Aiming for $1

Analysts suggest XLM’s next target is $0.80, with the psychological $1 milestone firmly in sight. However, potential retracement levels include $0.36 and $0.31, where buyers may look to enter if corrections occur.

XLM/USD 1-month chart – TradingView

What’s Driving Stellar’s Revival?

Stellar’s rise can be attributed to growing market enthusiasm, particularly for legacy projects gaining renewed traction. With the crypto market turning bullish, XLM is positioned for further growth in the coming weeks.