- XLM ranks as the 12th largest digital asset, surging 463.22% in the past month.
- XRP eyes the $1.5 price level, skyrocketing 187.44% in the last 30 days.
- XRP is expected to continue its uptrend with the possible approval of spot XRP ETF.
Stellar (XLM) recorded impressive gains in the ongoing crypto market rally, with XRP following a similar upward trend. Both altcoins have outperformed major tokens in the crypto space. XLM has climbed into the top five digital assets by market cap, while XRP ranks sixth, targeting a spot among the top five.
Bitcoin (BTC) and Ethereum (ETH) lead the crypto market with respective market capitalizations of $1.94 trillion and $407 billion, while XRP is valued at $83.835 billion. According to CoinMarketCap data, XRP traded at $1.47 at the time of writing, up 2% in the past 24 hours but down 61.93% from its all-time high of $3.84.
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Over the past week, XRP has risen 27% and surged 187.44% in the last month. Since November 2023, the altcoin has gained 135.32%, signaling a potential breakout as the bull market progresses. XRP’s trading volume stands at $12.12 billion, expected to grow further in the coming weeks.
Upcoming developments, including Ripple’s stablecoin RLUSD debut and a partnership with Cardano (ADA), could push XRP’s price higher. Additionally, the anticipated approval of a spot XRP ETF in the United States is likely to attract more capital to the altcoin.
Stellar (XLM) Price Surge
XLM, now the 12th largest digital asset by market cap at $15.83 billion, trades at $0.53. While its price dropped 6.69% in the past 24 hours and remains 43.8% below its all-time high of $0.9381, the altcoin has risen 127.93% over the past week and 463.22% in the last 30 days.
The gradient of the Relative Strength Index (RSI) reads a value of 90.76 which means that the bulls are in control of the XLM price action. However, the overbought price levels also indicate that the chances of the altcoin crashing are significantly high.
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