Stellar (XLM) climbed over 10% in 24 hours, tracking XRP’s rally after Ripple’s favorable resolution in its SEC lawsuit.
Trading volume for Stellar surged more than 239%, signaling increased market activity and anticipation of continued upward momentum.
Visa’s integration of Stellar into its stablecoin settlement platform adds potential for institutional adoption and long-term utility in payments.
Stellar (XLM) recorded significant gains in the past day as the cryptocurrency market reacted to the end of Ripple’s court case with the US Securities and Exchange Commission. The token rose 10.87% in the last 24 hours, reaching $0.4594 at the latest reading.
During the same period, trading volume jumped 239.16% to $1.06 billion. Market participants moved quickly following the news of Ripple’s regulatory clarity, with Stellar tracking XRP’s price movement due to their similar use cases in cross-border transactions.
The token advanced from $0.4044 to an intraday peak of $0.4678.
Technical Indicators Show Room for Further Gains
Stellar’s Relative Strength Index (RSI) currently stands at 62.86. This level indicates that the token is not yet in overbought territory, suggesting there may be room for additional upward movement. Data from the last seven days shows a 16% rise, adding to the momentum built over the past month.
The market outlook for Stellar improved further with its recent integration into Visa’s stablecoin settlement platform. This move could increase institutional interest in XLM as part of payment solutions. Greater adoption of the network could add sustained demand for the token.
Market Sentiment Remains Positive
With XRP avoiding potential regulatory hurdles, Stellar may benefit from a similar lack of direct legal challenges. Analysts note that the correlation between the two assets has historically been strong. This latest development appears to have reinforced investor confidence in Stellar’s market position.
Given the current trend, Stellar could test the $0.50 mark if buying pressure continues. The combination of technical indicators, increased trading volume, and favorable market conditions supports the possibility of further gains.
