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Stellar

<p><a href="https://coinmarketcap.com/currencies/stellar/" target="_blank" rel="noopener noreferrer nofollow">The price of Stellar (XLM)</a> has been recovering for the past 8 days after it bottomed at around $0.077. It has since then increased by 20%. This move is also similar to that of many altcoins that fell hard following the decline of Bitcoin and Ethereum prices.</p>
<p>The general market is having a price recovery, and XLM is also following the same price pattern. However, now that Stellar’s XLM price is recovering, will it continue to follow XRP’s price path to start a major rally?</p>
<h2 class="wp-block-heading" id="ripple-s-xrp-and-stellar-s-xlm-price-similarities">Ripple’s XRP and Stellar’s XLM Price Similarities</h2>
<p>A look into price action shows that the price of XLM and Ripple’s <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> have had similar price patterns for a long time. XRP has struggled to impress its users, and the same goes for Stellar.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-1024x484.png" alt="" class="wp-image-524755" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-391.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">The price of XRP,</a> for example, has been stuck in a consolidation (sideways trading pattern) since April 2022. And since then, the price has been trading largely between $0.3 and $0.75—a 150% price range.</p>
<p>A similar pattern can be seen with XLM, which has also been trading within a range-bound consolidation since May 2022. Trading between $0.07 and $0.16—around 130% profit range.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-1024x484.png" alt="" class="wp-image-524763" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-392.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The two crypto recoveries have also followed a similar pattern. With their prices bouncing off around the bottom over 2 years range-bound zone.</p>
<h2 class="wp-block-heading" id="will-xlm-follow-xrp-path-or-start-its-own-rally">Will XLM Follow XRP Path or Start Its Own Rally</h2>
<p>Based on price action, a sustainable price recovery for XLM is not looking likely yet. Perhaps the price needs to first break out of the consolidation for traders to have the confidence to polish higher.</p>
<p>The ongoing recovery may not be enough to change XLM market sentiment. Therefore, it might continue on XRP’s path for some more time.&nbsp;</p>
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<p><strong><em>Read Also:<a href="https://captainaltcoin.com/notcoin-not-dims-after-bright-beginning-loses-50-in-6-weeks-more-price-drop-incoming/" target="_blank" rel="noopener noreferrer nofollow"> Notcoin (NOT) Dims After Bright Beginning: Loses 50% in 6 Weeks: More Price Drop Incoming</a></em></strong></p>
<p><strong>From Fundamentals Perspective:&nbsp;</strong><br>There seems to be nothing going on with Stellar right now. The <a href="https://x.com/stellarxhq" target="_blank" rel="noopener noreferrer nofollow">project’s official X (Twitter) page</a> has only been updated once this year, with a few posts in 2023. Lack of X presence like their competitors is bad for the project. Perhaps, it is a self-inflicted death sentence.</p>
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<p>The post <a href="https://captainaltcoin.com/stellar-price-wakes-up-will-xlm-follow-xrps-path/" rel="noopener noreferrer nofollow">Stellar Price ‘Wakes Up’: Will XLM Follow XRP’s Path?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Stellar Price ‘Wakes Up’: Will XLM Follow XRP’s Path?

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