Stellar (XLM) gained 10 %in the last 24 hours and entered the radar of investors. This rise is directly linked to the mobility in the crypto market under the leadership of XRP. SEC (US Securities and Stock Exchange Commission), Grayscale’s XRP and Dogecoin Spot ETF applications to examine applications created a positive atmosphere in the market. These developments prepared the ground for an increase in demand for subcoins such as XLM.
Stellar (XLM) rises in the footsteps of XRP
XRP experienced a 13 %price increase after SEC’s news that the Grayscale XRP Trust application was evaluated. The effect of this positive news has also pulled the price of Stellar (XLM). Historically, XLM is known for exhibiting similar price movements with XRP, and this last rise has proved it. The price of XLM has reached $ 0.35 by rising four days in a row since February 11th. Today, the XLM climbed up to $ 0.362 and continues to attract the attention of investors.
Looking at the daily moving average (SMA) levels, the 50 -day SMA level is 0.397 dollars and the 200 -day SMA level is $ 0.237. If the XLM price exceeds the 50 -day SMA level, a stronger rise potential may occur. These levels are critical for Stellar and it is recommended that investors carefully monitor these technical levels.
Next targets for XLM
According to analysts, the Stellar (XLM) price remains above the 50 -day SMA level, the price can lead to a rise to $ 0.51 to 0.63 dollars. If the rise acceleration continues, it is quite possible to achieve these goals. However, the possibility of profit sales in the short term should be taken into consideration. This may lead to a temporary correction of the price. The evaluation process of Grayscale’s Spot XRP and Dogecoin ETF applications may result in October 2025. If this process is positive, a larger rally may be experienced in the crypto market. Stellar’s exhibiting similar price movements with XRP gives positive signals for the future performance of this subcoin.
The most important element that investors should pay attention to in this process is the critical support and resistance levels of XLM. In the rise scenario, XLM seems to attract the attention of a wider audience and test new summits over $ 0.50. However, it should not be forgotten that market conditions are variable.
