- Stellar slips below key support, triggering fresh market caution signs.
- XRP remains steady while XLM struggles to hold critical levels.
- Momentum fades for Stellar as traders eye next support zone.
Stellar (XLM) has breached a critical technical level, sparking renewed caution among traders. According to a chart shared by analyst Ali Martinez (@ali_charts) on X, the XLM token has officially lost support from its 10-day simple moving average, which previously served as a short-term momentum guide.
The move comes after Stellar surged from approximately $0.25 to nearly $0.50 in just under three weeks. Nevertheless, the recent sharp dismissal(s) at the $0.48 level and the subsequent close trading under the 10-SMA have changed the technical environment.
Following this break, price action became choppy, and candles formed a more indecisive pattern, which indicates increased reluctance in the market.
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This particular moving average was influential in XLM’s rally at the beginning and middle of July. Its loss of support is now being characterised as a negative (bearish) indicator unless the token can retake support soon. According to on-chain report, Stellar is currently trading at about $0.426, and the daily decline of 4 percent further explains the emerging weakness.
Meanwhile, XRP continues to hold firm above the $3.17 level following its recent breakout. Whereas other coins, including XRP, have recorded some retreats, XRP has stood firm with its price configuration, which offers a strong difference to Stellar’s abrupt change of direction.
Source: Ali_Chart
Stellar Faces Technical Pressure as XRP Holds the Line
Market analysts now view Stellar’s break below the 10-day SMA as a potential trend reversal signal. A failure to regain this support could further tilt short-term sentiment to the downside. Momentum is already exhausted, and the inability to see any extension buying above key resistance puts pressure on the price.
Conversely, XRP has remained solid, which indicates buying strength that will not go away, no matter what happens in the wider market. This inferiority of XLM’s performance compared to XRP can be identified as more evident as the short-term trend of Stellar is weakening.
Stellar’s latest technical actions and loss of trend mean that the token is weak at the technical level now. Bearish pressure is likely to prevail unless the recovery is quick.
Dropping below its 10-day moving average, Stellar has shifted market sentiment just as XRP maintains its advantage. The contrasting strength between the two tokens is drawing market attention, with XLM now facing the risk of extended downside unless buying momentum returns quickly.
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