- XLM breaks out, surges past XRP with strong bullish momentum.
- Stellar eyes $1 target after outperforming XRP in weekly gains.
- XLM/XRP pair reversal signals renewed interest in Stellar ecosystem.
Stellar Lumens (XLM) has captured market attention after outperforming XRP and confirming a breakout from a bullish flag pattern. Crypto analyst Ali Martinez on X highlighted the breakout, which signals a possible continuation of the upward movement as XLM targets the $1 mark.
The token reported a major rally against XRP last week, rising by around 45 percent in a few days. XLM jumped up to $0.154 in the XLM/XRP exchange pair, exiting a long-term trend down and hinting at gaining momentum again in Stellar’s ecosystem.
XLM was also very positive against the US dollar, increasing by more than 70 percent and closing the week around $0.43. However, the pace of XLM’s gains was more aggressive, shifting sentiment in favor of Stellar. The dramatic trend assisted XLM in breaking several resistance levels that had held up over the initial quarter.
Source: Ali-Chart
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The same period was characterized by a surge in XRP, with new year-to-date highs of 3.65 dollars. However, the rates of XLM advancements were more forceful, and the opinion changed in preference for Stellar. The comparative momentum shift remains as the two tokens exhibit a healthy price interdependence with a 100-day correlation index of $0.95.
XLM Gains Lead Over XRP Amid Shift in Market Sentiment
The recent surge in XLM’s value comes as the market appears to be reassessing the utility and positioning of the two assets. Whereas XRP is closely associated with the Ripple commercial-based infrastructure, Stellar has continued to focus on peer-to-peer access to finance and decentralization.
This disparity between the XLM goal and the XRP goal has created an unofficial sentiment indicator for the XLM/XRP trading pair between the two investor communities. Substantial volume has supported this reversal trend in the pair’s direction, further proving that buyers are gaining ground in the market regarding the use of Stellar.
In spite of this fierce rally, XLM already indicated a minor correction on Saturday since the price was cooling down after the quick ascent. Still, the situation looks rather optimistic in the long run, in case the token does not fall below critical support levels.
XLM’s breakout from a bullish flag and its sharp gains over XRP reflect a shift in short-term momentum within the crypto market. As both tokens remain closely correlated, further developments in the XLM/XRP pair will likely influence broader investor sentiment in the future.
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