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Stellar’s resilience and unique technology signal anticipated bullish momentum. Amidst the dynamic cryptocurrency landscape, Stellar (XLM) emerges as a standout player, characterized by its distinctive technology and closely intertwined history with XRP. Jedd McCaleb, a otal figure in the development of XRP, played a crucial role in the inception of the Stellar network in 2014, forging a unique connection between these digital currencies.
Ripple’s #XRP and #Stellar‘s #XLM, dubbed the ‘#Pepsi and #CocaCola‘ of central bank utility by a #Ripple executive, are shaking up the crypto world! 💥
— Collin Brown (@CollinBrownXRP) November 20, 2023
Don’t miss this game-changing revolution in finance. pic.twitter.com/RuGuUJuVZA
Key price moments, including XRP’s peak at $3.3 and XLM reaching $1.05, underscore a consistent correlation, garnering attention, particularly in market downturns. In a recent podcast, a Ripple executive drew an analogy, likening XRP and XLM to iconic beverage brands, implying a potential parallel role that extends even to central banks. XLM’s recent price fluctuations, ranging from $0.111 to $0.126, showcase its resilience, presenting enticing opportunities for traders.
Key Stellar Levels To Watch – November 27
Following the massive rally in June 2023 and July 2023, prices fell progressively from the $0.19600 supply zone. The selling pressure increased as prices sank lower to fill the liquidity void formed during the rally.
The price bounced off the major trendline on October 18, 2023, as it surged upward into a bullish phase. Apparently, XLMUSD is heading into the oversold region according to the RSI (Relative Strength Index). The price is likely to resume its bullish trend afterwards.
XLM/USD Key Levels
Resistance Levels: $0.13500, $0.18100, $0.19600
Support Levels: $0.11100, $0.09500, $0.07500
Stellar Metrics
Total Market Capitalization: $1.39T
Stellar Market Capitalization: $3.29B
Stellar Volume: $104M
Market Rank: #25
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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