Stellar (XLM) Surges 5 Percent as Traders Rotate Away From XRP Momentum

• Stellar outpaces XRP as traders shift focus amid rising altcoin momentum.
• XRP holds steady above $2.20 despite major Ripple ecosystem updates.
• XLM targets breakout above $0.26 as investor interest gains stronger traction.

Stellar (XLM) posted a 5 percent gain in the last 24 hours, outpacing XRP’s modest rise of 0.59 percent. The sharp movement has stirred speculation that traders are shifting attention toward XLM as momentum builds across the altcoin market.

XLM’s price reached an intraday high of $0.254 early on Monday, recovering steadily from a recent low of $0.222 recorded on July 1. By press time, XLM was trading at 0.25, which continues to stay below the critical 50-day simple moving average of 0.26.

However, XRP is still trading above 2.20, ranging in a narrow channel without much movement regardless of Ripple’s development. The firm has recently requested a national banking charter with the U.S. Office of the Comptroller of the Currency.

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If this were granted, Ripple would be required to be directly under the government’s supervision and consolidate its influence in the financial services sector.

Mercado Bitcoin is also moving more than $200 million in real-world assets, representing tokenized assets, to the XRP Ledger. These assets are equity income and fixed-income instruments, which highlights the increasing interest in XRP’s functionality in the conventional sphere of finance.

Investors Turn to XLM Amid Signs of Altcoin Rotation

Despite these updates, XRP’s price action has remained subdued. Investors are reallocating capital into Stellar, anticipating a breakout move that could take XLM toward the 200-day simple moving average at $0.307.

XLM and XRP are historically price-correlated because the two have similar origins and are concerned with cross-border payment systems. At present, however, the divergence represents a change of sentiment in the market, with short-term traders once again showing an interest in Stellar.

XLM’s technical stance is in consolidation, and the relative strength index is just over the halfway mark of 50 points on the daily time frame. A sustained move beyond the 50-day moving average with a firm break could affirm the continuation of bulls. In the event that the downward pressure continues, support on XLM is based between $0.20 and $0.216.

Stellar’s recent surge has drawn attention away from XRP, despite Ripple’s ongoing developments. Traders now watch for a possible trend shift as XLM eyes key resistance levels and leads short-term altcoin momentum.

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