Stellar (XLM) Surges 35% as Daily Activity Hits 20M, Outscores XRP

Stellar (XLM) has recorded a sharp 35 percent rise in on-chain activity within the last 48 hours. According to network data, daily operations have surpassed 20 million, marking the highest usage since late 2024.

This surge in network traffic has directly impacted XLM’s market performance, with the token breaking above its 200-day moving average. XLM trades around $0.27, where the 50-day and 100-day moving averages have formed a tight convergence zone. Analysts widely recognize this level as a potential trigger for increased volatility or trend reversal.

The price recovery of XLM contrasts sharply with the stagnant price pattern of XRP, which continues to face resistance amid ongoing legal uncertainty. While XRP remains trapped within a descending channel, XLM’s performance is backed by growing real-world utility and consistent technical strength. Over the past month, XLM has shown cleaner upward momentum supported by usage metrics, while XRP’s movements have been mainly speculative.

Also Read: UK Fintech and Crypto Startups Threaten to Exit Over Tough Regulations

Network Growth Fuels Stellar’s Outperformance

XLM’s recent breakout is closely tied to a surge in practical network use, particularly in token transfers and decentralized exchange transactions. Experts have noted that the growing use of Stellar’s fast and affordable cross-border payment services has driven this trend. The spike in operations signals strong user demand and an increase in utility-led growth.

XLM leads XRP in real usage statistics, while XRP continues to face legal difficulties without recent spikes in network traffic. Technical analysis shows positive support for the price increase through the relative strength index, which currently stands at 58 but remains below overbought levels.

According to analyst projections, XLM could reach $0.34 if it maintains a daily closing position above $0.29. However, if it breaks below $0.27 support, the price may experience downward pressure, which could validate the 200-day moving average at $0.26.

The daily operations reaching 20 million millionaires, along with technical market signals, validate Stellar’s advancing position. The ongoing growth of XLM and its expanding adoption seem likely to establish this token as a primary competitor against XRP during future periods.

Also Read: David Bailey Joins Eric Trump to Lead Metaplanet’s Bold Bitcoin Expansion

The post Stellar (XLM) Surges 35% as Daily Activity Hits 20M, Outscores XRP appeared first on 36Crypto.