Stellar Price Surges 12.45% on SEC-Ripple Case Dismissal and Upcoming Upgrade

Generated by AI AgentCoin World
Saturday, Aug 9, 2025 6:52 am ET1min read
BTC
--
XLM
--
XRP
--
Aime RobotAime Summary

- SEC-Ripple case dismissal on August 8, 2025, boosted crypto markets, with Stellar (XLM) surging 12.45% in 24 hours.

- XLM futures saw 40% higher open interest ($434M) and a 1.0173 long-to-short ratio, reflecting strong bullish sentiment.

- Upcoming Protocol 23 upgrade aims to enhance Stellar's transaction speed and smart contract capabilities, supporting DeFi and RWA growth.

- Institutional adoption via ISO 20022 compliance and partnerships with Visa/Marketnode drives cross-border payment expansion in Asia-Pacific.

The dismissal of the SEC versus

Ripple
case on August 8, 2025, has triggered a positive shift in the cryptocurrency market, particularly for
Stellar
(XLM) [1]. The resolution of the long-standing legal dispute between Ripple and the SEC has alleviated regulatory uncertainty, leading to a surge in investor confidence in projects with similar technological underpinnings. In the two days following the dismissal, XLM surged nearly 15%, with a notable 10% rally on August 7 and a further 5% increase on Friday [1].

This bullish momentum has been reinforced by a 40% rise in open interest for XLM futures within 24 hours, reaching $434 million, as more traders adopted long positions. Short positions worth $1.17 million were liquidated, while long liquidations totaled only $351,490, indicating a strong preference for upward price movement [1].

The long-to-short trade ratio also rose to 1.0173, further highlighting the shift in trader sentiment [1]. On-chain data shows that Stellar transactions and stablecoin supply increased significantly over the past month, signaling growing adoption and confidence in the network.

Technically, XLM has broken above a descending channel pattern and a key resistance level of $0.4389, with buyers now targeting $0.4834 and potentially $0.5166. At the time of writing, the token was trading at $0.4635, up 12.45% in the past 24 hours [1].

The upcoming Protocol 23 upgrade, set for a validator vote on September 3, is expected to enhance Stellar’s capabilities with features such as parallel transaction processing and the Soroban smart contract platform. These developments could enable the network to process up to 5,000 transactions per second, positioning it as a strong contender in the DeFi and real-world asset tokenization markets [2]. Trading volume has already surged by 260%, exceeding $1 billion, while RWA transactions rose by 199% month over month.

Stellar’s institutional adoption is also on the rise, driven by its ISO 20022 compliance and partnerships with entities like

Visa
and Marketnode. These collaborations are helping to solidify Stellar’s role in cross-border payments and remittances, with the Asia-Pacific region emerging as a key growth area [2].

Despite the positive developments, XLM remains subject to broader market dynamics. Bitcoin’s volatility and upcoming economic data releases are factors that could influence XLM’s trajectory. Analysts suggest that Stellar’s technical upgrades, institutional partnerships, and favorable market conditions could support further gains, with price targets as high as $0.51 being discussed [1].

Source:

[1] Cryptonews - $XLM Price Soars 11% – Will Stellar Break $0.48 Ahead of CPI?

https://cryptonews.com/news/xlm-price-soars-11-will-stellar-break-0-48-ahead-of-cpi/

[2] investx.fr - What's Behind Today's Surge in XLM Price

https://investx.fr/en/crypto-news/whats-behind-todays-surge-in-xlm-price/