XRP News Today: Stellar (XLM) surges 70% in a month, outpacing XRP's 36% gain

Stellar (XLM) has experienced a significant surge in value, with its price increasing by 70% over the past month. This remarkable growth has sparked renewed interest and speculation about its potential to outperform other cryptocurrencies, particularly XRP, in the next bull market. The recent price action of XLM, which has seen it climb from around 32 cents to 55 cents, indicates strong upward momentum. The cryptocurrency is currently facing resistance at approximately 63 cents, and if it manages to break through this level, it could potentially reach around 87 cents, representing a further 55% increase from its current high. Support for XLM is around 16 cents, but the positive momentum, as indicated by a balanced Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggests that XLM is well-positioned for continued growth if it maintains its pace above its short-term moving averages.

XRP, another prominent altcoin, has also shown strong performance, with a 36% increase over the past month. Currently trading between approximately $2.40 and $3.12, XRP is nearing its resistance level at $3.41. A sustained move beyond this level could target the next resistance at $4.14, indicating a potential rally of around one-third from current levels. While XRP has experienced a 27% gain in just one week, its performance over the past six months has been more modest. Indicators suggest that XRP may be in overbought territory, and traders are watching closely for either a breakout or a potential dip towards the support level at nearly $2.

Both Stellar and XRP are demonstrating impressive strength, with their price charts suggesting potential breakouts in the near term. While XLM's rapid acceleration may give it a short-term advantage, XRP's larger market presence and growing momentum make this competition far from over. As the market prepares for its next move, investors will be closely monitoring which of these veteran cryptocurrencies will take the lead. The upcoming bull market could see either Stellar or XRP emerging as the frontrunner, depending on their ability to sustain their current momentum and overcome key resistance levels.