Stellar (XLM) Price Loses Edge Against XRP, but There's Catch
05/17/2025 18:48
XRP rival Stellar (XLM) reverses bull trend as XRP competition adds more pressure
XRP rival Stellar (XLM) reverses bull trend as XRP competition adds more pressure
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency market is always characterized by price volatility and fluctuations. In the last 24 hours, two assets, Stellar (XLM) and XRP, have experienced this to a degree, with XRP performing better. As per CoinMarketCap data, XLM’s price is losing against XRP.
XRP holds ground against XLM amid legal uncertainty
Notably, Stellar has lost 3.09% of its value to trade at $0.2885 within this time frame. Comparatively, the XRP price has shed 2.43% to exchange at $2.36.
Investors backing the two different assets have also pulled back following the price drop. While XLM’s trading volume dropped by 33.60% to $188.12 million, XRP experienced more pullback. XRP’s trading volume dipped by 40.24% to $3.26 billion.
You Might Also Like
The data shows that while both assets have suffered declines in the crypto market, Stellar’s losses were more related to its price outlook.
Several factors could have triggered the current sentiments in the crypto market for these assets.
Notably, some members of the XRP community expressed concern over a U.S. court’s rejection of the proposed settlement between Ripple and the Securities and Exchange Commission (SEC).
It appears that, despite assurances from Stuart Alderoty, Ripple’s legal chief, investors are exercising caution in the short term.
Stellar's oversold status could trigger comeback
However, the rivalry between Stellar and XRP in price performance might swing the way of XLM.
At the current rate of decline, XLM is likely to become oversold faster than XRP. If this scenario plays out, Stellar could rebound ahead of XRP and overtake it in price growth, which might favor the lesser-ranked Stellar.
You Might Also Like
Interestingly, Stellar is set for a proper recovery, as reported by U.Today. As its technical indicators signal, the value of XLM could surge past $0.30 going forward.
Meanwhile, some investors remain bullish on XRP and its potential to bounce back. Dave Portnoy, the president of Barstool Sports, recently said he is betting on XRP becoming the next Bitcoin.