Stellar XLM Sharp Bounce 26% Because of XRP ETF Hope and Stellar Protocol 23 Upgrade
Stellar XLM jump 26% within 24 hours and 67% for di past week, trading between $0.23 and $0.26 wit volume hit $2.2 billion. Di rally, wey dey caused by XRP ETF hope and market gains wey Bitcoin lead, push XLM pass im 20-day and 100-day moving averages. Traders dey eye resistance at $0.27 and $0.29, wit support near $0.21. On-chain catalysts include di August 14 vote for Stellar Protocol 23 to boost Soroban platform performance and Franklin Templeton’s $446 million tokenization of U.S. Treasuries on Stellar. Stellar’s DeFi TVL climb 22% to $120 million. XRP self rise over 27% weekly, trading between $2.17 and $2.35, wit resistance at $2.43 and $2.61.
Bullish
Stellar XLM strong 26% rally, breakout above 20-day and 100-day moving averages plus $2.2 billion trading volume dey signal strong buying pressure. Upcoming catalysts–Aug 14 vote on Stellar Protocol 23 and Franklin Templeton $446 million tokenization of U.S. Treasuries–show say institutional interest and network use dey rise. Technical targets for $0.27 and $0.29 mean say further increase dey come, plus Bitcoin-led market gains and XRP ETF optimism wey dey push altcoin momentum. Even though overbought conditions fit cause short-term pullback, locked-together on-chain upgrades, tokenization, and technical momentum dey support bullish view for XLM.