Stellar (XLM) Outperforms XRP (XRP) on Higher Price and Volume

Stellar (XLM), the digital currency known as XRP’s rival, has recorded a significant uptick in key performance metrics.

Stellar (XLM), the digital currency sometimes described as an 'anti-coin' and rival to Ripple's XRP, has seen a significant uptick in key performance metrics in the last 24 hours. According to CoinMarketCap data, XLM has outperformed XRP following its comparatively higher price and volume transacted by market investors in 24 hours.

Stellar price up double digits vs XRP

As of press time, XLM was trading at $0.2982, marking a 10.1% price increase in the last 24 hours. The uptick has renewed investors' interest in the coin as the transaction trend has surged. Stellar's price had dropped to $0.2881, the lowest in a week, before the recent rally.

Within the same period, trading volume has soared by 190.52% to $476.51 million. The XLM technical chart signals the potential for asset growth. As reported by U.Today, Stellar's recent Head-and-Shoulders pattern teases a potential major breakout beyond what it is currently witnessing.

Meanwhile, XRP has been unable to keep up with its rival on the crypto market. The token's price has increased by 5.94% within the same time frame to $2.34.

While there has been a significant uptick in volume, it remains in the double-digit range compared to XLM. Investors have only increased trading volume by 48.37% to $7.26 billion. These figures are impressive but lag behind Stellar's, which is soaring higher than XRP at the moment.

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The large volume of XLM transactions gives it an edge over XRP. Notably, the XRP rival has been consistent over the past few days, as the ecosystem recently recorded 50 million XLM within 72 hours.

This volume is increasing, suggesting that investors have renewed confidence in Stellar's future outlook and are betting on more growth.

It appears that XLM is also becoming more useful for transfer payments as users explore its inexpensive transfer platform, which rivals that of XRP.