Market Cap: $3.3843T 0.630%
Volume(24h): $115.6494B -9.640%
  • Market Cap: $3.3843T 0.630%
  • Volume(24h): $115.6494B -9.640%
  • Fear & Greed Index:
  • Market Cap: $3.3843T 0.630%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$109255.943346 USD

0.44%

ethereum
ethereum

$2576.771422 USD

0.33%

tether
tether

$1.000392 USD

0.00%

xrp
xrp

$2.244563 USD

0.13%

bnb
bnb

$661.282155 USD

0.33%

solana
solana

$151.348303 USD

-0.88%

usd-coin
usd-coin

$0.999915 USD

0.00%

tron
tron

$0.286551 USD

0.42%

dogecoin
dogecoin

$0.170740 USD

1.18%

cardano
cardano

$0.592419 USD

1.19%

hyperliquid
hyperliquid

$39.292356 USD

-1.41%

sui
sui

$3.003036 USD

3.67%

bitcoin-cash
bitcoin-cash

$489.883884 USD

-2.29%

chainlink
chainlink

$13.601976 USD

0.89%

unus-sed-leo
unus-sed-leo

$9.023183 USD

0.31%

Cryptocurrency News Articles

XLM and XRP See Red as Their Meteoric Growth Halts, Here's Why

Nov 20, 2024 at 04:00 am

Two tokens have of late surprised investors with almost triple-digit growth, namely Ripple [XRP] and Stellar [XLM].

XLM and XRP See Red as Their Meteoric Growth Halts, Here's Why

Two tokens that have recently surprised investors with almost triple-digit growth are Ripple [XRP] and Stellar [XLM].

While XRP sat comfortably in the top 10 list at the time of writing, XLM’s latest price increase sparked hope for its reentry in the top 20 list of cryptos by market capitalization.

XLM’s meteoric growth halts

Both XLM and XRP registered a massive growth of nearly 100% over the past few days. As a result of that, Stellar’s market cap increased substantially, earning it the 21st spot on the list of cryptos by market cap.

This left a difference of just over a billion between the 20th and XLM’s market caps. In case of a continued price rise, it seems viable for XLM to reenter the top 20 list again.

However, on-chain data suggested a different outcome. For example, XLM’s trading volume started to decline. Its Weighted Sentiment also dropped — a sign of rising bearish sentiment.

The declining metrics had a quick impact on Stellar’s price action. As per CoinMarketCap’s data, XLM’s price dropped by nearly 10% in the last 24 hours.

At the time of writing, it was trading at $0.2255 with a market cap of $6.75 billion. One possible reason could be high selling pressure.

Stellar’s Relative Strength Index (RSI) was resting in the overbought zone for quite a few days. This might have motivated investors to sell their holdings in order to earn profits.

Whenever a sell-off happens, it is often followed by price corrections. The Chaikin Money Flow (CMF) also registered a downtick, further suggesting a sell-off.

XRP has a similar fate

Like XLM, XRP also fell victim to a price correction. But XRP investors were not in a panic mode, as the token’s price only dropped 2%, which was way less than XLM’s 10% drop.

As of press time, XRP managed to stay above $1 and was valued at $1.09.

While that happened, the token’s Long/Short Ratio dropped significantly in the 4-hour timeframe.

This meant that there were more short positions in the market than long positions, which could cause more trouble for XRP’s falling price.

AMBCrypto then checked XRP’s daily chart to find out whether it was also experiencing high selling pressure. It was not a surprise to see XRP and XLM sharing a similar fate.

Read Ripple’s [XRP] Price Prediction 2024-25

Like Stellar, XRP’s CMF registered a downtick.

Moreover, its Relative Strength Index (RSI) was in the overbought zone, signaling the possibility of a further rise in selling pressure.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jul 04, 2025