Stellar (XLM) is back in action. The token jumped 15% in just 12 hours, going from $0.40 to $0.4644 after the U.S. Securities and Exchange Commission (SEC) dropped its long-running lawsuit against Ripple. The news came late Thursday night and quickly triggered a breakout for Stellar.
Trading volume also spiked, crossing $1.1 billion in 24 hours. Just a day ago, XLM was struggling to stay above $0.41, and now it’s eyeing the next key resistance at $0.51. Market cap jumped to $14.5 billion, pushing Stellar back into the top 20 list.
XLM had been consolidating for weeks in a narrow range between $0.39 and $0.42. The Ripple update came as a surprise for most, but for Stellar holders, it was a much-needed push. Stellar and Ripple share a lot of history, both were co-founded by Jed McCaleb, and the market often treats them as cousins. So when Ripple gets clarity, XLM usually follows.
The timing is also interesting. Stellar is less than a month away from its Protocol 23 mainnet vote, scheduled for September 3. If passed, the upgrade will bring smart contract support and stronger features for tokenized real-world assets. That’s exactly the direction big players are watching right now.
For now, bulls are in control. The $0.45 level has flipped into support, and momentum is clearly on the upside. If XLM manages to hold this zone and Bitcoin remains stable, a move toward $0.51 or even $0.54 isn’t off the table.
In short, XLM’s breakout isn’t just hype, it’s backed by real events and a clean chart. All eyes are now on follow-through volume heading into the weekend.
Also Read: XRP Surges 13% in 24 Hours to $3.36, Hits Two-Week High
