Stellar's XLM bounces 15% two days after hitting record low versus XRP
XLM price is playing catchup to XRP's March gains, quickly rising 25% versus the U.S. dollar while the XLM/XRP pair bounces from record lows. The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181. Notably, the XLM/ XRP pair rose to its intraday high of 0.20 XRP on March 31, a move that coincided with a decoupling between Stellar and XRP in the U.S. dollar market. For instance, XLM's price has jumped over 11% since March 29 versus XRP's 3% decline. XLM/XRP weekly price chart. Source: TradingView XLM price eyes 10% gains versus XRP in April On a broader timeframe, XLM has dropped 89% versus its peak of 1.655 XRP in January 2021. Interestingly, the peak formed a month after the U.S. Securities and Exchange Commission sued Ripple for allegedly selling securities in the form of XRP tokens. The SEC vs. Ripple case is now nearing its conclusion with legal experts favoring a win for Ripple. Meanwhile, ...