Get ready for a potentially explosive shift in the crypto payments arena! An old rivalry has resurfaced with a captivating twist as Stellar (XLM) just printed a rare "golden cross" against XRP on the daily chart. This highly anticipated technical signal, unseen in over a year, occurred when XLM's 23-day moving average surged decisively above its 200-day trendline. Historically, this exact crossover preceded a colossal 135% spike for Stellar against XRP in November last year. If history proves to be a reliable guide, a similar surge could propel the XLM/XRP ratio to around 0.3, potentially pushing XLM near the coveted $1 mark, assuming XRP holds its current price of $3.44. What makes this signal even more compelling is its timing. It arrives precisely as XRP has been dominating the narrative, boasting an impressive 16.6% rally over the past week, vastly outperforming the broader crypto market. In stark contrast, XLM has barely budged, gaining just 0.2% in the same period, making this golden cross on the ratio chart particularly surprising and potentially deceptive. Despite XRP's significant market capitalization dominance ($203.7 billion vs. XLM's $14.3 billion), this technical indicator often foreshadows a substantial shift in relative strength. Both assets, deeply rooted in the vision of Jed McCaleb, remain closely monitored as key proxies for infrastructure plays in payments and liquidity. This unexpected golden cross suggests that while XRP has basked in recent glory, Stellar might be quietly positioning itself for a dramatic surge, potentially rewriting the competitive landscape between these two blockchain giants.
Summary: Stellar (XLM) Scores First Golden Cross Versus XRP in Year
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Based on article from U.Today