In a significant development for the digital asset market, Stellar (XLM) has achieved a “golden cross” against its long-standing rival, XRP, on the daily chart. This technical indicator, observed for the first time in over a year, often precedes substantial price movements and could herald a notable shift in the dynamics between these two prominent cryptocurrencies.
A golden cross occurs when a shorter-term moving average, in this case, XLM’s 23-day moving average, ascends above a longer-term moving average, the 200-day trendline. For market analysts, this typically suggests a bullish sentiment and a potential upward trajectory for the asset.
Source: coinmarketcap.com/community
The last time Stellar exhibited such a crossover against XRP was in November 2024, an event that saw XLM surge by an impressive 135% against XRP in less than a week, pushing the XLM/XRP pair to 0,28. Should history repeat itself, a similar pattern could propel the current ratio to approximately 0,3. If XRP maintains its current valuation of around $3,44, this scenario could potentially see XLM approach the $1 mark.
This technical signal emerges at a particularly interesting juncture, as XRP has recently dominated market discussions. The token has experienced a robust climb of over 16,6% in the past seven days, significantly outperforming the broader cryptocurrency market’s modest 3% ascent. In stark contrast, Stellar’s movement has been minimal, recording only a 0,2% gain over the same period. This discrepancy makes the timing of the golden cross all the more compelling and, for some, potentially surprising.
Currently, XRP boasts a substantial market capitalization of $203,7 mil millones, trading at a price of $3,44. Stellar, with a price of $0,4601, lags considerably with a market capitalization of $14,3 mil millones.
While XRP has been the clear frontrunner in terms of recent raw performance, the golden cross on the ratio chart between XLM and XRP suggests a potential rebalancing of relative strength. This phenomenon often precedes price rotations, particularly within pairs that share a historical connection, as is the case with Stellar and XRP. Both digital assets trace their origins back to Jed McCaleb and, despite their evolving paths, continue to be closely monitored as key indicators for infrastructure plays within the global payments and liquidity sectors.
Market participants will be watching closely to see if this golden cross translates into a similar performance for Stellar as it did previously, potentially reshaping the competitive landscape between these two long-standing rivals in the crypto payment sphere.
Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Always conduct thorough research before making investment decisions.
