Stellar’s XLM Bullish Than Ripple’s XRP

Stellar is poised for a robust bullish breakout in January.  XLM is now setting itself apart with a more decentralized strategy after being marginalized by the Ripple-based token. XRP has reached overbought RSI levels for the first time since the 2021 bull market peak, following a gain of over 280 percent in November.

 

The RSI is above 80 on the daily chart and the weekly RSI is approaching historical highs, which indicates the buyer’s exhaustion. Stellar had a deflationary advantage due to the significant reduction in supply caused by the 50% token burn in 2019.  XLM surged more than 450 percent in tandem with XRP in November.

XLM’s RSI levels are not as high as those of XRP, however, If $0.4 is lost, selling may speed up. It is a crucial pivot point.  Long-term buyers may have a safety net with the 200-week moving average drawing near, Although its trading volume is much lower than Ripple’s XRP the token has been less parabolic

Their growth models and tokenomics differ greatly, but both assets seem ready for institutional adoption. XLM is developed through community-based utilities, whereas XRP depends on institutional support.

Stellar is a decentralized peer-to-peer (P2P) network developed in 2014. Its purpose has been to link global financial systems and create a uniform protocol for financial institutions and payment providers. The platform facilitates the quick, dependable, and affordable transfer of financial assets.

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ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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