XLM Price Surges 26%, Outshines XRP as Top Altcoins Eye Fresh Bounce

• XLM price rose by 26% to lead the top 100 cryptocurrencies and outshine XRP’s 9% gains in the past 24 hours.
• Stellar has had a series of positive developments, including its partnership with Bitso announced on Wednesday.
• XLM could bounce to $0.20 if today’s momentum continues.

XLM Outperforms XRP

The native token of Stellar (XLM) is currently the top performing altcoin among the top 100 cryptocurrencies by market cap. According to data from CoinGecko, XLM price has spiked more than 26% in the past 24 hours as of 2 pm ET on July 19. It was trading above $0.16, with an outlook that suggested bulls could have a fresh go at the $0.20 supply wall. Meanwhile, XRP was trading near $0.83 at the time of writing, roughly 9% up in the past 24 hours.

Positive Developments for Stellar

Stellar has had a series of positive developments recently, including its partnership with Bitso announced on Wednesday which will bolster international payments to Colombia, Argentina and Mexico using USDC. Prior to this it also teamed up with crypto platform fonbnk1 to help millions of unbanked across Africa to tap into blockchain benefits via their prepaid SIM cards.

Technical Outlook for XLM

XLM/USD is looking for a buffer at the resistance zone near $0.15 and if it holds above this level, it is possible buyers would go for a primary target or higher ($0.20). The bullish outlook is largely helped by the technical picture and sentiment catalysed by Stellar’s recent series of great news.

Impact on Unbanked Africans

The new partnerships will help bring financial inclusion to millions across Africa who are unable access banking services due to lack of infrastructure or financial resources – enabling them access blockchain benefits such as money transfers and payments via their prepaid SIM cards instead..


With positive developments such as these helping fuel investor confidence in Stellar’s projects, its no wonder that XLM outperformed XRP today – rising 26% compared to XRPs 9%. With momentum continuing like this there is potential for further growth over coming days and weeks as traders eye a break through $0.20 resistance level should bulls remain in control