The cryptocurrency market experienced a notable rally as the prolonged legal battle between the United States Securities & Exchange Commission and Ripple concluded after nearly five years. This resolution has sparked renewed interest in remittance tokens, with Ripple's XRP rising from $2.97 to $3.36 and Stellar's XLM surging over 16% to $0.4626.
Stellar's trading volume has increased significantly, indicating strong market interest, and the token has surpassed key resistance levels, suggesting potential further gains. Analysts anticipate Stellar could see a 35% increase from its current price, driven by the positive sentiment following the regulatory decision.
Stellar and XRP Surge as Ripple-SEC Case Concludes
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