XRP is rallying, soaring to a seven-year high. Will Stellar’s XLM price prediction follow? Investors turn to Solaxy (SOLX) as they diversify.
XRP is rallying, recently printing a new 7-year high. This spike is fueled by a combination of supportive developments, including the release of the institutional-grade stablecoin RLUSD, the impending departure of United States Securities and Exchange Commission (SEC) chair Gary Gensler, and Donald Trump taking over as president.
XRP Price Roars Above $3 To Hit 7-Year High
XRP
XRP
1.04%
XRP
XRP
Price
$1.15
1.04% /24h
Volume in 24h
$863.79M
Price 7d
is now trading above $3 for the first time since 2018, extending the over 300% surge from Q4 2024.
This uptick has propelled XRP up the market cap table, flipping USDT and BNB. Technical analysis suggests that the rally could continue.
XRP currently trades above immediate support at around $2.90, which marks the 2024 high. While prices retraced earlier today, bulls have largely held onto yesterday’s gains.
(XRPUSDT)
If bulls push on, XRP could rally further, even breaching $3.50 and printing new all-time highs in the coming weeks.
Currently, trading volume across various exchanges points to growing interest.
According to Coinglass, derivative trading volume increased by 91% on the last day, while open interest (the number of open contracts) rose by 12% during that period.
(Source)
XLM Price Prediction: Will Stellar (XLM) Ride the XRP Wave?
Given XRP’s strong performance, analysts are closely monitoring XLM, the native crypto of the Stellar network.
Founded by Jed McCaleb, the founder of Ripple Labs, Stellar competes with Ripple. It facilitates low-cost transactions and cross-border transfers, offering its solution to institutions and retailers.
While XRP and XLM are closely correlated, XLM struggles to keep up with the strong wave of Ripple’s higher highs.
XLM
Stellar
3.63%
Stellar
XLM
Price
$0.2163
3.63% /24h
Volume in 24h
$196.82M
Price 7d
is still bullish, adding roughly 8% in the last day. From the daily chart, the coin is breaking above a consolidation that developed in early January.
(XLMUSDT)
If XLM bulls maintain this momentum, the coin could rally toward $0.67 in a welcomed buy trend continuation formation.
Is Solaxy (SOLX) The Most Strategic Alternative Play for January 2025?
While the excitement surrounding XRP and XLM is growing, investors are also noticing Solaxy (SOLX).
Solaxy, a project aiming to build the first Solana layer-2, has been steadily gaining traction from investors looking at the presale performance.
As of January 16, over $10.6 million has been raised to support the project’s development.
Solaxy aims to address congestion issues prevalent on the Solana network by bundling transactions off-chain. This will enable users to benefit from lower fees and guaranteed transaction processing.
It will leverage Solana’s robust network of validators for enhanced security. Additionally, Coinsult has audited and verified that the platform is secure.
Each SOLX is available for just $$0.001602, but prices will rise in the next presale phase. For this reason, this is the best time to buy SOLX.
You can use USDT, ETH, or even BNB. Presale investors can stake SOLX, receiving a 330% APY.
Analysts on YouTube believe if the crypto bull run continues, prices will quickly soar once SOLX hits various exchanges.
So Don’t Miss Out Visit SOLAXY Here
EXPLORE: Dust Settles Over XRP Price Crash: Best Presale to Buy in 2024?
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