Stellar Lumens (XLM) Price Prediction: XLM Staged a Strong Breakout, Crossing a Key Resistance Level

Stellar Lumens price staged a strong breakout, crossing a key resistance level as positive sentiment continued to build in the crypto industry.

Stellar Lumens (XLM) price surged on Monday, continuing the rally in the crypto industry. The token followed Ripple XRP in crossing a crucial resistance level, rising to its highest level since December 9. Stellar Lumens also benefited from the broader market optimism and potential regulatory changes in the crypto industry.

Stellar (XLM) price surged on Monday, continuing the rally in the crypto industry. The token followed Ripple XRP in crossing a crucial resistance level, rising to its highest level since December 9. Stellar Lumens also benefited from the broader market optimism and potential regulatory changes in the crypto industry.

XLM price followed Ripple XRP in crossing a key resistance level as both tokens experienced a surge in Monday morning. Stellar Lumens rose to an intraday high of $0.4850, its highest level since December 9.

The surge followed a wave of optimism in the crypto industry. Stellar Lumens, Ripple, and other major cryptocurrencies soared as Monday morning saw gains across the board. Ripple crossed the significant $3 resistance level, pushing its market capitalization to $163 billion and surpassing BlackRock, the world’s largest asset manager.

Other cryptocurrencies also saw gains. Bitcoin (BTC) rose 0.7% to trade at $48,430, while Ethereum (ETH) climbed 1.2% to reach $3,803. Solana (SOL) also surged, adding 4.3% to reach $28.08.

The combined market cap of all crypto assets pushed up to $3.6 trillion, with Stellar Lumens contributing to the surge.

Stellar Lumens price was boosted by the release of encouraging consumer inflation data. Core Consumer Price Index figures dropped to 3.2% in December from 3.3% in November, causing a significant decline in U.S. bond yields.

If inflation continues to fall, the Federal Reserve may shift toward a more dovish monetary policy. This would be positive for risky assets like cryptocurrencies.

Stellar Lumens also benefited from growing optimism around Donald Trump’s upcoming inauguration and potential regulatory changes in the crypto industry. According to Reuters, the incoming SEC leadership, including Paul Atkins and other Republican commissioners, is considering freezing some enforcement actions and seeking public input on crypto regulations.

These policy changes could provide a significant boost to the crypto market. The news is particularly positive for Ripple, which has been locked in a legal battle with the SEC for the past four years. Stellar and Ripple are closely related as both focus on cross-border payments. Additionally, Stellar’s founder, Jed McCaleb, was part of Ripple’s founding team.