Ripple Trival Stellar Lumen (XLM) is preparing for the huge upscale momentum because it formed an ascending pattern for prices on the daily time frame and is now with great attention from merchants and investors. On March 19, 2025, as feelings through the transformations of an encryption scene, XLM violated the SIA moving average resistance (EMA) on the daily time frame.
Why does the xlm price rise?
The outbreak of resistance and the shift in feelings began after the US Securities and Stock Exchange Committee (SEC) fell a lawsuit against Ripple Labs.
XLM is currently trading near $ 0.29 and has risen over 11 % over the past 24 hours. This price leap indicates that it reflects the momentum of the upper competitor. Meanwhile, trading volume increased by 135 % during the same period, indicating an increase in the participation of traders and investors after the end of the legal battle.
XLM price analysis and upcoming levels
Since November 2024, XLM has been on a declining path, which constitutes a wedge pattern for a decrease in the daily time frame. However, with the last price jump, the original approaches the penetration area.
Based on the recent price movement and historical patterns, if XLM closes a daily candle than $ 0.29, there is a strong possibility at the beginning by 30 % to reach $ 0.37 in the coming days. Moreover, if XLM maintains this gathering and closes a daily candle exceeding $ 0.35, it may witness another 40 % increase, up to $ 0.488.
Excessive xlm levels in the predecessor
With this positive development and ups in the upscale prices, merchants began to bet on the long side, as stated by the Analysis Company on the series Coinglass.
The data reveals that traders are currently being overlooked at $ 0.2725 on the underside, as the bulls built long jobs worth $ 5 million, while $ 0.3025 is another level of sulfa as the bears occupy $ 2.20 million from short centers.
When combining this scale on the series and technical analysis, it seems that the bulls have returned and will support the original in restoring its highest level in the coming days.
