Ripple RIVAL STELLAR LUMEN (XLM) has formed a strong price behavior pattern for a day, and is now preparing for a large amount of upward exercise because it attracts much attention from merchants and investors. On March 19, 2025, with the feelings of cryptographic landscape changes, XLM violated the resistance of 200 index movement average (EMA) over the day.
Why is the XLM price increase?
This change of resistance and emotions began after the US Securities and Exchange Commission (SEC) withdrew its lawsuit against Ripple Labs.
XLM is currently dealing with nearly $ 0.29 and has surged more than 11% over the last 24 hours. This price jump suggests that it reflects the rival’s rising exercise. Meanwhile, during the same period, the volume of trading increased 135%, indicating that the participation of traders and investors increased after the legal battle was over.
XLM price analysis and upcoming level
Since November 2024, XLM has been downward and has formed a net price behavior pattern that falls for a day. However, due to the recent price jump, assets are approaching the brake out area.
Based on the recent price behavior and historical patterns, if the XLM closes the candle of more than $ 0.29, it can increase 30% for the next few days to reach $ 0.37. In addition, if the XLM keeps this rally and closes the candle of more than $ 0.35 daily, the surge of 40%can reach $ 0.488.
XLM’s excessive level
With this positive development and optimistic price behavior, traders have started betting on a long side, as reported by the whole chain analysis company COINGLASS.
According to the data, the trader is now over $ 0.2725 at the bottom, and Bulls has built a long position worth $ 5 million, while $ 0.3025 is another level with a short position worth $ 22 million.
When combining this whole chain metrics with technical analysis, the bulls will return and will support assets that will recover the best ever.