Bitcoin (BTC) and Ethereum (ETH) are currently trading in the red, but Ripple (XRP) is outperforming the broader cryptocurrency market. Stellar (XLM) moves similarly to XRP as they are both cross-border tokens. However, XLM is currently outperforming XRP as it is up 3.5% in the last 24 hours. XLM briefly hit the $0.169 level on Friday, after breaking above the descending trendline and rallying over 10% so far this week. The bullish sentiment continues to increase as XLM’s network transactions reach a quarterly high, alongside positive funding rates and bullish momentum indicators. XLM rally as network activity reaches a quarterly high XLM is one of the best performers among the top 20 cryptocurrencies by market cap.
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