Why did Stellar surge when XRP faltered?

▲ XRP (Ripple) VS Stellar (XLM) ©

While XRP fell below its key support level of $1.30, Stellar surged on the back of positive news regarding its collaboration with DTCC, starkly contrasting the fortunes of the two altcoins.

According to FXStreet, an investment media outlet, on May 28 (local time), XRP (Ripple) continued its bearish trend, falling below the $1.30 support level. In contrast, Stellar (XLM) showed a strong upward trend, continuing its rise after the announcement of a collaboration between the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation.

DTCC and the Stellar Development Foundation announced plans to tokenize DTC-eligible assets based on the Stellar network. DTCC explained, "This collaboration strengthens our multi-chain strategy and expands how traditional assets move in the digital ecosystem." These tokenized assets are expected to be utilized on the Stellar network starting in the first half of 2027. Immediately after the announcement, XLM surged by over 11% in one day and rose by more than 5% further on the same day.

However, the derivatives market sentiment for both sides remains cautious. According to CoinGlass, XRP's Long-to-Short Ratio was recorded at 0.84, and XLM's at 0.98. A ratio below 1 indicates that market participants are leaning more towards the possibility of a decline. The Funding Rate for XRP also nearly turned negative, and XLM's gradually moved into bearish territory, suggesting that investor sentiment has not fully recovered.

XRP's technical trend remains negative. XRP is currently trading below its 50-day Exponential Moving Average (EMA) of $1.39, 100-day EMA of $1.46, and 200-day EMA of $1.66. The Relative Strength Index (RSI) has fallen to around 33, approaching the oversold zone, and the Moving Average Convergence Divergence (MACD) also maintained a bearish signal in negative territory. The media analyzed that failure to recover $1.30 could lead to increased downward pressure.

In contrast, XLM has maintained a relatively favorable trend. Its current price is around $0.172, trading above its 50-day EMA of $0.158 and 100-day EMA of $0.168. The RSI has risen to around 65, and the MACD has also turned positive, strengthening the buying dominance. However, the 200-day EMA at $0.196 remains a strong resistance level, and in the short term, breaking past the $0.181 mark was identified as a key variable.

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