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A few days ago, U.Today wrote about the possibility of Stellar Token XLM overtaking its main competitor in the sector, XRP. The gist of the prediction was that XLM would see its price overcome the 200-day moving average for XRP at 0.2 XRP for 1 XLM.
However, this possibility was not ultimately realized. After being unable to sustain the crucial price curve above, XLM has seen its price decline against XRP, with the token losing more than 10% in the past few days, and is now worth 0.17 XRP.
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Stellar (XLM) and XRP have a lot in common, with Jed McCaleb co-founding Stellar after being a key figure in the creation of Bitcoin. ripplewhich uses XRP widely. The two have been competing for some time, with both trying to excel in blockchain payments.
While XRP is designed to serve banks and large corporations, Stellar is more focused on providing simple financial solutions to individuals.
XRP vs XLM
As it stands, XLM is weaker than XRP in this area. However, these two assets have massive performances against each other, with amazing pumps that spin with no less exciting pranks. This is certainly not the end of speculation that the Stellar token could show strength against its main competitor.
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If we try to look at the performance of XLM vs.
Knowing that the cup is half full XLM Enthusiasts, the token could start rising against XRP from there. Hence, while the current situation seems more in favor of XRP, XLM should certainly not be written off the books.
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