Peter Smith
Stellar (XLM) just pulled off its best July ever with a massive 75.7% rally and is crushing Q3 with 74.8% gains, though the crypto has taken a beating lately with a 13.46% drop this past week.
XLM Just Had Its Best July Ever - And It's Not Even Close
Stellar (XLM) is absolutely killing it right now, and the numbers don't lie. We're looking at what's shaping up to be the most insane third quarter this crypto has ever seen. According to fresh data from Cryptorank, XLM has been on an absolute tear, keeping its six-year winning streak alive for July closings. But here's the kicker - this isn't just another green month.
We're talking about a mind-blowing 75.7% surge that's literally rewriting the history books for Stellar. To put this in perspective, the previous July champion was way back in 2020 when XLM managed a respectable 44.6% pump. That was impressive then, but this year's performance just obliterated that record by over 30 percentage points. It's like watching someone break a marathon record by half an hour.
What really drives home how crazy this performance is? Stellar typically pulls about 11% during July on average. That means this year's run is more than six times what you'd normally expect. When a crypto goes that far above its usual performance, you know something special is happening in the markets.
XLM Leaves XRP in the Dust This Quarter
The third quarter story gets even wilder. Stellar's 74.8% Q3 performance isn't just good - it's historically epic. The previous quarterly records hit 34.5% back in 2016 and 2018, which seemed pretty solid at the time. But now XLM has nearly doubled those numbers, showing just how much this crypto has evolved and how much investor appetite has grown.
Here's where it gets really interesting though. Stellar didn't just ride the general crypto wave - it completely broke away from its biggest rival, XRP. We're talking about a 50% weekly breakout against XRP that had traders doing double-takes. When you see that kind of divergence between two similar projects, it usually means the market is picking favorites, and right now, XLM is clearly the crowd favorite.
The price action tells the story too. XLM is currently sitting at $0.4154, down about 1.73% from yesterday. The coin peaked at $0.4469 before hitting some serious resistance at the $0.52 level and getting knocked back down. That technical rejection has been part of the reason we've seen that 13.46% pullback over the past week.
What's Next for XLM? The Good, The Bad, and The Bullish
Now, let's be real about what's happening under the hood. XLM has run into what traders call a "death cross" - basically a bearish technical signal that's got some investors backing away. You can see this in the trading volume, which has dropped off a cliff by 44.16% to around $609.15 million. When volume dries up like that, it usually means people are sitting on the sidelines waiting to see what happens next.
But here's the thing that's got a lot of crypto watchers excited - Bitcoin is stuck in some pretty bearish consolidation right now, and when the king of crypto is struggling, that's often when the alternatives get their moment to shine. XLM's recent outperformance against XRP and its record-breaking numbers suggest it might be ready to lead the charge if the market decides to move higher.
Looking at the bigger picture, you've got a crypto that just delivered its best July and Q3 performance ever, managed to distance itself from its main competitor, and is sitting pretty with solid fundamentals. Sure, the short-term technicals look a bit rough, and the volume situation isn't ideal, but when you step back and look at what Stellar accomplished over the past few months, it's pretty clear this isn't just some random pump. The foundation is there for more upside, especially if the broader crypto market can get its act together and start moving in the right direction again.
Peter Smith
