XRP Price Surge Good News for Stellar XLM Investors?-3.24

Stellar Lumens (XLM), XRP–The recent price surge for XRP, the third largest cryptocurrency by market capitalization, could be a positive signal for Stellar enthusiasts and investors. While the two cryptocurrencies have long been pitted at odds, with a similar technology basis, overlapping leadership and development teams, and target customer base, the coins have also managed to benefit from positive traction generated by the one another.

Following the boom in Bitcoin Cash pricing which took off over the weekend, XRP became the recipient of a massive price run which saw the currency jump over 10 percent on Nov 6. While BCH pricing was undoubtedly tied to the upcoming hard fork of the currency on Nov. 15, it also helped that popular U.S. based exchange Coinbase announced its support for the fork and newly produced coin, throwing its weight behind other major exchange players such as Binance and Bitmex.

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