XRP's Partial Victory Blows Correlative Altcoin: Price At 15-Month High!

Stellar (XLM), which has risen with XRP, has reached its highest level in the last 15 months, after the latest decisions on the Ripple-SEC case were announced to the public.
Many cryptocurrencies, especially XRP, have seen rises on the announcement of the latest decisions regarding the unregistered securities sale case between Ripple and the US Securities and Exchange Commission (SEC).
While it was noteworthy that XLM was the most rising altcoin after XRP, the eyes were turned to the reason behind it. Although the fact that the co-founder of both projects is Jed McCaleb is thought to be the biggest factor, it is estimated that the positive correlation between XLM and XRP for years has a great effect.
According to the data, with the announcement of the decisions, XLM rose from $ 0.0974 to $ 0.174, gaining 80% in value, reaching the highest level of the last 15 months. After the rise, it retreated to the current price of $0.142. XLM's bullish performance in the last 24 hours was recorded as 46.4%.
In addition, XLM's market capitalization increased by $1.2 billion during this period, rising from $2.6 billion to $3.8 billion.
On the other hand, XLM's global trading volume increased by 3.386 percent in the last 24 hours, reaching $1.3 billion. It was seen that a significant part of the increasing volume in XLM was created by South Korean investors.
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