Stellar (XLM) experienced significant growth on the first day of March, with a 10% increase reaching $0.328. This performance positioned Stellar above Ripple (XRP). During the same period, Ripple, the fourth-largest digital currency, only grew by 3.5% to $2.26. Stellar’s growth occurred amidst a severe downward pressure in the digital currency market last week. This recent drop in prices was due to major economic factors that weakened investor sentiment. According to top market analyst Ali Martinez, Stellar is forming a bullish flag pattern that could lead to a significant price surge. Previous similar patterns seen in Ripple’s chart in January 2018 resulted in a 500% growth reaching $3.39. Current analyses suggest that in case of a bullish breakout, Stellar’s price could grow by 330% to $2. However, if selling pressure increases again, this cryptocurrency may find support in the range of $0.23 to $0.20.
