The crypto empire recently witnessed a major shift when the court presiding over the lawsuit between the SEC and Ripple handed down a summary judgment in favor of the crypto outfit, this was considered to be a critical win not only US Security and Exchange Commission (SEC), but would also have implications for Stellar Lumens blockchain and its native token, XLM. XLM saw a 4-month high in April 2022, and now follow a huge rally after the conclusion of the SEC vs Ripple legal dispute. XLM reportedly cleared the resistance point at $0.115, and continued the bullish trend topping at $0.20. Now XLM is showing a bullish flag pattern and on course to test the week’s high of and 27% above the present level; if it reaches this mark. On a different note, financial giants such as MoneyGram, Anchorage, Binance, Circle, and Coinme have adopted XLM within their platform, opening the possibilities for many. It’s noteworthy thatSEC’s loss in the law court has enabled Stellar to push for an entirely decentralized digital environment with their Soroban project. Although XLM continues to show decent potential for growth, skepticisms remain on the horizon for the cryptocurrency.
