XLM crypto drops 10% in 24 hours: Is Stellar following XRP’s steps?

Two tokens have of late surprised investors with almost triple-digit growth, namely XRP and Stellar [XLM].

While XRP sat comfortably in the top 10 list at press time, XLM’s latest price increase sparked hope for its reentry in the top 20 list of cryptos by market capitalization.XLM and XRP both registered massive growth of nearly 100% over the past few days. Thanks to that, Stellar’s market cap increased substantially, earning it the 21st spot on the list of cryptos by market cap.

However, on-chain data suggested a different outcome. For instance, XLM’s trading volume started to decline. Its Weighted Sentiment also dropped — a sign of rising bearish sentiment.At press time, it was trading at $0.2255 with a market cap of $6.75 billion. A possible reason could be high selling pressure.

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