Stellar Price Soars as XRP-SEC Case Finally Concludes: Will XLM Hit $1?

Yesterday, the court case between XRP and the SEC ended with both parties dropping their remaining appeals. The crypto market rallied as a result, with both XRP and Ethereum soaring. The news has also led to a surge in interest across payment-centered blockchains.

Stellar (XLM), a blockchain network designed to facilitate cross-border payments, is seeing renewed interest, growing almost 20% since this time last week and 56% on the monthly charts. This makes XLM the top gainer over the past month, and it now appears set to keep rising and potentially reach a new all-time high of $1.

Several key developments are influencing XLM’s surge, so let’s dive into the details to see how high it can go.

Interest in Stellar Surges in Light of the Upcoming Protocol 23 Upgrade and Easier Regulatory Climate

Stellar’s public, decentralized blockchain network exists to enhance the global financial system. To achieve that, it connects banks, payment systems, and people by making asset transfers cost-effective and fast.

Its native token, XLM, is primarily used for transaction costs, making it a crucial part of the network. Plus, it allows users to trade and send different types of assets across borders, as it is a bridge currency.

With the conclusion of the XRP vs SEC case, which lasted for five years, the crypto market has seen a positive signal toward greater regulatory clarity. Because of that, projects like Stellar appear ready to thrive this year.

XLM has already positively reacted to the news, jumping by 10% in the past 24 hours and reaching $0.4672. This places it just below the $0.51 resistance it failed to hold above during its July rally.

However, this month, XLM appears ready to burst past that level and surge toward $1. Crypto expert Steph highlights the token’s positive technical indicators, including an anticipated MACD bullish cross and a breakout from consolidation.

$XLM BULLISH MACD CROSS IMMINENT! 👇 pic.twitter.com/L3pTHi1ECr

— STEPH IS CRYPTO (@Steph_iscrypto) August 8, 2025

Traders seem to agree with the positive outlook, as XLM enjoys a 3.42 long/short ratio. That means only 22.6% of traders are shorting the token, while the rest expect it to keep surging.

XLM’s potential to keep growing in the short term is reinforced by its Simple Moving Averages (SMAs). Its current price of $0.4618 is well above its 50-day SMA of $0.3516, which fuels the bullish sentiment. Additionally, XLM’s Relative Strength Index (RSI) of 59.05 places the token in neutral-to-bullish territory.

With the Protocol 23 upgrade that Stellar intends to roll out later this year, demand for XLM could skyrocket soon. That’s because the upgrade aims to enhance the network’s smart contract capabilities, encouraging more developer activity and boosting adoption.

That could help XLM gain the traction it needs to achieve a 116% push to a new ATH around the $1 mark. However, investors looking for potentially greater gains are shifting their focus to an emerging token still early in its growth cycle and yet to hit the mainstream spotlight.

Snorter Seeks to Help Meme Coin Investors Capitalize on the Altcoin Boom

As large altcoins like XLM grow, capital is expected to trickle into smaller altcoins, especially meme coins. Snorter (SNORT), a meme coin trading bot that’s currently in presale, aims to help its backers capture the most explosive opportunities that may arise as a result.

To do that, its developers are preparing to release Snorter Bot, a Telegram trading bot for Solana. Tailored to help its users capitalize on fast-moving assets in the Solana meme coin market, Snorter Bot offers numerous automation tools.

These tools include risk management solutions like stop-loss and limit orders, as well as automated token sniping. With token sniping, Snorter Bot’s users can be among the first to purchase a newly released meme coin, which could result in massive gains this cycle.

However, only those holding SNORT will have access to unlimited token sniping with Snorter Bot. Currently, investors can secure this advantage at a discount, as SNORT’s current per-token price of $0.1007 will only increase.

Meme coin expert Borch Crypto points out that those holding SNORT will also pay only 0.85% in fees while using the bot. The analyst even went so far as to predict 100x gains post-launch for Snorter.

With $2.8 million already raised while XLM fuels broader altcoin excitement, Snorter is rapidly gaining momentum. Investors don’t have long to secure SNORT at a low entry point, as the price increases throughout each stage of the presale.