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Stellar Lumens (XLM) Surges 46.3% Following Ripple's Favorable Ruling Against SEC

The author's viewpoint is shared, which does not constitute financial, investment, trading, or any other form of advice. XLM saw a significant surge of 46.3%, benefiting from the favorable verdict in Ripple's [XRP] case against the US Securities Exchange Commission (SEC). Short positions in the futures market suffered losses worth $6.56 million. XLM has climbed to the fourth spot on Coinmarketcap's list of top trending cryptocurrencies. While the bullish momentum may persist, buyers should be cautious of profit-taking activities that could provide opportunities for sellers in the medium to long term.

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