Ripple Labs and the regulator jointly withdrew their respective appeals.
The resolution has bolstered sentiments across the industry.
XLM has breached a crucial resistance, hinting at continued rallies.
Digital tokens recorded significant rallies in the past day as the global crypto market cap increased by over 3.50% to $3.87 trillion.
Meanwhile, XRP and XLM are stealing the show technically and fundamentally, boosted by the latest regulatory developments.
On August 7, the United States Securities & Exchange Commission filed a joint dismissal of its prolonged case.
Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
The end…and now back to business. https://t.co/nVqthNcFOt
— Stuart Alderoty (@s_alderoty) August 7, 2025
The move has closed a lawsuit that has persisted for almost half a decade, and one that has been a proxy for digital asset regulations in the US.
The news renewed interest in remittance tokens XRP and XLM.
Ripple’s native token jumped from yesterday’s $2.97 to $3.36 at press time.
Meanwhile, this article checks how the Ripple vs SEC conclusion could impact Stellar price movements in the near term.
Why Ripple-SEC dismissal matters for XLM
First and foremost, Jed McCaleb founded Stellar and co-founded Ripple.
XLM and XRP have a common goal of revolutionizing international payments.
They aim to offer cheaper and quicker alternatives for sending money globally.
The duo focuses on financial-level offerings, helping banks complete cross-border transactions.
Meanwhile, XRP and XLM often display a strong correlation in price actions, especially after news or developments linked to the blockchain company Ripple.
Ripple will likely shift focus to building its global payment infrastructure as courtroom battles end.
That could see the remittance sector flourishing with reinvigorated interest in the coming sessions.
That will possibly translate to impressive price actions.
XLM hovers at a critical region, positioning it for remarkable uptrends.
XLM price outlook
Stellar is among the top-performing digital assets today.
It has gained over 16% in the past 24 hours to $0.4626.
XLM’s 24-hour trading volume has surged more than 200% in the previous day, signaling robust interest in the token.
The current market price places Stellar above the significant resistance region at $0.40 – $0.45.
A decisive candlestick close beyond this area could spark upside continuation.
The price chart supports XLM’s bullish narrative.
The latest rally has propelled it out of a prolonged downtrend.
For the context, Stellar recorded sluggish performance between 2024 and mid-2025.
Meanwhile, the price breached the resistance trendline in late last month, with substantial volumes indicating a buyers’ comeback.
XLM has climbed from $0.36 on August 2 to today’s intraday highs above $0.46.
The current outlook suggests further gains for the altcoin.
The cryptocurrency space thrives on trust and confidence, which Stellar has gained following the latest Ripple-SEC decision.
Bulls will target the obstacle above $0.51.
Increased buyer action here can fuel uptrends to the November 2024 high of $0.6360.
That would mean an over 35% upsurge from XLM’s market price.
However, the $0.40 – $0.45 zone remains vital in shaping Stellar’s short-term outlook.
Failure to close above this mark would delay the projected rally and catalyze notable declines or consolidations.
![[LIVE] Latest Crypto News, August 8 – Rally as Trump Approves 401(k) Crypto Investments, ETH Breaks $3,900: Next Crypto To Explode?](https://99bitcoins.com/wp-content/uploads/2025/08/IMG_0834-scaled.png "[LIVE] Latest Crypto News, August 8 – Rally as Trump Approves 401(k) Crypto Investments, ETH Breaks $3,900: Next Crypto To Explode?")
