🟢 Why is Axelar (AXL) up? @axelar | $0.4234 | +17.7% (24h) TLDR: AXL surged on its key role in the XRP Ledger EVM launch, technical breakout, and renewed altcoin momentum as BTC dominance slipped. Drivers → XRP Ledger’s EVM sidechain launched with $105M TVL and 1,400+ smart contracts. Axelar powers its cross-chain bridging. → Ripple CTO praised Axelar’s role in “extending XRPL capabilities.” → Altcoin flows rising: BTC dominance fell to 60.8% (-0.23% in 24h). Techs → Broke above 30D SMA ($0.35) + 7D EMA ($0.384) → confirms bullish reversal. → RSI(14) at 58.5 = still room before overbought. → Volume +787% (to $219M) signals strong conviction. → Fib 127.2% extension shows $0.465 as the next key resistance. Conclusion: AXL is riding the XRP EVM tailwind, with breakout volume and altseason risk appetite behind it. Sustained upside depends on real traction from XRPL builders and broader L1/L2 bridging demand.
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