Stellar price (XLM/USD) looks stable above $0.12 on Monday

The Stellar Lumens price (XRP/USD) has so far managed to defend the $0.12 level after breaking through that barrier in yesterday’s afternoon trading.

Like many of its major rivals, Stellar experienced a sharp uptick during yesterday’s afternoon trading and this allowed its price to break above the $0.12 mark for the first time in eight days. The digital coin rose to as high as $0.121, before closing the Sunday session at $0.120.

Stellar has been able to defend its Sunday gains, although it did saw a correction in today’s morning session that erased some of its Monday progress. Prior to that the coin had risen to $0.123, which was its highest price level since December 26. At the time of writing, the Stellar price was still hovering above the $.12 mark, according to data from digital currency tracker Coinmarketcap.

Stellar’s strong performance, especially on Monday, has allowed the coin to stay, if only barely, ahead of crypto rival Litecoin (LTC) in the top 10 largest coins on the market. With a total market capitalisation of just over $2.35 billion, Stellar currently occupies the sixth place, whereas LTC, valued at $2.27 billion, ranks seventh.

In terms of trading volume, Stellar is having a solid session, given that its 24-hour volume currently stands at almost $98 million. The coin posted total daily volume of just over $93 million on Sunday.

The world’s largest crypto exchange, Binance, has been the most popular destination for XLM trading in the past 24 hours, having captured 16% of all trades over that period. ZB.com has been a close second with its 15.7% share.

In today’s trading, Stellar price stood at $0.122, as of 16:13 GMT. The digital coin has gained 6.3% in the past 24 hours, Coinmarketcap data shows.