Stellar’s XLM Teases 35% Rally Setup After Mirroring XRP’s Price Boom
The post Stellar’s XLM Teases 35% Rally Setup After Mirroring XRP’s Price Boom appeared on BitcoinEthereumNews.com.
Key takeaways: Stellar (XLM) looks set for a 35% price rally, driven by a bullish continuation pattern and XRP’s (XRP) recent surge. XLM ascending triangle targets $0.63 XLM is consolidating within an ascending triangle, a classic bullish continuation setup characterized by rising lows and horizontal resistance. The resistance level, near $0.52, has been tested multiple times since Tuesday, while the higher lows show increasing buying pressure. XLM/USD four-hour price chart. Source: TradingView A breakout above $0.52 could confirm the pattern and trigger a rally toward $0.63 by August, marking a 35% gain from the current price. The upside target is derived by adding the triangle’s maximum height to the breakout point. Momentum indicators also support the bullish case. The relative strength index (RSI) on the 4-hour chart remains below overbought levels, suggesting room for more upside. XLM continues to hold above its 20-, 50-, and 200-4H exponential moving averages (EMAs), all of which now slope upward. This alignment adds strength to the short- and medium-term bullish outlook. The short-term bullish pattern aligns with a macro accumulation structure highlighted by veteran trader Peter Brandt. XLM/USD monthly price chart. Source: Peter Brandt Brandt says that XLM could be the “most bullish chart” in the crypto market, but only if it decisively closes above the $1 level, a horizontal barrier it has tested but never broken with conviction. XRP correlation acts as a tailwind The bullish outlook for XLM appears after the token’s 90%-plus gains in the past month, mirroring XRP’s 60%-plus rally in the same period. XLM/USD versus XRP/USD 30-day price performance. Source: TradingView On a broader time frame, XLM is still lagging behind XRP’s price gains. The Stellar token is up about 425% since the November low, while XRP has gained by over 590% in the same period. XLM/USD vs. XRP/USD…
Filed under: News - @ July 19, 2025 2:26 am