Analyst Says XLM Is Making a Strong Move Similar to XRP
2025-07-13 16:49:38
Main Idea
Analyst highlights XLM's strong breakout and bullish momentum, drawing comparisons to XRP's price action due to technical similarities and high correlation, with potential future price targets and ecosystem growth supporting the uptrend.
Key Points
1. XLM has broken out of a long-term downtrend with strong volume and a parabolic price rise, surging over 60% in less than a week.
2. Analyst Gordon describes XLM as a 'slept-on GEM' and notes its technical similarities to XRP, including a 90-day correlation coefficient of approximately 0.91.
3. Potential price targets for XLM include $1.05 or $1.29 if the bullish momentum continues, with key resistance levels at $0.49 to $0.50.
4. Fundamental drivers include the Stellar Development Foundation's progress with PayPal's PYUSD stablecoin integration, which could boost Stellar's ecosystem.
5. Failure to hold above $0.45 may trigger a correction toward $0.39, indicating potential volatility despite the bullish setup.
Description
Stellar’s native token, XLM, is rapidly gaining market attention following a powerful breakout, drawing comparisons to XRP’s recent price action. In a recent post on X, well-known analyst Gordon described XLM as “an absolute slept-on GEM” and noted its strong similarities to XRP in terms of movement and structure. His remarks are supported by a compelling technical chart that shows XLM decisively breaking out of a long-term downtrend. Technical Breakout Signals Bullish Momentum The uploaded char...
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