Peter Brandt Sees Possible Bullish Momentum for Stellar (XLM) If Key $1 Resistance Is Surpassed

Key Points

1. Peter Brandt emphasizes the importance of XLM maintaining support above $0.20 and closing a monthly candle above $1 to escape a long-term pattern, potentially reaching $7.20.

2. XLM shows notable correlation with XRP, which recently hit an all-time high of $3.65, but high Open Interest of nearly $600 million introduces short-term risks.

3. The upcoming Protocol 23 upgrade, set for a Mainnet vote on August 14, 2025, promises faster and more cost-effective transactions, bolstering XLM's growth prospects.

4. Integration with PayPal’s PYUSD stablecoin and THORWallet’s support for XLM enhances Stellar's utility in global payments and DeFi interactions.

5. Stellar’s real-world asset (RWA) tokenization, managing over $445 million, adds credibility and long-term value to the XLM ecosystem, contributing to its recent 120% price surge.