Stellar (XLM) Could See 35% Rally Amid Strong Correlation With XRP and Ascending Triangle Pattern
2025-07-18 13:41:26
Main Idea
Stellar (XLM) could see a 35% rally to $0.63, driven by an ascending triangle formation and strong correlation with XRP, supported by technical indicators and market dynamics.
Key Points
1. XLM is trading within an ascending triangle formation, with resistance near $0.52, indicating potential for a 35% breakout to $0.63.
2. Technical indicators like the 4-hour RSI and upward-trending EMAs support the bullish outlook for XLM.
3. XLM's price action closely mirrors XRP, with a strong historical correlation, suggesting XLM could benefit from XRP's momentum.
4. A favorable court ruling for Ripple in July 2023 triggered a 60% surge in XRP, followed by a similar rally in XLM, highlighting their interconnected price movements.
5. Investor sentiment and market dynamics, including shared investor profiles and regulatory developments, reinforce the correlation between XLM and XRP.
Description
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