Stellar’s XLM has 'most bullish chart' in crypto, mirroring XRP price

Key Points

1. XLM is consolidating within an ascending triangle pattern, with a breakout above $0.52 potentially leading to a 35% rally toward $0.63 by August.

2. The Relative Strength Index (RSI) on the 4-hour chart remains below overbought levels, indicating room for further price growth.

3. Veteran trader Peter Brandt describes XLM as having the 'most bullish chart' in the crypto market, with strong support from key moving averages.

4. XLM's recent 90%+ gains mirror XRP's 60%+ rally, with a high correlation coefficient (often exceeding 0.70) during bull phases.

5. A favorable court ruling for Ripple in July 2023 led to synchronized surges in XRP and XLM, with the correlation coefficient reaching 0.95, suggesting a continued rally for XLM if XRP remains strong.