Time To Buy Stellar Following XRP News? XLM Price Prediction

Stellar (XLM) experienced a 6% price increase yesterday, bringing it to $0.28 at the time of writing.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, bringing it to $0.28 at the time of writing. The cryptocurrency has made a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Stellar (XLM) experienced a 6% price increase yesterday, reaching $0.28 at the

time of writing. The cryptocurrency has seen a 17% move over the past 9 days as it recovered from the $0.23 support level.

Currently showing a bullish retracement, a broader examination of the price action helps define both the trading pattern and potential targets.

Since November, XLM has been trading within a clearly defined range, with the channel’s top serving as resistance and its base as support. The price touched the base approximately two weeks ago and has been rising steadily since. For many traders, the automatic target based on this pattern would be the top of the 4-month trading range.

The Correlation Between Ripple (XRP) and Stellar (XLM)

Ripple (XRP) and XLM share some similarities. Both cryptocurrencies share origins through co-founder Jed McCaleb, who left Ripple to create Stellar. This shared history contributes significantly to their correlated price movements.

While serving similar purposes in facilitating cross-border payments, they target different markets—XRP focuses on financial institutions, while XLM serves individuals and smaller businesses.

The price correlation between these cryptocurrencies is strong, with Macroaxis reporting a strong correlation coefficient between the cryptos. This high correlation means when XRP price moves, XLM typically follows. Market sentiment further strengthens this relationship, as investors often consider them together due to their shared history and goals in the cross-border payment space.

With these factors in place, yesterday’s Ripple legal victory is expected to bring increased attention to XLM price as well. Many traders are looking for opportunities around this asset to join a potentially significant price movement.

In fact, the Stellar token might be a top option considering its market capitalization of just over $8 billion compared to Ripple market cap exceeding $140 billion. XLM smaller market share suggests it could experience quicker spikes than the relatively more mature XRP.

Read Also: This Trader Updates His XRP Price Prediction Following SEC vs Ripple News

Is This Time to Buy XLM? Stellar Price Prediction

Our initial analysis suggests that XLM still has room to climb toward the target at the top of the channel if the pattern continues. Several analysts also anticipate Stellar price spiking in the coming days.

CW believes an XLM rally is imminent, noting a buy wall around $0.25 providing support. He suggests that if the sell wall at $0.35 breaks, the upper line of convergence will likely break quickly. The main sell wall sits between $0.46-$0.66, and breaking through this range would signal the beginning of a real bull market.

Rose Premium Signals observes that Stellar is forming a rounding bottom pattern, signaling a potential trend reversal and an incoming