Bullish Stellar Price Prediction: Analyst Expects XLM to Surge 30% in the Near Term
By Crispus | 10 minutes ago
Key Highlights:
- Stellar’s price has reached its highest levels since 2022 amid a broader crypto rally.
- The recovery aligns with Ripple’s (XRP) recent performance, as it retests the $1 mark.
- Analysts forecast a potential 30% surge for XLM in the short term.
Stellar (XLM) has made a strong comeback after months of consolidation, mirroring Ripple’s (XRP) price movement. XLM recently climbed to $0.2555, marking its highest point since January 2022 and a 220% recovery from its lowest level this year. Analysts remain optimistic about its continued upward trajectory.
Stellar Price Analysis: Momentum Builds for Further Gains
Crypto analysts suggest Stellar has significant room for growth as the broader market rally continues. On social media, CW projected XLM’s price could climb to $0.31 after breaking out of a symmetrical triangle on the hourly chart. Similarly, analyst Harmonic Trader, with over 22,000 followers, predicted an even higher target of $0.34.
Other experts, such as DogeLumens, have identified key drivers behind Stellar’s resurgence. These include:
- Partnerships with major firms like MoneyGram, Mastercard, and Stripe: MoneyGram enables USDC withdrawals at thousands of locations, while partnerships with Mastercard and Stripe highlight Stellar’s expanding role in the fintech ecosystem.
- Real-World Asset Tokenization: Stellar has been instrumental in projects like the Franklin OnChain US Government Money Fund, which manages $429 million in assets and offers a 4.5% effective yield.
Additionally, analysts point to similarities between Stellar and Ripple, given their shared focus on the remittances industry and their founders’ historical ties. As XRP has hit $1, many believe XLM could follow a similar trajectory.
Technical Analysis: XLM Poised for Breakout
Stellar’s weekly chart indicates a potential breakout in the coming months. The coin has successfully flipped a critical resistance level at $0.1955, which previously acted as the neckline of a double-bottom pattern. XLM has also risen above the 23.6% Fibonacci Retracement level and its 50-week moving average.
The next significant resistance lies at $0.3243, the 38.2% Fibonacci Retracement level—approximately 40% above the current price. A breakthrough at this level could push XLM toward the 50% retracement level at $0.4150. Conversely, a drop below the $0.1955 support level could negate the bullish outlook and send the price toward $0.15
With strong fundamentals, strategic partnerships, and technical indicators aligning, Stellar’s price remains one to watch as it eyes further gains in the ongoing crypto rally.
