XLM Price Up By 7%: Will Stellar Follow XRP’s Path?

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By January 15, 2025, Stellar (XLM) has experienced a 7% increase over the past 24 hours and is now being traded at $0.4705. This growth sparks speculation about whether XLM could follow in the footsteps of XRP, potentially achieving comparable and notable gains.

XLM Price Analysis: What’s Next for Stellar After Breakout?

As a researcher, I’ve noticed an extraordinary surge of approximately 600% in Stellar’s price back in November 2024. Since then, it has been moving within the boundaries of a Symmetric Triangle pattern, which it has now broken to the upside, starting November 2024. This breakout, accompanied by high trading volumes, indicates that Stellar could be gearing up for a bullish trend.

Based on the chart’s information, we see a potential breakout around the $0.4500 mark. By measuring the pattern and estimating an approximate increase of 132%, this adds up to approximately $1.0566 as the projected price. If the bullish momentum persists, it seems the Stellar price may reach its target rather quickly.

The strong upward trend of XLM is underscored when it surpasses its 20-day, 50-day, 100-day, and 200-day Moving Averages, indicating a robust performance.

Furthermore, the Moving Average Convergence Divergence (MACD) suggests a surge in bullish strength, as its histograms are on an upward trend. This aligns with the Relative Strength Index (RSI), which signals an increase in purchasing power as well.

In summary, it appears that Stellar’s price may reach approximately $1.0566 based on predictions. Many experts share this view and anticipate that the value of XLM could potentially rise even further.

Expert Forecasts Bullish Future for Stellar (XLM)

In his recent tweet, crypto analyst Javon Marks expressed optimism about Stellar Lumens (XLM). Given its strong bullish trend so far, it seems there might be further price increases in store for this digital currency.

As the demand for purchasing increases and favorable market circumstances prevail, it appears that XLM could experience significant expansion once it overcomes these crucial resistance points.

Based on technical indications suggesting another potential 54% rise to approximately $0.681 and experts predicting a similar trend, XLM appears poised for a significant surge. If it surpasses $0.681, this could trigger a short-term rally aimed at reaching around $1.29.

Market Sentiment Shift

Based on information from Coinglass, the overall liquidation over the past day amounted to approximately $2.34 million. This figure includes $542,880 from long positions and $1,800,000 from short positions. This suggests a significant change in the crypto market dynamics.

Rising Open Interest and Trading Volume

The Open Interest for XLM surged by a substantial 38.33%, reaching an impressive $321.07 million, while the trading volume experienced a significant boost of 36.66% to hit a massive $1.07 billion. This steep climb in both Open Interest and Trading Volume suggests that investors are actively betting on Stellar’s XLM token, demonstrating a high level of interest and speculation.

What Next For XLM?

Right now, the price of XLM is encountering a significant barrier around $0.4900. If it surpasses this point, it might initiate a surge towards $0.5600 and potentially even $0.6400, indicating substantial growth. But if it fails to exceed $0.4900 to $0.5000, there could be a dip in the price, with potential support found at $0.4500 and $0.3900.

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2025-01-15 15:17