XLM Price Pumps: Is Stellar Following XRP's Bullish Lead?

Stellar (XLM) shows bullish signs, mirroring XRP's recent surge. A technical breakout suggests a potential 97% increase. Will XLM maintain momentum?

XLM Price Pumps: Is Stellar Following XRP's Bullish Lead?

Stellar (XLM) is making waves, capturing traders' attention for good reason. After a prolonged period of sideways movement, the XLM price has finally broken out, sparking excitement in the crypto community.

XLM Chart Analysis

The daily chart reveals a clean and powerful technical breakout. XLM had been consolidating within a falling wedge – a pattern often preceding upward reversals. Once the upper boundary was breached with strong volume, bullish momentum surged.

According to analyst World of Charts, Stellar is trading at $0.3185 after breaking above long-standing trendline resistance. The analyst noted XLM is already "running in 20%+ profit so far" and shows signs of further continuation. The tweet highlights a projected move of nearly +97% from the breakout point, with a potential target around $0.58 to $0.60. That’s a major jump from current levels.

What makes this rally even more interesting is that XLM appears to be mirroring XRP’s recent price action. XRP surged earlier in the week, fueled by bullish sentiment and growing confidence in Ripple’s regulatory position. Stellar, sharing a similar origin and technical structure, is now playing catch-up.

With today’s price surge, XLM is among the top-performing major cryptocurrencies. Its 24-hour gain of 5%, combined with the bullish breakout and upward continuation, underscores the strong bullish momentum.

What to Watch Next

Traders are closely monitoring whether XLM can sustain levels above the $0.30–$0.32 zone, which previously acted as resistance. Holding this level could establish new support, paving the way for further gains.

If the rally continues, the initial key resistance to watch is near the psychological level of $0.40. Beyond that, the $0.50–$0.60 zone becomes the next significant target, aligning with World of Charts’ projection.

However, if buying pressure diminishes, a pullback to retest the breakout zone around $0.27–$0.29 would be normal. The critical factor is whether bulls can defend that level and sustain the uptrend.

Stellar's Potential in 2025

Looking ahead, Stellar (XLM) remains a strong contender for price gains. Currently trading near $0.25, XLM could rise towards $0.28 between July and August 2025 if it maintains the $0.23 support line. Price targets for 2025 range from $0.30 up to $1.13, supported by institutional links and the rollout of Soroban smart contracts.

With momentum on its side and positive sentiment building in the altcoin space, Stellar might just be gearing up for a much bigger move. As one of our team members said – “XLM is finally waking up.”

So, buckle up, crypto enthusiasts! It looks like XLM is ready to paint the town green… or at least, give our portfolios a little boost. Keep an eye on those charts, and who knows? Maybe we'll all be celebrating Stellar's stellar performance soon!