XRP Price and XLM Eyeing Gains: What's Next?

XRP price consolidates while XLM shows bullish signals after a protocol upgrade. Is now the time to invest? Let's dive into the latest crypto trends.

XRP Price and XLM Eyeing Gains: What's Next?

XRP's price is stuck in a tight range, but XLM is showing renewed strength. The crypto market is buzzing. Let's break down what's happening with XRP, XLM, and where smart money is flowing.

XRP Price Forecast: Breakout Imminent?

Recent analyses suggest the market anticipates a potential XRP breakout. Currently, XRP price remains above the $2.9 support zone, signaling consolidation and a possible move higher. However, analysts are skeptical about XRP's ability to overcome the $3.4 and $3.6 resistance levels. For now, XRP price continues to range slightly. It's like waiting for a delayed train – you know it's coming, but when?

XLM: Stellar Performance Ahead?

Stellar (XLM) is showing remarkable strength, mirroring renewed interest in the crypto sector. After completing a protocol upgrade, public sentiment around XLM has significantly increased. XLM is trading around $0.3926 and analysts point to a bullish inverse head-and-shoulders pattern. If XLM breaks above $0.50, a target of $1 is in sight. CryptoPulse notes XLM has broken above a descending triangle pattern, a technical formation that tends to precede a fresh uptrend. The most crucial region to watch is the $0.37–$0.38 breakout region that now becomes the ideal entry and support point.

Stellar (XLM) Derivatives Point to a Bullish Sentiment

Open interest and trading activity both strengthened notably. The open interest increased by 3.68% to $360.01 million, reflecting a steady rise in market participation. Meanwhile, trading volume increased by 37.24%, propelling the total to $438.69 million and reflecting a surge in activity across the board. Meanwhile, the OI-weighted funding rate was almost unchanged at 0.0082%. The flatness is a suggestion that while both open interest and trading volume rose greatly, positioning was balanced and tilted neither towards short nor long positions.

The Smart Money Alternative: Remittix

While XRP struggles and XLM gathers momentum, Remittix, an Ethereum-based PayFi protocol, is drawing attention. With a beta wallet release on September 15 and listings on BitMart and LBANK, Remittix is generating buzz. Its referral program, rewarding users with 15% of each referral purchase in USDT, adds to its appeal.

Final Thoughts: To the Moon?

XRP's price may be stuck in neutral, but XLM is hinting at a potential breakout. Remittix offers an interesting alternative. As always, do your own research, and remember, even in crypto, patience is a virtue. Who knows, maybe we'll all be sipping margaritas on the moon someday!