Analyst Says XLM Is Making a Strong Move Similar to XRP

Stellar’s native token, XLM, is rapidly gaining market attention following a powerful breakout, drawing comparisons to XRP’s recent price action. In a recent post on X, well-known analyst Gordon described XLM as “an absolute slept-on GEM” and noted its strong similarities to XRP in terms of movement and structure. His remarks are supported by a compelling technical chart that shows XLM decisively breaking out of a long-term downtrend. Technical Breakout Signals Bullish Momentum The uploaded chart depicts a clean, confirmed breakout from a multi-year descending trendline. This breakout is not just cosmetic; it has been accompanied by strong volume and a parabolic price rise. XLM recently surged over 60% in less than a week, signaling a major shift in market sentiment. As of the latest data, XLM is trading at $0.4655, after reaching an intraday high of $0.4769. These levels mark the highest price Stellar has seen in months and place it in a powerful technical position. Analysts have pointed out that XLM’s current setup closely mirrors XRP’s price trajectory before its own breakout. Both assets are known for their correlation due to their shared origin—Stellar was founded by Ripple co-founder Jed McCaleb. Their use cases also align in the realm of cross-border payments, further reinforcing their price movements’ synchronicity. An absolute slept on GEM is $XLM . Moves very similarly to $XRP . Strong play IMO. pic.twitter.com/OAiLeg6Xjl — Gordon (@AltcoinGordon) July 13, 2025 Correlation With XRP and Future Targets According to recent analysis by Macroaxis, XLM and XRP share a 90-day correlation coefficient of approximately 0.91, indicating they move in near unison. This correlation has fueled bullish projections for XLM, with some analysts predicting a move toward $1.05 or even $1.29 in the near term if current momentum holds. Several traders have likened XLM’s chart to a symmetrical triangle breakout, just like the one XRP formed before its last explosive rally. If XLM continues to follow XRP’s path, the next major resistance lies near $0.49 to $0.50. A break above this zone could accelerate the run toward $1 and beyond. However, failure to hold above $0.45 may trigger a correction toward $0.39. Real-World Drivers and Ecosystem Growth XLM’s surge isn’t just technical. On the fundamental side, the Stellar Development Foundation has been advancing partnerships and development milestones. Notably, Stellar is poised to support PayPal’s PYUSD stablecoin, which is expected to launch on the network pending regulatory approval. This integration would significantly boost Stellar’s relevance in the digital payments space and support continued long-term growth. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Additionally, Stellar’s focus on financial inclusion and real-world asset tokenization positions it well for broader adoption, especially in emerging markets. These developments have helped fuel renewed investor interest, contributing to the recent price surge. Final Thoughts Gordon’s assessment of XLM as a “slept-on GEM” is increasingly validated by recent price action and strong technical indicators. The token’s breakout above a multi-year trendline, its close correlation with XRP, and its growing ecosystem all point to a bullish setup. Still, traders should remain cautious. While the momentum is undeniable, overbought conditions and resistance zones could prompt short-term pullbacks. That said, the foundation is being laid for Stellar to reclaim much higher price levels, potentially making XLM one of the strongest altcoin performers of the current cycle. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says XLM Is Making a Strong Move Similar to XRP appeared first on Times Tabloid .

Source: TimesTabloid