bullish

Kaspa

World

Stellar

<p>Stellar’s XLM and Ripple’s XRP are both seeing strong price increases, moving up together in the market. Ripple’s recent announcement about the launch of its stablecoin, RLUSD, has triggered notable excitement, which has seen <a href="https://captainaltcoin.com/xrp-price-pumps-amid-ongoing-developments-around-ripple/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a> move up.&nbsp;</p>
<p>XRP’s upward movement has historically influenced Stellar, as both projects are closely associated with U.S.-based blockchain initiatives. So whenever <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> sees significant gains, XLM tends to follow due to market sentiment and investor expectations.</p>
<h2 class="wp-block-heading" id="stellar-chart-analysis">Stellar Chart Analysis</h2>
<p>The XLM chart reveals a bullish falling wedge pattern on the 2-hour chart. The pattern indicates a period of downward price consolidation followed by a potential upward breakout. A breakout from this structure is typically a bullish signal, suggesting further upward momentum.</p>
<p>A projected 40% increase has been identified as <a href="https://captainaltcoin.com/this-analysts-stellar-xlm-price-prediction-will-leave-you-stunned/" target="_blank" rel="noopener noreferrer nofollow">XLM’s price</a> targets the resistance zone near $0.63. Support levels remain strong at the lower boundary of the falling wedge, around $0.21 to $0.23. Popular analyst World Of Charts confirmed this bullish outlook in a tweet, stating:</p>
<p>“$XLM #XLM Getting Ready For Another Bullish Wave Breaking Consolidation Expecting Another 40% After Successful Breakout.”</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="581" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-1024x581.png" alt="" class="wp-image-601473" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-1024x581.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-767x435.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-1536x871.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-617x350.png 617w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-817.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/WorldOfCharts1/status/1868959621823840482" target="_blank" rel="noopener noreferrer nofollow">X/WorldOfCharts</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="strong-market-performance-and-rising-trading-activity">Strong Market Performance and Rising Trading Activity</h2>
<p><a href="https://captainaltcoin.com/how-much-will-25000-stellar-xlm-tokens-be-worth-at-peak-of-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">XLM’s price</a> went up by 12% in the last day, putting it near the top of the market. More investors are getting interested in Stellar lately. Trading has picked up too – the volume jumped by about 150%, which means a lot more people are moving XLM around.</p>
<p>This increased trading activity supports the recent price breakout that many traders were watching for. High activity levels often accompany bullish movements, strengthening the ongoing price rally.</p>
<h2 class="wp-block-heading" id="outlook-for-stellar-xlm">Outlook for Stellar (XLM)</h2>
<p><a href="https://coinmarketcap.com/currencies/stellar/" target="_blank" rel="noopener noreferrer nofollow">Stellar’s current price</a> surge aligns with broader market trends, particularly the bullish performance of XRP. Ripple’s RLUSD launch continues to generate momentum, indirectly benefiting XLM. With technical indicators signaling further upside potential, the market will closely monitor Stellar’s ability to sustain its breakout and target the projected levels.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/can-kaspa-really-hit-10-this-bull-run-kas-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Can Kaspa Really Hit $10 This Bull Run? KAS Price Prediction</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/heres-why-stellar-xlm-price-is-pumping/" rel="noopener noreferrer nofollow">Here’s Why Stellar (XLM) Price Is Pumping</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why Stellar (XLM) Price Is Pumping

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