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bitcoin
Bitcoin (BITCOIN)
$116,782 0.36%
ethereum
Ethereum (ETHEREUM)
$3,968 3.40%
binancecoin
BNB (BINANCECOIN)
$791.82 2.19%
solana
Solana (SOLANA)
$177.63 3.98%
ripple
XRP (RIPPLE)
$3.33 8.85%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 3.38%
pepe
Pepe (PEPE)
$0.000011 4.76%
bonk
Bonk (BONK)
$0.000026 2.70%
bitcoin
Bitcoin (BITCOIN)
$116,782 0.36%
ethereum
Ethereum (ETHEREUM)
$3,968 3.40%
binancecoin
BNB (BINANCECOIN)
$791.82 2.19%
solana
Solana (SOLANA)
$177.63 3.98%
ripple
XRP (RIPPLE)
$3.33 8.85%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 3.38%
pepe
Pepe (PEPE)
$0.000011 4.76%
bonk
Bonk (BONK)
$0.000026 2.70%
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Stellar Price Prediction – Why XLM Could Hit $0.50 Soon

Highlights:

  • XLM is up but facing some resistance at $0.469
  • A breach of $0.469 could push XLM to $0.50
  • Rising bullish momentum across the market could push XLM higher 

Stellar (XLM) is up strongly in the last 24 hours. While most top 100 cryptocurrencies are up on average by 5 – 10%, XLM is up by double digits. When going to press, XLM was trading at $0.467, up by 13.12% in the day. Stellar (XLM)’s trading volumes are also on the rise. 

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In the last 24 hours, XLM trading volumes have shot up by 263.36%, to $1.06 billion. This indicates that bullish sentiment is on the rise, and that money is coming in anticipation of even more gains going into the future. The rising bullish sentiment around XLM is based on a couple of factors that could push the price even higher than it is now. 

XLM Pushing Higher Alongside XRP

One of them is that its price tends to move alongside XRP’s. Today, XRP was pumped due to news that the SEC had ended all its cases against Ripple. This has also triggered a rally for XLM since they tend to move together. However, XLM has pumped even more than XRP, potentially due to its lower cost. XLM is still trading at under $0.50.

This gives the average retail investor a higher amount of tokens for every dollar spent, while still taking advantage of the possible parabolic price move that the end of the SEC case against Ripple may trigger soon. As a result, retail FOMO will likely keep pushing XLM higher. Already, XLM’s upside momentum is accelerating, even as XRP appears to be entering a consolidation after the initial pump. Such price action indicates that while the news is about XRP, investors are betting more on XLM. With expectations high that XRP could be headed to prices as high as $10 in the short term, the odds of an XLM rally to prices as high as $5 in the foreseeable future are high. 

Rising Marketwide Momentum Could Push XLM Higher

Besides the fact that it stands to benefit from XRP’s price action, the broader market momentum is also on its side. After over a week of consolidation, Bitcoin appears to be gaining upside momentum. In the last 48 hours, Bitcoin bulls have gained momentum, and the price is now edging closer to the $120k price level. This is likely to keep pushing all altcoins higher in the short term. For XLM, which is already showing strength, such momentum could see its price rise by double digits in the foreseeable future.

Macro Environment Favors Continuation of XLM Rally

The macro environment also favors a possible continuation of the momentum XLM has built up today. One of the macro factors favoring XLM is a potential rate cut in September. This is a factor that could see XLM and other risk-on assets continue to go up. Still in the macro environment, Japan announced today that it had ironed out some issues regarding tariffs with the US. This is a move that is likely to push US indices higher as the uncertainty around tariffs continues to settle. Since cryptocurrencies track the US indices, the odds are high that XLM could be headed much higher in the short term.

Technical Analysis – Stellar Lagging Around $0.469 Resistance

In the last 24 hours, XLM has been pumping for the better part of the day. However, in the last few hours, XLM has started lagging around the $0.469 resistance.

XLM
Source: TradingView

If bulls take control and push XLM through the $0.469 resistance, a rally to prices above $0.50 could follow in the short term. On the other hand, if bulls lose traction and fail to push through the $0.469 resistance, then a correction to around $0.453 could follow. However, with the broader market sending bullish signals, the odds are high that the bulls could remain in control.

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