Stellar (XLM) has attracted renewed analyst attention following the emergence of a long-term bullish chart pattern, sparking fresh comparisons with XRP as traders weigh the potential for a breakout toward $2.50.
Analyst highlights major technical setup for XLM
Crypto analyst Celal Kucuker published a monthly price chart of XLM on X, pointing to a robust ascending triangle that he regards as one of the strongest technical formations in the market today. This formation has developed over several years, supporting the case for an upside move if resistance can be cleared.
The monthly chart shows Stellar with by far the strongest setup. The price pattern suggests it could aim for $2.50, potentially following momentum previously seen in XRP and climbing to much higher levels.
The ascending triangle pattern is defined by a series of higher lows converging against horizontal resistance, which currently sits in the $0.90 to $1.00 price range. Over the past years, Stellar has repeatedly tested this zone, but each breakout attempt has been rejected at the ceiling.
A potential breakout above this resistance would activate a bullish projection, which analysts estimate as high as $2.50 based on Fibonacci extension levels. However, XLM remains below that threshold, and the breakout scenario is contingent on a sustained close above the historical resistance area.
Stellar is a blockchain-based network designed to facilitate fast, low-cost cross-border payments and asset transfers. Its native token, XLM, is used for transaction fees and as a bridge currency within the network.
Mini dictionary: Ascending triangle, a bullish chart pattern marked by a flat resistance line and upward-sloping support, suggesting a potential breakout when price breaches resistance.
| Asset | Resistance level | Projected target | Current price* |
|---|---|---|---|
| XLM (Stellar) | $0.90 – $1.00 | $2.50 | Below $1.00 |
| XRP | $1.10 (support) | N/A | About $1.10 |
*Actual price may vary; see market data for latest updates.
XRP maintains market attention amid ecosystem growth
The XLM analysis arrives as XRP remains a point of focus in the crypto market. Recently, XRP traded at approximately $1.10, while daily trading volumes rose and its market capitalization held above $68 billion, according to CoinMarketCap.
Technical analysts are closely monitoring the $1.10 region, which aligns with important moving averages that traditionally indicate trend direction. Additional support for XRP has come from ecosystem developments, such as the introduction of Ripple‘s RLUSD stablecoin and increasing institutional engagement within the XRP Ledger.
The frequent comparisons between XLM and XRP are rooted in their shared development history as blockchain networks supporting cross-border payments. Yet, each asset now faces distinct market pressures and developments.
Mini dictionary: XRP Ledger, an open-source blockchain launched by Ripple to enable fast and inexpensive cross-border transactions, also supporting tokenized assets and decentralized applications.
Investors track technical levels for confirmation
Kucuker’s chart outlines a possible bullish scenario for XLM, but confirmation requires price to close above long-standing resistance. Until this happens, traders remain cautious, aware that multi-year patterns can yield large moves only after confirmed breakouts.
Some market participants continue to associate the XLM move with XRP’s recent recovery. However, this parallel is seen more as market sentiment than as an indicator of a direct relationship, as trading conditions for each asset differ.
Both Stellar and XRP remain under close observation as developments in their respective networks and broader crypto market sentiment continue to shift. Analysts and traders are set to watch whether Stellar can decisively break out and test higher levels while XRP’s support at $1.10 is closely monitored for further trend signals.
