Major cryptocurrency Stellar (XLM) is poised for a massive bullish phase in the coming months, according to one analyst on X (formerly Twitter). The XRP alternative has experienced moderate gains in the first week of July, outperforming other coins in the crypto market, and is currently trading around the $0.24 valuation.
Scopuly, the X account in question, tweeted that XLM is continuing to post healthy gains in the short term and could rise above $0.5 by 2026. This move could result in Stellar owners experiencing a sizable 107% price increase from the current spot level.
In the short term, Scopuly stipulated that the cryptocurrency needs to make a solid move above $0.252 to get a clear golden cross, and that hasn’t happened yet. A decisive move is expected to shift the favour completely in favour of the bulls and open the market up considerably.
Here is the price action of XLM/USD for the last 3 months:
The graph clearly shows that the digital currency reached its peak recently, in mid-May, when it reached a value of nearly $0.34. However, the short-term bears came into play soon afterwards and have since pulled it back effectively over the last 6-7 weeks. Now, the situation has started to change again, and July could be a game-changer for XLM. The next few weeks are expected to be crucial in this regard, and XLM investors are expected to keep a keen eye on the graph during this time.
Stellar’s XLM and Ripple’s XRP are rival cryptocurrencies aiming to make a significant impact on the global online payment ecosystem. While the latter has partnered with banks to facilitate transactions following a protracted legal saga, the former is also seeking to establish strong alliances, including a highly anticipated agreement with PayPal.
If this move proceeds and PayPal deploys its payment system on the Stellar Network, it could create a significant utility for XLM, and traders could bet heavily on it.
However, XLM has lived in XRP’s shadows for a long time. The latter’s legal victory over the SEC was significant, and its market capitalization currently exceeds $130 billion, while XLM’s is just $7 billion. While this does show considerable potential for XLM, it also shows greater market acceptability for Ripple’s coin. It will take a monumental effort from XLM to catch up to XRP’s global impact.
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