INSUBCONTINENT EXCLUSIVE:
ascending triangle targets $0.63XLM is consolidating within an ascending triangle, a classic bullish continuation setup characterized by
rising lows and horizontal resistance
The resistance level, near $0.52, has been tested multiple times since Tuesday, while the higher lows show increasing buying
pressure.XLM/USD four-hour price chart
Source: TradingViewA breakout above $0.52 could confirm the pattern and trigger a rally toward $0.63 by August, marking a 35% gain from the
The relative strength index (RSI) on the 4-hour chart remains below overbought levels, suggesting room for more upside.XLM continues to hold
above its 20-, 50-, and 200-4H exponential moving averages (EMAs), all of which now slope upward
This alignment adds strength to the short- and medium-term bullish outlook.The short-term bullish pattern aligns with a macro accumulation
structure highlighted by veteran trader Peter Brandt
XLM/USD monthly price chart
$1 level, a horizontal barrier it has tested but never broken with conviction.XRP correlation acts as a tailwind The bullish outlook for XLM
The Stellar token is up about 425% since the November low, while XRP has gained by over 590% in the same period.XLM/USD vs
XRP/USD price performance chart
Source: TradingViewThis recent outperformance by XLM signals a catch-up rally, often seen when XRP leads bullish moves
Historically, the two assets exhibit a strong directional correlation, driven by their shared founder and similar use cases in cross-border
XRP/USD daily correlation coefficient
Related: XRP jumps 22% into price discovery as market cap hits a record $210BStellar followed with a 60%+ surge of its own, pushing the
correlation coefficient to 0.95, a near-perfect alignment
This pattern continues to play out in 2025, reinforcing the view that XLM may extend its rally as long as XRP remains elevated.This article
does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
