XRP News Today: XLM Surges 60% in Week Mirroring XRP’s Breakout

Stellar’s native token, XLM, has recently garnered significant market attention due to a powerful breakout, leading to comparisons with XRP’s recent price movements. A well-known analyst, Gordon, described XLM as “an absolute slept-on GEM” and highlighted its strong similarities to XRP in terms of movement and structure. This assessment is supported by a technical chart showing XLM decisively breaking out of a long-term downtrend.

The chart indicates a clean, confirmed breakout from a multi-year descending trendline, accompanied by strong volume and a parabolic price rise. XLM recently surged over 60% in less than a week, signaling a major shift in market sentiment. As of the latest data, XLM is trading at $0.4655, after reaching an intraday high of $0.4769. These levels mark the highest price Stellar has seen in months and place it in a powerful technical position.

Analysts have noted that XLM’s current setup closely mirrors XRP’s price trajectory before its own breakout. Both assets are known for their correlation due to their shared origin—Stellar was founded by Ripple co-founder Jed McCaleb. Their use cases also align in the realm of cross-border payments, further reinforcing their price movements’ synchronicity.

According to recent analysis, XLM and XRP share a 90-day correlation coefficient of approximately 0.91, indicating they move in near unison. This correlation has fueled bullish projections for XLM, with some analysts predicting a move toward $1.05 or even $1.29 in the near term if current momentum holds. Several traders have likened XLM’s chart to a symmetrical triangle breakout, just like the one XRP formed before its last explosive rally. If XLM continues to follow XRP’s path, the next major resistance lies near $0.49 to $0.50. A break above this zone could accelerate the run toward $1 and beyond. However, failure to hold above $0.45 may trigger a correction toward $0.39.

XLM’s surge isn’t just technical. On the fundamental side, the Stellar Development Foundation has been advancing partnerships and development milestones. Notably, Stellar is poised to support PayPal’s PYUSD stablecoin, which is expected to launch on the network pending regulatory approval. This integration would significantly boost Stellar’s relevance in the digital payments space and support continued long-term growth. Additionally, Stellar’s focus on financial inclusion and real-world asset tokenization positions it well for broader adoption, especially in emerging markets. These developments have helped fuel renewed investor interest, contributing to the recent price surge.

Gordon’s assessment of XLM as a “slept-on GEM” is increasingly validated by recent price action and strong technical indicators. The token’s breakout above a multi-year trendline, its close correlation with XRP, and its growing ecosystem all point to a bullish setup. Still, traders should remain cautious. While the momentum is undeniable, overbought conditions and resistance zones could prompt short-term pullbacks. That said, the foundation is being laid for Stellar to reclaim much higher price levels, potentially making XLM one of the strongest altcoin performers of the current cycle.