Stellar (XLM) Price Breakout Imminent as PayPal Integration Looms

An analyst known as Scopuly has suggested that a significant price breakout for Stellar (XLM) may be imminent. According to their analysis, despite the absence of a golden cross on the daily chart, the price action of Stellar has remained robust. The 9-day moving average has yet to cross above the 21-day moving average, but this technical signal could materialize at any moment, potentially driving the XLM price higher.

One critical indicator to monitor is trading volume. Currently, the trading volume for XLM has decreased by nearly 21% to $160 million, indicating a reduction in trading activity. However, Scopuly notes that a sudden surge in volume could swiftly reverse the momentum, turning it bullish. Such an increase in volume might provide the necessary impetus to propel the Stellar price above its recent highs.

Today, XLM reached a high of $0.2477, with a daily low of $0.2301. Although the price experienced a slight cooldown after the initial surge, the overall uptrend remains intact. Stellar appears poised for a more substantial move if the right catalyst emerges.

Scopuly emphasizes that a potential integration with PayPal could be a game-changer for Stellar. PayPal’s CEO, Alex Chriss, has hinted that incorporating Stellar into its platform could grant access to millions of new developers and users. If PayPal proceeds with this integration, the increased exposure and trust could significantly boost XLM's price and usage.

Stellar is currently ranked 17th among all cryptocurrencies by market cap, trailing Avalanche by just $310 million. Scopuly suggests that major institutional partnerships, such as the potential PayPal integration, could accelerate Stellar's rise above its competitors. Such a leap in ranking would also attract more attention and investment to XLM.

Scopuly advises traders and investors to closely monitor three key triggers: the delayed golden cross, sudden shifts in volume trends, and announcements of significant partnerships or integrations. Any of these factors could catalyze a breakout in Stellar's price. Currently, all indicators suggest that XLM is poised to surprise the market in this cycle.