XRP News Today: Stellar (XLM) Anticipated to Surge 107% by 2026

Stellar (XLM), a major cryptocurrency, is anticipated to enter a significant bullish phase in the coming months, according to an analyst on X (formerly Twitter). As an alternative to XRP, Stellar has shown moderate gains in the first week of July, outperforming other cryptocurrencies in the market and currently trading around $0.24.

Scopuly, the analyst in question, predicted that XLM could rise above $0.50 by 2026, which would result in a substantial 107% price increase from its current valuation. This forecast suggests a strong potential for growth in the long term. In the short term, Scopuly noted that the cryptocurrency needs to make a decisive move above $0.252 to achieve a clear golden cross, which has not yet occurred. A decisive move in this direction is expected to shift market sentiment in favor of the bulls, opening up the market considerably.

Stellar's recent price action shows that the digital currency reached its peak in mid-May, when it valued nearly $0.34. However, short-term bears pulled it back over the following 6-7 weeks. The situation has started to change again, and July could be a pivotal month for XLM. The next few weeks are expected to be crucial, with investors closely monitoring the market for potential shifts.

Stellar’s XLM and Ripple’s XRP are rival cryptocurrencies aiming to make a significant impact on the global online payment ecosystem. While XRP has partnered with banks to facilitate transactions following a protracted legal saga, XLM 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 significant utility for XLM, and traders could bet heavily on it.

However, XLM has lived in XRP’s shadows for a long time. XRP’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 shows considerable potential for XLM, it also indicates greater market acceptability for Ripple’s coin. It will take a monumental effort from XLM to catch up to XRP’s global impact.