XRP News Today: Stellar (XLM) Poised for 107% Gain by 2026, Analyst Predicts

Stellar (XLM), a prominent cryptocurrency, is anticipated to enter a significant bullish phase in the near future, 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.

The analyst, known as Scopuly, predicted that XLM could rise above $0.50 by 2026, which would represent a substantial 107% increase from its current value. To achieve this, Scopuly noted that the cryptocurrency needs to make a decisive move above $0.252 to form a clear golden cross, a technical indicator that signals a bullish trend. This move has not yet occurred, but a decisive shift is expected to favor the bulls and open up the market considerably.

Stellar's recent price action has been volatile. Over the past three months, the digital currency reached its peak in mid-May at nearly $0.34. However, short-term bears quickly pulled it back over the following six to seven 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 any significant developments.

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, Stellar is also seeking to establish strong alliances. A highly anticipated agreement with PayPal could create significant utility for XLM, potentially driving heavy trading and investment.

However, XLM has long lived in the shadow of XRP. XRP's legal victory over the SEC was significant, and its market capitalization currently exceeds $130 billion, while XLM's is just $7 billion. This disparity highlights the greater market acceptability of Ripple's coin and the considerable potential for XLM to catch up. It will require a monumental effort from XLM to match XRP's global impact.