XRP News Today: Stellar (XLM) Surges 20% in Days, Targets 97% Gain

Stellar (XLM) has recently captured the attention of traders with its significant price surge. After a prolonged period of sideways movement, XLM has broken out of a multi-month descending triangle pattern, resulting in a price increase of over 20% within a few days. This breakout has pushed the price to $0.3185, according to popular chart analyst World of Charts. The analyst highlighted that XLM is already showing signs of further continuation, with a projected move of nearly +97% from the breakout point, targeting around $0.58 to $0.60.

The daily chart of XLM reveals a clear and powerful technical breakout. The cryptocurrency had been consolidating within a falling wedge pattern, which is often observed before upward reversals. Once the upper boundary was breached with strong volume, bulls rushed in, driving the price higher. This rally is particularly interesting as it mirrors the recent price action of XRP, which surged earlier in the week due to bullish sentiment and growing confidence in Ripple’s regulatory position. Stellar, which shares a similar origin story and technical structure, is now following XRP’s lead.

With today’s price surge, XLM is among the top-performing major cryptocurrencies in the market. Its 24-hour gain of 5% may not seem extreme on its own, but when combined with the bullish breakout and upward continuation from earlier this week, it is clear that momentum is with the bulls. Traders are now closely monitoring whether XLM can maintain its position above the $0.30–$0.32 zone, which previously acted as resistance. If it holds, this zone could flip into new support, paving the way for the next leg higher.

Looking ahead, if the rally continues, the first key resistance to watch sits near the psychological level of $0.40. After that, the $0.50–$0.60 zone becomes the next major target, aligning with World of Charts’ projection. However, if buyers lose momentum, a pullback to retest the breakout zone around $0.27–$0.29 would be expected. The critical factor will be whether bulls defend that level and sustain the uptrend.

With positive sentiment building in the altcoin space and momentum on its side, Stellar might be poised for a much bigger move. As one team member noted, “XLM is finally waking up.” The cryptocurrency’s functionality and collaborations have long made it undervalued, and its recent price action suggests that it could be on the verge of a significant rally.