Why is Stellar (XLM) Price Going Up? This Chart Has the Answer

Key Takeaways

Stellar (XLM) trades inside a long-term symmetrical triangle.
The XLM price is in the fifth and final wave of its upward movement.
Can Stellar build on its breakout and reach a new all-time high?

The Stellar (XLM) price bounced today and shows decisive signs of bullish momentum.

As the price approaches the end of a long-term symmetrical triangle, all eyes are on it to see if a breakout is likely.

Let’s examine the chart and determine what will happen.

Stellar Price Analysis

Stellar is one of the few cryptocurrencies that has created higher lows since the start of 2020, meaning that it did not fall to new lows at the end of 2022 or the beginning of 2024.

Since XLM failed to reach a new all-time high price in 2021, the price movement has created a symmetrical triangle.

Try Our Recommended Crypto Exchanges

Why is XLM Going Up?

A closer look at the movement shows that Stellar ended its 16-day correction with a bullish engulfing candlestick on Aug. 7.

Stellar’s price broke out from a descending wedge today, confirming the XLM correction is over.

The breakout coincided with an RSI bounce at 50, confirming the validity of the price action.

Stellar Daily — XLM/USDT Daily Chart | Credit : Valdrin Tahiri/TradingView

If Stellar continues to increase, the next resistance will be at $0.62, created by the 1.61 external Fibonacci retracement resistance level.

The wave count gives the final bullish nod, showing a completed fourth-wave pullback and the start of the fifth and final upward movement.

XLM and XRP Fractal

There is an interesting fractal between the XLM and XRP prices, which have been almost identical since March.

Both have completed wave fours in five-wave upward movements, the only difference being that XRP trades inside a descending channel.

Stellar XLM — Custom Daily Chart | Credit : Valdrin Tahiri/TradingView

Nevertheless, since the XRP price has already reached its all-time high, XLM could be next to do so.

So, the XLM price prediction for the rest of 2025 is bullish, and a new all-time high is possible.

XLM All-Time High

The technical analysis indicates that XLM is entering its final upward push.

A breakout past the $0.62 resistance could pave the way toward a new all-time high, potentially surpassing $0.80.

This prediction becomes stronger when considering the XLM to XRP correlation and the latter’s recent all-time high.

You May Also Like

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

X.com

Stellar Price Correction Ends as Next Move May Take XLM to New Highs

Stellar Price Analysis

Why is XLM Going Up?

XLM and XRP Fractal

XLM All-Time High

Related