Key Takeaways
- Peter Brandt thinks XLM has the potential to break out of a multi-year pattern.
- But to do so, it must remain above its April low.
- XLM climbed to a high of $0.5 on July 17.
Renowned trader Peter Brandt has argued that XLM has “potentially the most bullish chart of all.”
But to break out, he said the price of Stellar Lumens must remain above its April low and “close decisively” above one dollar.
” url1=”https://www.ccn.com/crypto-exchanges/” text1=”Looking to Trade [XLM]? Check Out These Exchanges” label1=”Best Exchanges for [XLM]” url2=”https://www.ccn.com/best-crypto-wallets/” text2=”Keep Your [XLM] in These Top Wallets” label2=”Top Crypto Wallets” url3=”https://www.ccn.com/crypto-gambling/” text3=”See Our Picks for the Best Crypto Gambling Sites” label3=”Gamble Crypto Safely Here”]
XLM Breaking Out of a 7-Year Pattern
XLM’s price has remained within a symmetrical triangle since hitting its all-time high in late 2018.
It came close to breaking the pattern in 2021 and December 2024, only to pull back into range.
Since July 8, however, XLM has come roaring back and is once again pushing against resistance at around $0.5.
To confirm its bullish breakout, however, Peter Brandt argues that XLM must cross the one-dollar threshold.
The Path to One Dollar
For the price of XLM to more than double, it will need both a broader crypto market rally and evidence of rising adoption of the Stellar blockchain.
The launch of PayPal’s PYUSD on Stellar in June marked a significant milestone. If the blockchain can attract more major stablecoin issuers, it would help expand its utility in a rapidly expanding sector.
Meanwhile, institutional partnerships with MoneyGram and Franklin Templeton prove Stellar’s value for cross-border payments and tokenization.
For cross-border settlement, it faces stiff competition from XRPL, while platforms like Canton, Centrifuge, and Aptos are increasingly active in the tokenization space.
ISO Tokens Look Bullish
Several analysts have pointed out that Stellar is among a crop of ISO-compliant blockchains that could benefit from rising institutional adoption.
Alongside ADA, ALGO, HBAR, and XRP, XLM has outperformed the market in July, when U.S. crypto regulation has driven bullish momentum.
These tokens were all designed with regulatory compliance and integration into existing financial infrastructures in mind.
With mainstream interest in blockchain solutions seemingly at a tipping point, Stellar and its peers are poised for a surge in adoption in the coming months and years.
” url1=”https://www.ccn.com/crypto-exchanges/” text1=”Looking to Trade [XLM]? Check Out These Exchanges” label1=”Best Exchanges for [XLM]” url2=”https://www.ccn.com/best-crypto-wallets/” text2=”Keep Your [XLM] in These Top Wallets” label2=”Top Crypto Wallets” url3=”https://www.ccn.com/crypto-gambling/” text3=”See Our Picks for the Best Crypto Gambling Sites” label3=”Gamble Crypto Safely Here”]
James Morales is CCN’s blockchain and crypto policy reporter. He has been working in the news media since 2020, writing about topics such as payments, banking and financial technology. These days, he likes to explore the latest blockchain innovations and the evolving landscape of global crypto regulation.
With an educational background in social anthropology and media studies, James uses his platform as a journalist to explore how new technologies work, why they matter and how they might shape our future.
