CandleFocus Bullish Flag Spotted on XLM Chart — Price Targets $1.80
2025-02-15
Author: Content Editor
Cryptocurrency analyst Ali Martinez predicts that the rival coin of XRP, Stellar (XLM), is experiencing a bullish movement and preparing for a breakout. Martinez suggests that XLM is forming a bullish flag pattern and could potentially target $1.80. This pattern occurs when an asset's price consolidates after a sharp rise before further increasing. Some commenters noted the correlation between XLM and XRP market movements. On Friday, XLM rose by more than 8% following a 10% increase in XRP triggered by the SEC acknowledging XRP ETF and DOGE ETF filings by Grayscale. Stellar was founded in 2014 by Ripple co-founder Jed McCaleb and focuses on transnational payments for retail unbanked users.
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