The Stellar (XLM) price surged by more than 7% in the past 24 hours, mirroring XRP’s impressive performance after the U.S. Senate voted to end the 40-day government shutdown. The renewed bullish sentiment across the crypto market has lifted correlated assets like XLM, which often moves in tandem with Ripple due to their shared focus on cross-border payments and institutional adoption.
As XRP broke through major resistance levels, traders shifted attention to XLM as a potential “sympathy trade” — a pattern where correlated tokens follow the momentum of a leading asset.
Chart Analysis: Bullish Reversal Confirmed
The 2-hour XLM/USD chart shows a clear breakout above the key $0.30 resistance zone, with the price now consolidating around $0.302. The token recently flipped its 200 SMA ($0.299) into support — a crucial technical signal confirming a short-term bullish reversal.
Short-term moving averages (MA 9 and MA 21) remain aligned in an upward crossover, while the Stochastic RSI (78.21) suggests that XLM is still in strong bullish territory but may face minor consolidation before another leg higher.
If the bullish momentum continues, the next targets lie at $0.32 and $0.34, representing the next psychological resistance zones. On the downside, immediate support sits near $0.29, followed by $0.26, where previous buyers re-entered.
XRP’s Ripple Effect on Stellar
Historically, XLM has followed XRP’s market direction, as both projects cater to similar use cases in the payments and remittance sectors. When XRP rallies due to positive macro or regulatory catalysts, Stellar often benefits as well — particularly among traders seeking cheaper entry opportunities in similar ecosystems.
The latest rebound in XRP has reignited speculative interest in XLM, signaling that investors expect Stellar to catch up with Ripple’s recent gains.
XLM Price Prediction: Can XLM Price Hold Above $0.30?
Holding above the $0.30 mark will be key for confirming a broader bullish continuation. If market sentiment remains risk-on — supported by political stability in the U.S. and improving liquidity conditions — XLM could aim for $0.35 in the coming sessions.
However, a break below $0.29 could invalidate the bullish setup, pushing the token back into its earlier consolidation range near $0.26.