Renowned merchant Peter Brandt recently shared his latest analysis and predictions for Stellar (XLM). Altcoin was one of the best artists in July and drew attention due to its curious correlation with XRP.
Peter Brandt thinks that XLM has a strong increase in increase. However, other analyzes also warn that short -term merchants may be loss because the open interest of Altcoin reaches record heights.
Peter Brandt suggests that XLM could rally strongly in the middle of XRP strikes a new ATH
With a cautious tone, Peter Brandt said that XLM could rally but stressed that certain conditions were to be met first.
“Potentially the most optimistic table of all belongs to XLM. XLM must remain above TRA low and must be closed decisively greater than $ 1. Until then, this graph will remain linked to the beach,” said Peter.
The price range at which Brandt refers is quite wide. The lowest April is at $ 0.20, while the key resistance level is $ 1. However, in his analysis of graphics, he suggests that if XLM closes a monthly candle greater than $ 1, it could come together up to $ 7.20.
This scenario would push the market capitalization of Altcoin over $ 200 billion.
A solid technical foundation supports this bullish affair. The price has formed a model of ascending triangle since 2018, combined with a long -cutter and sleeve model which started in 2021.
A previous report by Beincrypto highlighted the strange correlation between XRP and XLM. Recently, XRP has reached a new summit of all time at $ 3.65. Based on this, analysts see that the reasons expect XLM can follow with a new summit of all time.
However, the risks for XLM traders have also increased. Open interest has reached a summit of nearly $ 600 million. Short -term traders using a high lever effect could undergo significant losses if XLM becomes volatile at this stage.
Stellar (XLM) is gaining momentum from multiple positive developments in July
On the fundamental side, Stellar recently announced the Protocol 23 upgrading guide for Stellar Core. This marks a major step towards wider network upgrades and an improvement in the scalability of ecosystems. The Mainnet vote is scheduled for August 14, 2025.
“Protocol 23 is there. All intelligent contracts become faster and cheaper, ”said on Stellar.
In addition, Paypal’s Stablecoin Pyusd plans to integrate into low -cost global transfers. Thorwallet is now fully supported by stellar lumens, allowing users to send, receive, hold and exchange XLM directly via a secure mobile DEFI application with multisig security and institutional quality.
According to Rwa.xyz, Stellar currently represents more than $ 445 million in real assets in token (RWA). Most of these assets are managed by Franklin Templeton and Circle.
At the time of writing the editorial staff, XLM has been negotiated about $ 0.50, up 120% since early July.
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