XLM Price Forecast: Is $2 Target Achievable for Stellar Bulls?

Stellar (XLM) price has surged 35% over the past week, reflecting broader crypto market trends. Currently trading at $0.451, XLM recorded a 3% increase in the last 24 hours. The ongoing bullish momentum raises questions about the possibility of reaching the $2 milestone. Market sentiment remains optimistic amid sustained positive trends.

Stellar price is currently testing a key resistance level at $0.456, which could determine its short-term direction. A breakout above this level might trigger a rally toward $0.548 and $0.575, marking significant gains for the asset. However, failure to clear $0.456 could lead to a retracement, with support levels identified at $0.356 and $0.340.

Technical indicators suggest that flipping $0.456 into support is critical for upward momentum. If rejected, a decline toward $0.356 could occur by mid-January, with further downside possible by early February. 

A successful breakout, however, may see Stellar price prediction rallying steadily through January and setting the stage for higher moves in February. Traders should closely monitor these levels for decisive action.

A crypto expert predicts a major recovery for Stellar’s price, drawing insights from historical Fibonacci retracement levels. Compared to the 2017 bull market, the XLM  price could experience a staggering 1,700% surge, reaching approximately $8.30. 

Analysts highlight this as a long-term opportunity, with the possibility of XLM hitting $11 and beyond in a sustained bullish cycle. Key milestones in XLM’s trajectory include its potential to cross $2 by Q4 2025. 

The open interest for XLM futures has surged, reaching $292.29 million, reflecting a notable 5.66% increase. This development marks a significant milestone in the derivatives market for the top altcoin as investors continue to track its performance.

The Relative Strength Index (RSI) has risen to 60 on the 4-hour chart, signaling moderate bullish momentum.

XLM price continues to strengthen its presence in cross-border payments through innovative applications and significant partnerships. Stellar’s collaboration with MoneyGram enhances cash-to-crypto efficiency, solidifying its role in global remittances. 

This initiative supports seamless cross-border transactions, making micropayments more accessible. Partnerships with financial institutions underscore XLM’s commitment to transforming payment systems worldwide while driving adoption.

The recent presidential transition to Donald Trump has sparked optimism across cryptocurrency markets. Investors anticipate regulatory clarity with the expected appointment of a new SEC chairman. This change could benefit assets like XLM price. Analysts also predict the current crypto bull market may extend until early 2026, providing room for further rallies.

Stellar price showcases promising growth, supported by bullish momentum, technical strength, and strategic partnerships. While challenges remain, achieving $2 by 2025 appears attainable if key resistance levels are surpassed. Investors should monitor developments, partnerships, and market trends for informed decision-making.

The post XLM Price Forecast: Is $2 Target Achievable for Stellar Bulls? appeared first on CoinGape.

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