Bittime - $XLM price prediction December 18. Today's $XLM price analysis shows a 23% increase. Will the price of $XLM continue to rise? Find out why in this article.
Stellar ($XLM) is one of the assets that steals attention. This crypto coin experienced a price jump of up to 23% in just one week. This move fuels optimism that XLM can become a big player in 2025.
So, what caused this price increase, and what is the prediction for the price of $XLM in the future? Keep following the review.
Reasons Why $XLM Price Is Rising
1. Launch of RLUSD Stablecoin by Ripple
Ripple recently launched the RLUSD stablecoin, which triggered a 15% increase in the price of XRP. As an asset that is often correlated with Ripple due to its similar origins, XLM also feels the positive impact of this market sentiment.
Both are focused on cross-border payment systems, so positive developments in the Ripple ecosystem often have an impact on XLM.
2. Bullish on the Crypto Market Led by Bitcoin
Bitcoin again set a new record by exceeding the price of $108,000 (around Rp. 1.74 billion). As the market leader, Bitcoin's rise has a domino effect on other altcoins, including XLM.
Traders looking for opportunities beyond Bitcoin are starting to turn their attention to assets with high growth potential such as XLM.
3. Strong Stellar Network Fundamentals
The Stellar Network continues to show growth with over 9 million active accounts. This data indicates increased adoption and activity on the Stellar blockchain, which also supports investor confidence in XLM. Apart from that, technical analysis shows the formation of a bullish pattern which strengthens market sentiment.
Read also: Bitcoin $108K: ATH Doubles in 24 Hours!
XLM Price Analysis
Currently, $XLM is trading at around $0.44 (around Rp. 7,084), after previously touching a high of $0.47 (around Rp. 7,567).
The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart shows a bullish signal, with the MACD line crossing the signal line. Additionally, the green histogram indicates increasing buying momentum.
However, the potential for a price correction remains if XLM forms a bearish pattern. The nearest support level is at $0.35 (around IDR 5,635), which can be a defense point if the price experiences selling pressure.
XLM Price Prediction, Will It Continue to Rise?
According to CoinCodex predictions, the price of XLM is expected to break $0.69 (around IDR 11,109) in January 2025, which is a 56% increase from the current level.
In fact, projections for May 2025 show a potential surge of up to $1.32 (around Rp. 21,252), exceeding the all-time high price of $0.87 (around Rp. 14,007) in 2018.
However, the journey to this ascension will not be smooth. The key resistance levels of $0.51 (around Rp. 8,211) and $0.64 (around Rp. 10,304) must be broken to maintain the bullish momentum. If successful, XLM has the potential to end the year above $0.60 (around IDR 9,660).
Read also: HBAR ETF Predictions 2025: Potentially Approved Early?
Conclusion
The $XLM price increase of 23% reflects optimism in the cryptocurrency market, supported by factors such as Ripple's launch of RLUSD, Bitcoin's rally, and the strengthening of the Stellar network. With great potential to surpass the $0.65 level (around Rp. 10,465) in early 2025, XLM is one asset worth keeping an eye on.
However, investors still have to be careful about the potential for short-term price corrections. As a wise step, make sure to always monitor market developments and use technical analysis before making investment decisions.
FAQ About Stellar (XLM)
What is Stellar (XLM)?
Stellar (XLM) is a blockchain designed to facilitate fast, secure, and cheap cross-border payments. Using the Stellar Consensus Protocol (SCP), a unique consensus protocol that does not require mining, Stellar allows transactions to be validated in seconds, at very low fees.
Will Stellar Hit $10?
Stellar XLM has the potential to reach $1 in the near future, but the coin can be considered challenging to cross the $10 threshold in the near future. However, this does not mean that this coin has no potential; anything is possible in the highly volatile crypto market.
Does XLM Have a Good Future?
The long-term Stellar Lumens (XLM) price forecast from DigitalCoinPrice projects that XLM will reach $3.66 by 2030. This forecast suggests that its value will gradually increase in the following years due to increasing use of the Stellar network and technological breakthroughs.
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Reference
Coingape, Top 3 Reasons Why Stellar (XLM) Price Jumped 12% Today, accessed December 18, 2024.
Watcher.guru, Stellar Keeps Winning With 23% Gain: XLM To Target $0.65 Before 2025?, accessed December 18, 2024.
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