XLM Breakout Alert! Traders Eye 30% Rally

As we approach President-elect Donald Trump’s inauguration, the cryptocurrency landscape appears to be shifting towards a bullish trend, as seen in major assets. Amid this bullishness, Stellar’s XLM experienced a major breakout and gained massive attention from crypto enthusiasts, resulting in a significant price surge.

Current Price Momentum

Today, January 15, 2025, the overall market sentiment has shifted as major assets such as Bitcoin (BTC), Ethereum (ETH), and XRP have witnessed significant upside momentum. This substantial price surge has influenced overall market sentiment and caused XLM’s price to jump by 16% in the past 24 hours.

With this notable price surge, XLM is currently trading near $0.458 and has witnessed significant participation from traders and investors, resulting in a 240% increase in trading volume during the same period.

Reason Behind XLM Price Rally 

Besides President-elect Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President inauguration, another major factor currently influencing XLM’s price is the Securities and Exchange Commission’s (SEC) upcoming review plan for crypto enforcement cases.

These cases are pending in court and may be frozen if they do not involve fraud allegations.

XLM Technical Analysis and Upcoming Levels 

These factors are currently influencing the price of XLM and other assets. However, this price surge has triggered a breakout of a bullish inverted head and shoulders pattern.

According to recent price action, $0.45 was a strong resistance level that XLM had been facing since the beginning of December 2024, but it has finally been breached with bullish momentum.

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XLM Price Prediction

Based on historical price momentum, if XLM maintains its position above the resistance level, there is a strong possibility that it could surge by 30% to reach the $0.65 mark in the near future.

Despite a notable price surge in the past 24 hours, XLM’s Relative Strength Index (RSI) remains below the overbought zone, indicating that the asset has enough room to continue its upward momentum toward the speculated target.

However, a few whales and long-term holders seem to be engaging in profit-taking, as reported by the on-chain analytics firm CoinGlass. Data from spot inflow/outflow reveals that exchanges have witnessed an inflow of over $156.74 million worth of XLM, indicating a potential sell-off.

These holders might be the ones who recently bought the dip when XLM dropped to the $0.325 level and are now booking a profit of nearly 45%. However, it’s a normal market behavior there is a strong possibility it won’t impact XLM price.

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