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 Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election 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.