u.today
19 July 2025 15:54, UTC
According to crypto trader Ali Martinez, Stellar Lumens ($XLM), considered a top $XRP rival, appears to have broken out of a bullish flag formation, potentially setting its trajectory toward the $1 mark.
Martinez shared a weekly chart on X, highlighting a flag pattern that, once broken, often signals the beginning of a strong upward trend.
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Stellar has recently shown significant signs of life. Last week, it printed its largest weekly candle in nearly a year, jumping almost 45% against $XRP as the price moved from 0.107 to 0.154 within just a few days.
In dollar terms, $XLM surged more than 70% over the week, closing around $0.43 and breaking through multiple resistance levels that had held it back since the first quarter of the year.
The rally extended into Friday, with $XLM peaking at $0.52 — an 87% gain over seven days. This mirrors similar gains from $XRP, which also reached new year-to-date highs at $3.65. Notably, the two assets maintain a 100-day correlation index of 0.95, suggesting a strong price relationship.
Despite the bullish momentum, $XLM began to show mild signs of correction on Saturday, following its sharp ascent.
While $XRP and $XLM share a common origin (both were co-created by Jed McCaleb), the two projects have since taken different paths. $XRP is now closely aligned with Ripple and enterprise-level financial infrastructure, whereas Stellar focuses on open financial access and peer-to-peer transfers.
This divergence has turned the $XLM/$XRP trading pair into something of a sentiment gauge for how the market values each ecosystem.
After spending most of the year grinding lower, the $XLM/$XRP ratio has finally found a bottom and reversed with meaningful volume, signaling renewed interest in Stellar's ecosystem.
