XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’

Name	Symbol	Market	Market Cap ($)	Algorithm
Stellar Lumens	XLMUSD	Crypto	13,645,797,217	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Stellar Lumens

XLMUSD

Crypto

13,645,797,217

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.016818	3.82%	0.457578	0.457482	0.457565

Price Change

Price Change %

Current Price

Bid Price

Offer

0.016818

3.82%

0.457578

0.457482

0.457565

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.463373	0.432501	0.44159	0.44076	0.075736 - 0.638980

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.463373

0.432501

0.44159

0.44076

0.075736 - 0.638980

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:48:58	1.44	0.457578	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

16:48:58

1.44

0.457578

USD

Price x Volume	Volume	Base Symbol	Related Pairs
39,744,015.42	88,259,477.94	XLM	XLMEUR	XLMGBP	XLMBTC

Price x Volume

Volume

Base Symbol

Related Pairs

39,744,015.42

88,259,477.94

XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’

02/04/2024 6:23am

NEWSBTC

In the ever-evolving world of cryptocurrency investments, technical analysis continues to play a significant role in shaping investor sentiment and market trends. Amidst the volatile landscape, one analyst, known as Charting Guy, has garnered attention for his bold predictions regarding the future of two prominent digital assets: XRP and Stellar (XLM). Will XRP Rally “Melt” Faces? Charting Guy’s recent tweet has made waves, declaring that investors in XRP and XLM will soon witness “melting faces” as he identifies a potential $13 movement. This provocative statement underscores his confidence in the impending bullish surge he foresees for these cryptocurrencies. Related Reading: Get Ready For A Bitcoin Cash Revolution: Analyst Forecasts Historic Breakout His analysis suggests a bullish trajectory for both XRP and XLM, despite prevailing market skepticism and prolonged periods of consolidation. While some market participants have labeled these assets as “dead coins” due to their lackluster performance in recent years, Charting Guy remains undeterred by sentiment-driven narratives, instead focusing on technical indicators and chart patterns. $XRP & $XLM will melt faces very soon. 2 coins that have traded sideways or as some say, “done nothing” for 6 years.. most people write them off as dead coins. but, as a technical analyst, i don’t care too much about narratives or sentiment. the charts tells the story. 🧵 — Charting Guy (@ChartingGuy) March 27, 2024 Potential Breakout In The Offing? According to the analyst’s examination, XRP and XLM have exhibited symmetrical triangle patterns, signaling potential breakout opportunities. These patterns, which have been forming over the course of six years, are among the largest formations Charting Guy has encountered, indicating significant potential for price movement. His projections indicate a breakout target for XRP within the range of $10 to $13, implying a substantial gain of up to 2,000%. Similarly, Charting Guy believes that XLM could follow a similar trajectory, reaching a target of $13. XRP and XLM have displayed symmetrical triangle patterns, according to Charting Guy's analysis. Optimistic Long-Term Prospects For XRP And XLM While these short-term targets are ambitious, Charting Guy’s outlook extends beyond the current market cycle. He suggests the possibility of XRP reaching $38 in the future, although he acknowledges that this may not materialize within the next few years. Related Reading: Shiba Inu (SHIB) Slumps As Whale Sell-Off Dampens Momentum – Details Nonetheless, he remains optimistic about the long-term prospects of both XRP and XLM, foreseeing a three-digit value for both assets within the next decade. XRP market cap currently at $32.7 billion. Chart: TradingView.com His bullish outlook is not solely based on technical analysis but also takes into account the potential role of XRP and XLM in the emerging financial landscape. With the increasing adoption of central bank digital currencies (CBDCs) and the potential for disruption in traditional financial systems, Charting Guy believes that XRP and XLM are well-positioned to play a significant role in the future of finance. Featured image from Andrea Piacquadio/Pexels, chart from TradingView

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XLMUSD Stellar Lumens