Stellar (XLM) has shown a strong course performance in the past few days. On January 30, 2025, the XLM course reached an increase of 12 %, which led to an increase in market capitalization of $ 1.5 billion. This increase came at a time when the entire crypto market was in a phase of relaxation, with Bitcoin (BTC), which exceeded the brand of USD 105,000, and Ethereum (ETH), which reached almost $ 3,300. XLMS strong performance on this day is also a clear decoupling of XRP, with which XLM had severely correlated in the past.
Stellar (XLM) shows a clear decoupling of XRP
Historically, the price of XLM often followed the movements of XRP. This correlation was particularly visible in times of market uncertainties or larger news. But on January 30, XLM performed a strong performance that exceeded XRP by length. While XLM recorded an impressive increase of 12.4 % that day, XRP was only able to achieve an increase of 3.1 %. This indicates that XLM may be able to catch up significantly over XRP in the near future. There was no special news or technical updates that directly explained this increase, which strengthened the theory.
The strong price movement of XLM on January 30, 2025 could be an indication of growing demand in the cryptom market. Traders show more and more interest in cryptocurrency, which accordingly led to a great increase in the commercial volume. The high volume of long positions, i.e. the bet on rising courses, is particularly striking. It is reported that bullish traders held long positions worth 13 million USD at the time of the price increase, while the short positions only reached a value of USD 3 million. This imbalance of almost 70 % in favor of the long positions indicates that many market participants rely on further price gains.
Stellar forecast and technical analysis
The technical analysis of XLM shows that cryptocurrency freed itself from a longer period of time. Before the strong increase on January 30th, XLM recorded four consecutive days with red candles, which is the longest series of losses since the retention of the retention on Binance in November 2024. But the strong increase, which drove the price of XLM over 0.43 USD, could be seen as a signal for upcoming relaxation and further growth.
Another indication of the possible continuation of the upward movement is the pattern of the Bollinger ligaments that indicate increasing volatility. The price broke the lower Bollinger band and is now moving towards the middle line. A sustainable movement over this line could trigger another purchase signal. On the other hand, a decline below $ 0.40 could indicate bear-market development, with the lower Bollinger band functions as important support at 0.37 USD.
The next important resistance zones for XLM are $ 0.50. If the price overcome this resistance, the price gains could accelerate, possibly up to $ 0.60. These brands are named by many analysts as the next price targets for XLM. At the same time, the relative strength index (RSI) of 53.80 indicates that there is still room for another increase before the market is overbought. A decrease in the 0.40 USD mark, on the other hand, could lead to a consolidation phase before a new upward movement begins.
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