Stellar (XLM) price has surged over 400% in the last 30 days, marking one of the most significant rallies in November. After reaching $0.63, its highest price since 2021, XLM now faces potential consolidation as its trend indicators show signs of weakening.

Despite this, the uptrend remains intact, supported by strong market interest and bullish sentiment. If XLM can regain its momentum, it may target $0.70 next, continuing its remarkable ascent.

XLM Current Trend Is Losing Its Strength

Stellar DMI chart indicates an ADX of 23.6, down significantly from over 40 just two days ago, suggesting weakening trend momentum. The ADX, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100 without indicating its direction. Values above 25 signal a strong trend, while values below 20 suggest a weak or no trend.

Although XLM price remains in an uptrend, the declining ADX reflects diminishing momentum, hinting at potential consolidation or a slowdown in the bullish movement.

With the positive directional indicator (D+) at 24.7 and the negative directional indicator (D-) at 14.9, XLM’s uptrend still shows a clear bullish bias. The higher D+ value highlights that buying pressure is currently outpacing selling pressure, supporting the continuation of the uptrend.

However, for the trend to regain strength, the ADX would need to climb back above 25, signaling stronger momentum. Until then, Stellar price may see more modest gains or a period of consolidation.

Stellar CMF Has Been Negative for 3 Days

XLM’s CMF currently stands at -0.16, marking a sustained negative trend since November 26 after being positive for four consecutive days. The CMF, or Chaikin Money Flow, measures capital inflows and outflows over a given period, with values above 0 signaling buying pressure and values below 0 indicating selling dominance.

A negative CMF value suggests that selling activity has outweighed buying, which could slow the current uptrend.

At -0.16, Stellar CMF indicates moderate selling pressure, potentially limiting its recent bullish momentum. While this value reflects a shift in sentiment, it remains less severe than more extreme negative levels seen during stronger corrections.

If the CMF trends further downward, it could signal a weakening uptrend and increase the likelihood of a price pullback. Conversely, if it returns to positive territory, it would reaffirm growing buying pressure and support continued price gains.

XLM Price Prediction: Can It Reach $0.7 In December?

Stellar price recently achieved $0.63, its highest price since 2021, showcasing impressive bullish momentum. XLM is up 433.84% in the last 30 days.

If the current uptrend regains strength, XLM price could retest this resistance level and potentially rise to $0.70, representing a 37% increase from current levels.

However, if the uptrend fails to sustain and selling pressure increases, XLM price could face a reversal. In this scenario, the token may test its key support at $0.41, a significant level to maintain its medium-term bullish outlook.

A failure to hold this support could signal a deeper correction and diminish the recent positive momentum.

The post Stellar (XLM) Price Return to $0.70 Could Be Postponed for Now appeared first on BeInCrypto.

Source link

Ripple’s XRP has flipped BNB to become the fifth-largest cryptocurrency by market capitalization. XRP’s market cap reached $99 billion on Friday, its highest in over three years. 

XRP is seeing strong bullish momentum, as the altcoin surged by more than 230% in November. 

Is XRP Price On-Route For a Historic Comeback?

Despite being one of the largest altcoins in the market, XRP has mostly underperformed in every bull market throughout the past three years. Ripple’s lengthy legal battle with the SEC has significantly impacted the altcoin’s market activity. 

However, long-term holders of the token are finally seeing a potential reward. Donald Trump’s re-election and his promise for regulatory clarity have generated notable institutional interest in the token.

The current SEC chair, Gary Gensler, has been a constant throne at the sight of Ripple. However, his resignation earlier this month generated optimism that Ripple could finally be out of the SEC’s crosshairs.  

This optimism has been reflected in the recent actions of major institutional investors. Last week, WisdomTree, one of the largest global asset managers, filed for an XRP ETF in Delaware. This was the third ETF application for XRP, as Bitwise and Canary Capital joined the race in October.

“Ripple is gearing up for major upgrades to the XRP Ledger, designed to enhance liquidity and draw in institutional investors. This increase in activity could direct hundreds of millions into XRPL tokens, especially in the DeFi sector.” influencer Brett wrote on X (formerly Twitter). 

If approved, an XRP ETF would attract more institutional funds to the altcoin and potentially drive its market demand. The same trend happened for BTC, as the approval of Bitcoin ETFs saw soaring institutional demand for the cryptocurrency. 

Most importantly, Trump’s administration will likely provide an optimal regulatory backdrop for cryptocurrencies in 2025. The president-elect has reportedly considered cutting the capital gains tax for all US-based cryptocurrencies, including XRP. 

It’s also important to note that Ripple’s CEO, Brad Garlinghouse, has actively donated to Trump’s campaign. Furthermore, he recently donated $25 million to the 2026 US midterms, even before Trump’s administration begins in January.

So, we will likely see a very pro-XRP regulatory scene in the US, which will potentially drive the altcoins demand. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Source link

Ripple (XRP) price has surged over 230% in the past 30 days, reaching its highest levels since 2018. The strong uptrend, supported by bullish indicators like RSI and CMF, suggests the potential for further gains.

If momentum continues, XRP could rise to $1.90 and even test $2, marking a 16% increase from current levels. However, if the trend weakens, XRP risks a correction to support levels at $1.21 or $1.05, representing a potential 39% decline.

XRP RSI Is Overbought, but the Uptrend Could Continue

Ripple RSI currently stands at 74.8, reflecting strong bullish momentum following its recent surge. The RSI, or Relative Strength Index, measures the speed and magnitude of price changes on a scale of 0 to 100. Values above 70 indicate overbought conditions and the potential for a correction, while values below 30 suggest oversold conditions and potential recovery.

Being above 70 places XRP in the overbought zone, signaling heightened buying activity and possible caution for traders.

However, historical trends show that XRP’s RSI has previously climbed beyond 70, often reaching levels as high as 80 or even 90 before corrections occur.

This indicates that despite being in the overbought territory, Ripple price could still push higher in the short term. If the current momentum continues, XRP may extend its rally further before any significant pullback occurs, making it crucial to monitor the RSI’s trajectory closely.

Ripple CMF Is Now Positive, but Not That High Yet

XRP CMF is currently at 0.08, reflecting a notable shift from nearly -0.10 just a day ago. The CMF, or Chaikin Money Flow, measures the flow of capital into or out of an asset based on price and volume over time.

Positive CMF values indicate net capital inflows and buying pressure, while negative values suggest outflows and selling dominance. The move into positive territory highlights growing confidence among buyers and supports the recent price momentum.

While a CMF of 0.08 is positive, it remains significantly below levels seen earlier in November, such as 0.30 and 0.20 during major bullish periods. This suggests that while buying pressure has returned, it is not yet as strong as during previous surges.

If CMF continues to rise, it could signal further growth for XRP price, with room for the uptrend to gain additional strength in the coming days.

Ripple Price Prediction: Can It Reach $2?

Ripple price is trading at its highest level since 2018, following an impressive 231.39% gain over the past 30 days. EMA Lines show XRP is currently in an uptrend. If that continues, XRP could reach $1.90, an 11% increase, and even test $2, marking a 16% rise.

However, if the uptrend weakens, XRP price could face a correction, with key support levels at $1.21 and $1.05. A drop to these levels would represent a potential 39% decline, highlighting the importance of maintaining bullish momentum to avoid a significant pullback.

The post Ripple (XRP) Price Can Reach $2 If This Happens appeared first on BeInCrypto.

Source link