Understanding the XLM Breakout Potential

At present, Stellar XLM is trading at approximately $0.39, as observed in recent market activities. Despite a 3% daily dip and a 4% decline over the past week, the potential for a breakout is becoming evident. Over the past month, XLM has experienced a decline of 11%, contrasting with the broader crypto market, which has shown gains in August.

Crypto analyst Ali Martinez points out that, “Stellar $XLM still needs one more dip before the breakout to $1.” The formation of an inverse head and shoulders pattern supports this prediction, hinting at a possible trend reversal.

Key Technical Levels for Stellar XLM

The pattern indicates a left shoulder formed earlier this year, with a head emerging between May and June, and a right shoulder developing through August. Support is identified near $0.36, aligning with the 0.618 Fibonacci retracement level. A dip into this zone would complete the pattern.

If XLM descends below the $0.36 support, the subsequent level is around $0.33. On the upside, a neckline rests near $0.50, and a confirmed breakout could pave the way for targets at $0.62, $0.82, $0.94, and potentially $1.10, based on Fibonacci projections.

Market Indicators and Momentum

Currently, the Relative Strength Index (RSI) stands at 44, slightly below the neutral 50 mark, indicating weaker momentum without being oversold. A decline towards 30 would suggest heavier selling pressure, while surpassing 50 would hint at strengthening bullish momentum.

The MACD is also nearing a potential upward cross, with values showing consolidation in the market. This fading bearish pressure could be a precursor to a bullish trend if the MACD crosses upward.

Leverage in the Market and ETF Developments

According to Coinglass data, trading volume has decreased by 10% to $465 million, while open interest is down by 5% to $314 million. A recent short liquidation of $10K and a long liquidation of $1K suggest more pressure on short positions.

Moreover, a new development is the filing for the Canary American-Made Crypto ETF, which could significantly impact US-origin tokens like Stellar. Eric Balchunas noted, “Get ready for ETFs to try every combo imaginable,” highlighting the potential for increased institutional exposure.

In conclusion, while the Stellar XLM market remains volatile, the current technical patterns and market indicators suggest a potential for an impressive breakout. Investors should watch the critical levels and momentum indicators closely to capitalize on this opportunity.

The post Stellar XLM’s Amazing $1 Breakout: 5 Powerful Insights appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

One highlight of the week was US President Donald Trump signing the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. This significant move for the crypto and blockchain sector was witnessed by many key players in the industry, including high-ranking Republicans and an array of cryptocurrency company executives.

Another notable trend is the increasing use of cryptocurrency for everyday purchases and high-value transactions across various user groups. A report from Bitget Wallet indicates that Gen Z and Gen X users are leading the way in this trend, showing a growing interest in the practical use of crypto.

In other news, Dave Portnoy, founder of Barstool Sports, expressed regret over selling most of his XRP just weeks before it reached new annual highs. He lamented over potentially lost profits and expressed his disappointment in divesting from XRP.

Meanwhile, a Satoshi-era Bitcoin whale moved their remaining Bitcoin holdings to Galaxy Digital, adding to the massive Bitcoin transfer made to the asset manager earlier this week.

Moreover, President Trump is reportedly planning to sign an executive order that could potentially allow American retirement plans to invest in cryptocurrencies and other alternative assets.

As the week concludes, Bitcoin is trading at $118,281, Ether at $3,553, and XRP at $3.43 with a total market cap of $3.85 trillion.

Various memorable quotes from industry figures and predictions for Stellar’s XLM have also marked the week. Notably, Stellar’s XLM appears set for a 35% price rally, mirroring XRP’s recent surge.

However, the week also saw its share of concerns, such as the imprisonment of a former UK officer for Bitcoin theft during the Silk Road 2.0 probe and the mounting lawsuits against Michael Saylor’s company, Strategy. Furthermore, the IMF reported that El Salvador hasn’t purchased any new Bitcoin since signing a loan agreement in December 2024.

The post Stellar XLM Set to Soar, Trump Embraces Crypto, and More: Crypto News Roundup, July 13-19 appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Despite the weekend, the crypto markets were able to sustain the gains from last week and even showed signs of further ascension on Monday morning in Asia. Should the US inflation reports coming out this week prove to be positive, this upwards trend could potentially continue.

Just last week, former President Trump declared 30% tariffs on the European Union and Mexico, but the crypto markets seemed unmoved by this development. US stock futures, however, showed signs of nervousness, dipping slightly as an initial response to this latest batch of tariff letters from the White House.

Meanwhile, the start of the second quarter earnings season is imminent, and the July Federal Reserve meeting is just a fortnight away.

On Tuesday, the June Consumer Price Index (CPI) report will be released, one of the two main indicators of inflation relevant to policymakers, businesses, and consumers alike. This data, reflecting price trends, shapes consumer spending and sentiment and directly impacts the Fed’s rate decisions.

Experts predict that June’s CPI will increase by 0.23% to 0.25%, with persistent inflationary pressures, particularly in the energy sector and selected goods, due to tariffs. More inflation data will follow on Wednesday with June’s Producer Price Index (PPI). This report indicates the costs for producers and manufacturers, and measures the cost of producing consumer goods, hence influencing retail prices and serving as a leading indicator of inflation.

The Retail Sales report for June, to be released on Thursday, will provide insights into consumer spending on durable and non-durable goods and serve as a key economic health indicator.

The week will conclude with the release of July’s Michigan Consumer Sentiment Index and Inflation Expectations reports on Friday, which will summarize a monthly survey measuring consumer confidence and long-term inflation expectations.

Thierry Wizman, a global foreign-exchange and rates strategist at Macquarie Group, stated, “Investors have become more relaxed about the overall inflation outlook over the past few months. The market has not exactly shifted toward a disinflationary mode, but it’s certainly less anxious about inflation.”

The earnings season for the big banks will commence this week with reports from JPMorgan Chase, Wells Fargo, Morgan Stanley, and Goldman Sachs.

The total capitalization of the crypto market showed a slight increase on Monday morning, reaching $3.8 trillion, the highest level since mid-January. Bitcoin, which added an additional 1.7% and hit a new all-time high of $119,750 during the morning’s Asian trading session, primarily drove this rise. Ethereum managed to regain $3,000, while the altcoins were mostly in the green, with Stellar and Hedera making significant gains of more than 20%.

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XRP’s Case

Continuing our recent trend of seeking AI perspectives on trending cryptocurrency topics, we turned our attention to two of the hottest digital assets right now. XRP recently reclaimed its third place in market cap after a significant multi-month increase, while XLM surged by almost 90% within a week, reaching its highest price since January. Here’s what the AIs had to say about Ripple’s native token, XRP.

ChatGPT highlighted several factors that could potentially drive XRP to the top. These include large-scale partnerships akin to those recently established with major banks like SBI and Santander. The AI also pointed to the active use of RippleNet’s On-Demand Liquidity protocol, which gives XRP an edge over the competition. Furthermore, XRP is seen as a bridge asset for cross-border payments on an institutional scale, which could positively impact its future price movements.

The AI also mentioned the possible approval of spot XRP ETFs in the US as a significant advantage for Ripple’s token against Stellar’s XLM. It emphasized XRP’s “stronger retail community and higher visibility” along with its highly utilized ecosystem and technology department. Interestingly, ChatGPT was not alone in favoring XRP – Gemini, Grok and Perplexity shared similar sentiments.

Why Might XLM Lose?

While the AIs did not entirely discount XLM, they seemed convinced that XRP would outperform Stellar’s token this year. They noted that although Stellar has not been involved in any legal disputes like Ripple, it lacks “explicit regulatory clarity”, which hampers its progress. Furthermore, XLM doesn’t have the same level of “institutional legal defense or presence” and is not as visible as XRP. The AI chatbot also noted that XLM is “more focused on retail remittances and humanitarian aid,” which, while practical, are “smaller-scale use cases in terms of transaction volume.”

Although XLM saw a significant surge recently, it is less than 40% up this year as it entered 2025 at approximately $0.32. It remains 50% away from its all-time high, which was set in January 2018. In comparison, XRP’s YTD gains are similar (34%) as it entered the new year at $2.08 and is now just over $2.8. Its ATH was also set in January 2018 at $3.4, but XRP managed to match it this year. This could be seen as one of the few advantages XLM has over XRP, as it has more room for growth.

In conclusion, the AIs don’t see much chance for Stellar’s token to outperform XRP in 2025. As Perplexity put it, “Stellar (XLM) is likely to see steady growth but is not expected to match XRP’s performance unless it achieves a major breakthrough in adoption or technology.”

The post AI Insights on XRP and XLM: Which Cryptocurrency Reigns Supreme in 2025? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

In a recent post, crypto analyst Ali Martinez explains how the TD Sequential indicator works. Primarily, it’s a technical analysis tool used to identify potential reversal points in an asset’s price. The entire process involves two phases: setup and countdown.

The setup phase involves the counting of either red or green candles (indicating price movement) up to nine. These candles don’t necessarily have to be sequential. Once the ninth candle appears on the chart, the TD Sequential signals a potential reversal. The countdown phase begins after the setup, where candles are counted up to thirteen. Upon completion, another potential turnaround point is assumed.

The direction of the price post-TD Sequential signal depends on the colour of the candle that completes the phase. Green candles usually imply a forthcoming correction, while red ones indicate a bullish reversal.

Recently, XRP completed the setup phase of the TD Sequential on its 1-hour price chart, as depicted by the chart shared by the analyst. The pattern shows a setup completion with nine red candles, suggesting that XRP’s price may have reached a bottom and a bullish reversal might be imminent.

However, as this buy signal has appeared on a short timeframe (1-hour), the resulting price surge may not be very significant. It’s also interesting to note that XRP isn’t the only cryptocurrency showing a bullish setup; Stellar (XLM) also recently completed a buy setup, according to Martinez.

Currently, XRP is trading around $2.67, down 1% over the past week.

The post Ready to Invest in XRP? TD Sequential Indicator Gives a Green Signal appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Stellar (XLM) has made quite the splash recently, outperforming many of its altcoin counterparts. In an unexpected twist, Stellar posted an impressive 17% uptick in value, giving both investors and crypto enthusiasts cause for anticipation.

This spike arrives as a pleasant surprise for the crypto community, which has been wrestling with the whirlwind of market volatility and uncertainty in recent times.

Known for its emphasis on scalability and accessibility, Stellar has accumulated a dedicated user base comprising individuals and organizations seeking effective, inclusive financial solutions. But what elements are driving this extraordinary growth?

Market Dynamics and Technological Innovations Driving Stellar’s Ascent

Stellar’s recent surge is not only a display of the altcoin’s inherent strength, but it also mirrors the overall market’s positive momentum.

One significant influence on Stellar’s growth is the steady influx of potent upgrades and enhancements implemented by its developers. Stellar’s blockchain technology, celebrated for its speed and scalability, continues to evolve, reinforcing its standing as a dependable payment protocol.

Stellar developer Timer Weller shared on Twitter about the newly introduced overlay protocol. This innovation brings substantial scalability enhancements for Stellar, facilitating efficient deployment of Soroban smart contracts.

Scalability Upgrades: Propelling Stellar’s Expansion

The advent of the new overlay protocol within the Stellar ecosystem, as outlined by Weller, signifies a considerable achievement for the blockchain platform. This protocol allows Stellar to attain unprecedented scalability, paving the way for expansion and improved smart contract functionality.

Scalability remains a pivotal challenge for many blockchain networks, constraining their capacity to swiftly and efficiently process a large volume of transactions. However, with the overlay protocol in play, Stellar aims to surmount this barrier, offering a scalable infrastructure ready to serve an expanding user base.

By refining the underlying architecture, Stellar boosts its ability to process transactions more rapidly, all the while preserving the security and reliability that the network is known for.

(Note: This content is not intended to serve as investment advice. Investing involves risk. Your capital may be at risk when you invest.)

The post Stellar (XLM) Shines Bright, Marking a 17% Surge – Unraveling the Reasons appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Cryptocurrencies are additive to everything we’re doing at MoneyGram. From dollars to euros to yen and so on, MoneyGram enables instant access to over 120 currencies around the globe, and we see crypto and digital currencies as another input and output option. As a next step in the evolution of MoneyGram, we’re thrilled to provide our customers with access to a trusted and easy-to-use platform to securely buy, sell and hold select cryptocurrencies,

the MoneyGram CEO and Chairman Alex Holmes remarked.

MoneyGram’s goal is to provide cutting-edge money transfer services that strengthen social links throughout the globe. It is clear from today’s news that the company is committed to following through on this plan so that it may continue to provide the best possible service to its tens of millions of customers. MoneyGram is dedicated to enhancing consumer financial services throughout the globe by investing in new growth prospects and developing beyond its core businesses.

Because of the company’s existing agreement with Coinme, a regulated cryptocurrency exchange and API-driven crypto-as-a-service provider, users of the MoneyGram app may now buy, trade, and keep cryptocurrency. Since 2021, MoneyGram and Coinme have worked together to open hundreds of additional locations around the United States where customers may buy and sell bitcoin with cash.

As MoneyGram looks to expand into new areas in 2023, as global legislation allows, the number of cryptocurrencies available for purchase via the service will likely grow.

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EIP 1559 upgrade will cut down the supply of Ethereum tokens by destroying outstanding ETH each time users make a transaction on the network. Cryptocurrency experts expect that limiting Ether’s maximum supply will drive the price of the token higher, according to the source.

Ethereum is a network that has many other applications besides cryptocurrency. For example, these include DeFi, non-fungible tokens (NFTs), smart contracts, decentralized apps, and decentralized autonomous organizations (DAOs).

Recent large investments in Ether showed the interest of institutions in the altcoin market. Grayscale Investments purchased 243,519 ETH in February, along with buying other coins such as Litecoin and Stellar Lumens. Moreover, a Chinese AI-driven beauty app maker Meitu invested $22.1 million into ETH last week.

The total supply of Ether is infinite, and its total circulating supply is over 114.97 million tokens. Ether’s market cap is around $210 billion at the moment of writing, according to CoinMarketCap.com data.

ETH price is up over 8% in the past 24 hours and over 149% above its closing price on the last day of 2020. At the time of writing, the token is trading at around $1,814.

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Meitu is a company founded in 2008 specializing in AI-driven technologies for photo and video processing. They released several beauty apps and have a listing on the Hong Kong Stock Exchange since 2016. Years later, now Meitu apps have a large user following, both in China and internationally.

With the $40 million investment, the beauty app maker joined a number of companies that already invested in cryptocurrency. A month ago, Tesla revealed the purchase of Bitcoin worth $1.5 billion in the annual SEC filing. Shortly after, Square and MicroStrategy increased their Bitcoin investments, with these companies buying 3,318 and 19,452 Bitcoins, respectively.

Despite the Bitcoin hype among institutional investors, Meitu’s investment in altcoin Ether is also substantial. However, it is not the only company that invested in crypto other than Bitcoin. For instance, Grayscale Investments also recently purchased altcoins, including Ether, Litecoin, and Stellar Lumens.

The post Meitu shares rise by 14.4% after investing in crypto appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

ETH has seen about 5% growth in the past 24 hours and is trading at around $1,600 at the time of writing. Litecoin’s price has increased by about 7% in the past 24 hours and the coin is trading at around $195. Stellar’s price has increased by about 2.8% and it is currently trading at $0.43.

Grayscale is a company providing investment products for digital currency investing since 2013. Last week, it announced the interest in expanding its product offerings by considering 23 cryptocurrencies, as per a press release.  

Lately, interest in cryptocurrencies has been growing among institutional investors. Several large organizations either expanded their crypto holdings or purchased Bitcoin for the first time. Tesla invested $1.5 billion into Bitcoin while MicroStrategy’s total investment has already reached 90,859 BTC.  

Bitcoin is slowly recovering from the dip to around $44,000 on February 28. It is trading at about $52,300 at the time of writing.

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