Is XLM’s $1.59 Dream About to Come True? 🚀💰

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Well, folks, it seems the XLM price has decided to throw a party in July, and it’s not just a small get-together. We’re talking a 75% surge over the past week and an astounding 86% jump in the past two weeks. That’s right, XLM is outshining many of the top dogs in the crypto world, and it’s not even wearing a fancy suit! 🎉

With a bunch of ecosystem upgrades on the horizon, a growing interest from big players, and experts who are practically giddy with optimism, XLM is looking more attractive than a beach in July. Even the experts are saying that the price action is turning heads and might just be on its way to a cozy $1.59. 📈

XLM Price Action Signals Strong Momentum

According to the latest data from XLM’s daily chart, the price has shot up by 35% in just 24 hours, hitting $0.4021 and touching a key resistance level that we last saw in early 2025. It’s like XLM decided to play a game of “break the ceiling” and is winning big time. 🚀

And if that wasn’t enough, the trading volume has spiked to over $2.73 billion, and the market cap is now a cool $12.50 billion. This is a clear sign that traders and investors are falling in love with XLM, or at least its price chart. 💕

A lot of this momentum can be traced back to the general market-wide optimism, especially after Bitcoin’s recent rally to an all-time high of $118K. But XLM isn’t just riding the coattails of Bitcoin; it’s got its own set of reasons to shine. 🌟

Protocol 23 Upgrade Triggers Bullish Sentiment

The upcoming Protocol 23 upgrade on Stellar’s Soroban smart contract platform is a big deal. It’s like a software update that promises to make your phone run smoother, but for a whole blockchain. The proposal will be voted on August 14, 2025, and if approved, it will bring optimizations to transaction execution and state management, making the network faster and more efficient. 🚄

But that’s not all. Stellar is also expanding its real-world applications, becoming a go-to choice for cross-border payroll thanks to its low fees, fast settlement, and programmable asset issuance. It’s like the Swiss Army knife of cryptocurrencies, but with a blockchain twist. 🛠️

And let’s not forget the institutional love. Franklin Templeton tokenized a whopping $446 million in U.S. Treasuries on Stellar, and PayPal’s PYUSD integration is driving demand for XLM. It’s like the cool kid in school that everyone wants to be friends with. 🤝

Oh, and did I mention that Stellar’s Total Value Locked (TVL) in DeFi hit an all-time high of $122.4 million in the last 24 hours? It’s like the network is on a winning streak, and it’s not showing any signs of slowing down. 🏆

Technical Indicators and Analyst Forecasts

Technically speaking, XLM has broken above a multi-year descending trendline that dates back to 2021. This has sparked what analysts are calling an “impulsive rally.” It’s like XLM decided to sprint to the finish line and didn’t look back. 🏃‍♂️

Analyst Javon Marks has identified $0.681 as the next resistance level, with the potential to extend to $1.2918 if the bullish pressure continues. But why stop there? ChartNerdTA recently shared a chart on X, showing a breakout from a flag formation. He predicts XLM could push even further, with $1.59 as a potential upside target in the coming weeks. 🚀

$XLM en route to $1.59

— ChartNerd (@ChartNerdTA) July 12, 2025

So, is XLM’s $1.59 dream about to come true? Only time will tell, but for now, it’s looking pretty promising. 🌟

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2025-07-12 16:52