Famous trader Peter Brandt recently shared his latest analysis and prediction about Stellar (XLM). This altcoin has been one of the best-performing currencies in July and has attracted attention due to an interesting correlation with XRP.
Peter Brandt believes that XLM has strong price appreciation potential. However, other analyses also warn that short-term traders may face losses as the altcoin's Open Interest reaches an all-time high.
Peter Brandt suggests XLM could surge strongly when XRP reaches a new ATH
With a cautious tone, Peter Brandt noted that XLM could increase in price but emphasized that certain conditions must be met.
"The chart with the most potential for a significant price increase could be XLM. XLM MUST maintain above the April low and MUST close decisively above $1. Until then, this chart will remain limited in scope," Peter said.
XLM price analysis and prediction. Source: Peter Brandt.The price range Brandt mentions is quite broad. The April low is $0.20, while the important resistance level is $1. However, in his chart analysis, he suggests that if XLM closes a monthly candle above $1, it could rise to $7.20.
This scenario would push the altcoin's market capitalization above $200 billion.
A strong technical foundation supports this price increase scenario. The price has formed an ascending triangle pattern since 2018, combined with a long-term cup and handle pattern starting from 2021.
A previous BeInCrypto report highlighted the unusual correlation between XRP and XLM. Recently, XRP reached a new all-time high at $3.65. Based on this, analysts see grounds to expect XLM might follow with its own new ATH.
However, risks for XLM traders have also increased. Open Interest has reached an all-time high of nearly $600 million. Short-term traders using high leverage could suffer significant losses if XLM becomes volatile at this stage.
Stellar (XLM) gains momentum from multiple positive developments in July
Fundamentally, Stellar recently announced the Protocol 23 Upgrade Guide for Stellar Core. This is an important step towards broader network upgrades and improving ecosystem scalability. The Mainnet vote is expected to take place on 08/14/2025.
"Protocol 23 is here. All smart contracts become faster and cheaper," Build on Stellar declared.
Additionally, PayPal's PYUSD stablecoin plans to integrate with Stellar, enabling global money transfers at low costs. THORWallet now also fully supports Stellar Lumens, allowing users to send, receive, hold, and swap XLM directly through a secure mobile DeFi app with multisignature security and organizational level.
According to RWA.xyz, Stellar currently holds over $445 million in total tokenized real-world assets (RWA). Most of these assets are managed by Franklin Templeton and Circle.
At the time of writing, XLM is trading around $0.50, up 120% since the beginning of July.
