Technical analysts in the cryptocurrency sector signal an optimistic future for XRP and Stellar Lumens (XLM), projecting substantial price ascensions for both digital assets. An anonymous expert known as Charting Guy has identified long-standing symmetrical triangle patterns in the trading charts of XRP and XLM, which he believes could result in a major uptrend.
Charting Guy Anticipates Stellar Performance
Despite XRP’s ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Charting Guy predicts the asset could reach between $10 and $13, a surge of 1,500 to 2,000 percent from its current price of $0.6198. This bullish assessment is based on the trend lines derived from the symmetrical triangle formation and the asset’s historical highs.
Charting Guy also observes that XLM mirrors the price pattern displayed by XRP, suggesting a correlation that supports his forecast. For XLM, the analyst sets a target of around $2.50, marking an over 1,700 percent increase from its present trading value of $0.1367.
In defense of these projections, Charting Guy maintains that XRP and XLM hold significant roles in the future financial framework, particularly as intermediaries for central bank digital currencies (CBDCs), underlining their potential for explosive growth.
Concordant Opinions from Other Analysts
Another analyst, Coins Kid, supports Charting Guy’s insights, advocating for a long-range perspective on investment timing and sharing confidence in the eventual rise of XRP and XLM. However, despite the enticing predictions, potential investors are reminded of the inherent unpredictability of the crypto market, necessitating a cautious and informed investment strategy.
