Stellar (XLM) Price Prediction, Dec. 23: XLM Hints at a Comeback—But It’s a Tightrope Walk

Stellar (XLM), often pegged as XRP’s sparring partner, might just be gearing up for a price rebound—at least, that’s what some market insights are saying.

A well-followed crypto analyst has pointed to a buy signal on XLM’s daily chart, but there’s a twist to the tale. The signal comes from the TD Sequential, a technical tool that sounds fancy but essentially helps traders decide if an asset’s been pushed too far up or down.

Think of it as a weather forecast for candlesticks, giving hints on whether it’s time to jump in or wait out the storm. For now, XLM looks promising, per Coinfomania analysis, but only if it clings to its $0.33 support level like a rock climber on a ledge.

The TD Sequential presents a buy signal on the #Stellar $XLM daily chart, anticipating a price rebound if the $0.33 support level holds! pic.twitter.com/cVjNwJd4O8

— Ali (@ali_charts) December 23, 2024

The thing about that $0.33 Mark is that it’s not just a number on a chart. It’s what traders call a psychological and technical floor, basically the line in the sand. If it holds, it could spark fresh buying interest and potentially launch XLM higher.

But if it cracks? Well, let’s just say the market might not be so forgiving. These next few days could be make-or-break for Stellar’s bullish momentum.

XLM vs. XRP: A Rivalry That Won’t Quit

Stellar and XRP have been struggling for the spotlight for years, mainly because they both focus on cross-border payments and financial inclusion. The kicker? They share a common origin. Jed McCaleb, who co-founded Ripple, eventually jumped ship and started Stellar.

While XRP has cozied up to banks and big institutions, Stellar’s pitch is more grassroots—affordable financial services for people who don’t have access to traditional banking. Despite these differences, they’re often pitted against each other in the blockchain payments arena.

A Quick Market Snapshot

Right now, XLM is going for $0.360511, but analysts think it could increase by 63.42% to $0.587669 by January 2025. The sentiment? Neutral, according to technical indicators, though the Fear & Greed Index is tilting toward “greed” at 70. Over the past month, nearly half of XLM’s trading days were in the green, but volatility remains a bit wild at 11.29%.

Near-term projections suggest XLM might hit $0.381286 by December 26—a modest 5.47% bump from current levels. That’s a bit of a comeback after last week’s 12.47% slide.

Looking ahead to 2025, Stellar’s trading range could stretch between $0.335594 and $1.368913, with an average price of $0.741075. And if you’re an optimist, May might be the month to watch—it’s predicted to hit a jaw-dropping 278.61% above today’s price.

2024 and After: The Good, the Bad, and the Bearish

Closing out 2024, Stellar’s forecast shows it bouncing between $0.339193 and $0.381286, with an average price of $0.360835. That translates to a modest 5.47% gain—not too good, but not a loss either.

By 2026, though, the outlook dims a bit. Stellar might peak at $0.610926 in January, only to bottom as deep as $0.23292 by year-end. On average, it’s expected to trade around $0.360494, which isn’t exactly exciting.

Here’s the bottom line: The fate of XLM hinges on that $0.33 support level. If it holds, there’s room to be optimistic. If it doesn’t, well, you might need to prepare yourself for a risk management strategy. For now, Stellar’s journey is one to watch closely—it could either be a story of resilience or another cautionary tale for the books.

FAQs

1. What is the key support level for Stellar (XLM) to rebound?

The key support level is $0.33. If XLM holds this level, it could spark more buying and lead to a bullish recovery.

2. How high could Stellar’s price go in 2025?

Analysts predict XLM could trade as high as $1.368913 in 2025, with an average price of $0.741075.

3. What’s the difference between Stellar (XLM) and XRP?

While both focus on cross-border payments, XRP targets banks and institutions, while Stellar aims to provide affordable financial services to unbanked communities.