Rally

2024

Stellar

In the ever-evolving world of cryptocurrency investments, technical analysis continues to play a significant role in shaping investor sentiment and market trends. Amidst the volatile landscape, one analyst, known as Charting Guy, has garnered attention for his bold predictions regarding the future of two prominent digital assets: XRP and Stellar (XLM). 
<h2 id="will-xrp-rally-melt-faces">Will XRP Rally “Melt” Faces?</h2> 
Charting Guy’s recent tweet has made waves, declaring that investors in XRP and XLM will soon witness “melting faces” as he identifies a potential $13 movement. This provocative statement underscores his confidence in the impending bullish surge he foresees for these cryptocurrencies. 
His analysis suggests a bullish trajectory for both XRP and XLM, despite prevailing market skepticism and prolonged periods of consolidation. While some market participants have labeled these assets as “dead coins” due to their lackluster performance in recent years, Charting Guy remains undeterred by sentiment-driven narratives, instead focusing on technical indicators and chart patterns. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$XRP</a> &amp; <a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$XLM</a> will melt faces very soon. 
 2 coins that have traded sideways or as some say, “done nothing” for 6 years.. 
 most people write them off as dead coins. 
 but, as a technical analyst, i don’t care too much about narratives or sentiment. 
 the charts tells the story. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 — Charting Guy (@ChartingGuy) <a href="https://twitter.com/ChartingGuy/status/1773046881800585328?ref_src=twsrc%5Etfw" rel="nofollow">March 27, 2024</a>
</blockquote> 
<h2 id="potential-breakout-in-the-offing">Potential Breakout In The Offing?</h2> 
According to the analyst’s examination, XRP and XLM have exhibited symmetrical triangle patterns, signaling potential breakout opportunities. These patterns, which have been forming over the course of six years, are among the largest formations Charting Guy has encountered, indicating significant potential for price movement. 
His projections indicate a breakout target for XRP within the range of $10 to $13, implying a substantial gain of up to 2,000%. Similarly, Charting Guy believes that XLM could follow a similar trajectory, reaching a target of $13. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-600893" src="https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490" alt="" width="1024" height="490" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490?w=1598 1598w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/a_90b041.png?resize=1024%2C490?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> Optimistic Long-Term Prospects For XRP And XLM 
While these short-term targets are ambitious, Charting Guy’s outlook extends beyond the current market cycle. He suggests the possibility of XRP reaching $38 in the future, although he acknowledges that this may not materialize within the next few years. 
Related Reading: <a href="https://www.newsbtc.com/news/shiba-inu-shib-slumps-as-whale-sell-off-dampens-momentum-details/"> Shiba Inu (SHIB) Slumps As Whale Sell-Off Dampens Momentum – Details</a> 
Nonetheless, he remains optimistic about the long-term prospects of both XRP and XLM, foreseeing a three-digit value for both assets within the next decade. 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/2qgV0rwU/" width="2475" height="1163"> 
His bullish outlook is not solely based on technical analysis but also takes into account the potential role of XRP and XLM in the emerging financial landscape. With the increasing adoption of central bank digital currencies (CBDCs) and the potential for disruption in traditional financial systems, Charting Guy believes that XRP and XLM are well-positioned to play a significant role in the future of finance. 
Featured image from Andrea Piacquadio/Pexels, chart from TradingView

XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’

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