Renowned trader Peter Brandt recently shared his latest analysis and predictions for Stellar (XLM). The altcoin has been one of the top performers in July and has drawn attention due to its curious correlation with XRP.
Peter Brandt believes that XLM has strong upside potential. However, other analyses also warn that short-term traders could face losses as the altcoin’s Open Interest reaches record highs.
Peter Brandt Suggests XLM Could Rally Strongly Amid XRP Hits a New ATH
With a cautious tone, Peter Brandt stated that XLM could rally but emphasized that certain conditions must be met first.
“Potentially the most bullish chart of all belongs to XLM. XLM MUST MUST remain above Apr low and MUST MUST close decisively above $1. Until then this chart will remain range bound,” Peter said.
XLM Price Analysis and Prediction. Source: Peter Brandt.
The price range Brandt refers to is quite broad. The April low sits at $0.20, while the key resistance level is $1. However, in his chart analysis, he suggests that if XLM closes a monthly candle above $1, it could rally all the way to $7.20.
This scenario would push the altcoin’s market capitalization above $200 billion.
A strong technical foundation supports this bullish case. The price has formed an ascending triangle pattern since 2018, combined with a long-forming cup-and-handle pattern that started in 2021.
A previous report by BeInCrypto highlighted the odd 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 a new all-time high of its own.
However, risks for XLM traders have also increased. Open Interest has hit an all-time high near $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
On the fundamental side, Stellar recently announced the Protocol 23 Upgrade Guide for Stellar Core. This marks a major step toward broader network upgrades and improved ecosystem scalability. The Mainnet vote is scheduled for August 14, 2025.
“Protocol 23 is here. All smart contracts get faster and cheaper,” Build on Stellar declared.
Additionally, PayPal’s PYUSD stablecoin plans to integrate with Stellar, enabling low-cost global transfers. THORWallet now also fully supports Stellar Lumens, allowing users to send, receive, hold, and swap XLM directly through a secure, mobile DeFi app with multisig and institutional-grade security.
According to RWA.xyz, Stellar currently accounts for 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.
