XLM is lagging behind XRP in terms of price action. You can call it the little brother of XRP.
XRP consolidated in a similar channel and then broke out with a 50% pump.
I expect XLM to rally hard once it breaks this channel. The price action and volume show that buyers are interested.
My bias is bullish on this price action. Not sure why XRP and XLM are bullish in the current market conditions, but I am not here to judge, but rather to analyze the price action.
XLM looking quite decent here, but watch for a possible rejection again at the key resistance level.
Like and follow if you liked my idea!
XRP consolidated in a similar channel and then broke out with a 50% pump.
I expect XLM to rally hard once it breaks this channel. The price action and volume show that buyers are interested.
My bias is bullish on this price action. Not sure why XRP and XLM are bullish in the current market conditions, but I am not here to judge, but rather to analyze the price action.
XLM looking quite decent here, but watch for a possible rejection again at the key resistance level.
Like and follow if you liked my idea!
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