The XRPUSD and XLMUSD pairs are showing divergent trends, with XRPUSD moving sideways and XLMUSD trending downward, which is considered bullish. however we know these pairs move together. XLMUSD has formed a triangle pattern that is nearing its apex, suggesting a potential breakout by the end of March or early April. This squeeze indicates an imminent move, either to the upside or downside, for both pairs despite their current differences. While the exact direction remains uncertain, historical patterns suggest significant potential for growth. If XLM were to replicate its performance from the previous bull run, it could potentially reach at least $4. However, it's important to note that market conditions and regulatory factors may influence the outcome.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.