XLM could become a ‘rock star’: Peter Brandt
Oh, so now Stellar (XLM) gets to be a rock star? About time. Someoneās finally noticed it hasn’t been just awkwardly standing in XRPās shadow. Veteran trader Peter Brandt seems to think it’s about to have a ‘moment’. Bless him.
- Symmetrical triangle. Target price: $1.51, if it actually bothers to break out. š
Apparently, XLM is doing this whole symmetrical triangle thing. Honestly, charts are mostly just pretty lines people invent to justify their gut feelings, arenāt they? But, fine, the token’s inching towards a line, so⦠potentially exciting? Maybe? Donāt quit your day job.
- New leader. XLM outperformed XRP in July rally.
XLM actually did better than XRP in July. Which, I mean, is a bit like being the slightly less disastrous contestant on a reality TV show. They’re both kinda linked to Jed McCaleb, the guy whoās basically a crypto nomad. Itās all very⦠interconnected. š¤·āāļø
August: historically a tough month for Bitcoin
Bitcoin’s worst month is looming. Four days until we collectively hold our breath and see if BTC can defy its past, or just⦠you know⦠gently decline. Will it break the August curse? Iāve got a fiver on “decline”.
- Price history. BTC has closed August in the green only 4 times in the last 13 years.
August and Bitcoin? It’s not a love story. More like a really awkward blind date that always ends with someone paying the bill and pretending they had a good time. Over the last 13 years, it’s only been green four times. That’s⦠statistically depressing. š
- 8.5% return. Despite recent strength, August remains historically a bit of a downer.
CryptoRank says the average return is -8.3%. Ouch. Even in āgoodā years, like 2022 and 2023, it still dipped. Shocker. But hey, Bitcoin did have a little summer glow-up, gaining 30% in Q2 and 10.3% in July. So, maybe, just maybe⦠Donāt bet the house on it.
XRP reloading for next moveĀ
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After the rally. XRP has cooled to $3.17.
XRP had its little party, almost hit $3.70, then⦠cooled off. Like a teenager after too much sugar. But, apparently, this ācoolingā is actually good? The Bollinger Bands are doing a thing. They’re painting a picture. A blurry, ambiguous picture, but a picture nonetheless. šØ
Itās currently at $3.17, which, according to someone who understands charts, means it’s āreloadingā. Iām assuming that involves tiny crypto arms pumping miniature weights.
- Upward momentum. Price is hovering near the 20-day moving average
That middle line? Thatās the āheartbeatā. Apparently, if the price stays above it after a rally, good things happen. The upper bandās expanded to $3.79. Which, if you ask me, is just showing off. Letās see if it can actually *get* there. I’ll be over here, skeptically sipping my tea. ā
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2025-07-29 06:42