A few days after xlm/xrp hit an all-time low of 0.181 yuan, the price of xrp, a key competitor meant by the relativity of Xinghe high-tech shares, rebounded by 15%.

In particular, XLM/XRP is higher for the intraday trading that rose to 0.20 XRP on March 31, just as Stella and XRP are pegged in the US dollar sales market. XLM shares, for example, have risen more than 11 per cent since march 29th, while XRP has fallen by 3 per cent.

The price of XLM increased by 10% compared with XRP in April.

Over a wider period of time, XLm has fallen 89 per cent from its peak of 1.655 in January 2021. Interestingly, the peak period will be filed with the Foreign Securities and Exchange Commission. Ripple is suspected of selling securities with XRP tokens for a month.

The case of SEC v. Ripple has come to an end, and experts and scholars have successfully applied Ripple.

In addition, XLM renewed its continued decline against XRP, although it is likely to rebound in April.

On the daily chart, the continuous recovery of the XLm/XRP index stems from its several-month downward trend line pressure level, which constitutes a downward trend, as shown below.

At this stage, the foreign exchange currency is expected to distort the XRP friction zone of 0.198-0.207 to support 0.22XRP in April, up 10 per cent from the current price.

XLM seems to have risen as much as the dollar.

In March of this year, the price of gold rose more than 25% to $0.113, a four-month high. XLM is preparing for a possible short-term price correction in the first week of April, after which it will bounce back to a new record for the year.

The key to the prospect of such a rising market lies in a classic technical approach known as the cup handle. When prices experience a U-shaped rebound, that is, a cup-shaped rebound, followed by a horizontal consolidation period, that is, a return value, this shape will be formed, all under a consistent pressure level called the neckline.

In addition, when the price breaks through the collar and rises to the distance between the bottom of the cup and the collar, it disappears.

In particular, XLM has been making similar cup handles since November 2022. The XLm/ dollar entered a breakthrough in this model during the price boom in March and now has an overall target of more than $0.131.

Even so, XLM's daily relative strength index has entered the overbought area above 70, indicating that the first week of April is entering a horizontal consolidation or pullback phase. Coincidentally, the price of the XLm is likely to be adjusted back to the neck line of about $0.095, down 12% from the current level.

Ideally, traders see this adjustment as a way to analyze the breaking strength of the cup handle. Therefore, when the gold price rebounds from the neckline and the trading volume increases, the breakthrough scenario will be determined.

Conversely, if the price closes through the neckline and the trading volume increases, it is likely to invalidate the cup handle breakthrough hypothesis.