While many altcoins have been showing significant strength during the recent weeks, some accept been lagging. Ane of these coins is XRP (XRP), which is still hovering around fundamental support and has yet to bear witness any upwards pressure recently.

Exactly what is keeping XRP pinned under the descending trendline? Let'due south notice out through the charts.

Crypto market daily performance. Source: Coin360

XRP/BTC faces a ii-yr downtrend

XRP BTC 12-hour chart. Source: TradingView

The XRP/BTC chart shows the digital asset currently attempting to overcome the significant downward trendline. As of late, many altcoins have been breaking out of their downtrends and notable examples are Ethereum Classic (ETC), Cardano (ADA) and, even more recently, Icon (ICX).

Ripple seems to be lagging but could be in for a substantial motion besides.

XRP BTC 4-60 minutes chart. Source: TradingView

The four-hour nautical chart is showing a clear breakout of a 2-months downtrend. This breakout was retested a few days agone at 0.00002660 satoshis. Right now, XRP is facing the next big hurdle in the red expanse around 0.00002950-0.00003000 satoshis.

Breaking through this level will seemingly take off the cost towards the adjacent hurdle and mayhap trigger more investors to step into this coin. The next target is constitute in the 0.00003750 satoshis area.

Is XRP ready for a 180% motility?

XRP BTC 1-day chart. Source: TradingView

When looking at the daily XRP chart one can come across that in that location'south more potential upside to be attained.

The final time XRP broke such a tremendous downtrend, the cost rallied 180%. A similar breakout and move would lead towards a target zone of 0.00006600 satoshis. Information technology wouldn't be a surprise to run across such a move, equally XRP usually makes a swift jump in a few days, without any retrace.

As the chart is showing, the previous breakout in September 2022 led to a push of 180%, after which price stabilizes and doesn't make any higher highs.

The next footstep is to evaluate what signals the XRP/USD chart is flashing now?

XRP/USD breaks its 2-twelvemonth downtrend

XRP USD 2-24-hour interval chart. Source: TradingView

The XRP/USD pair is frontrunning the XRP/BTC pair as it already broke the 2-twelvemonth downtrend. However, does this provide a rationale for one to be bullish at this point? Slightly. Despite the recent progress, there's notwithstanding a big hurdle to tackle before real bullishness tin can begin.

The $0.30 resistance level (red horizontal rectangle) must first be broken. This level used to be a back up for a substantial time in 2022 and 2022 and now it needs to be broken through. If XRP can break above this level, a new rally is likely to occur towards the next resistance zone around $0.55.

XRP looks identical to January 2022

XRP USD 3-day chart. Source: TradingView

Many similarities tin can also be found between today's cost action and XPR'due south market place structure at the beginning of 2022. The same similarities are shown in the XRP chart. The price of XRP roughshod beneath the support in 2022. This breakdown led to a pregnant push of 200% and the breakout of a downtrend.

Later on this, the cost stabilized in a sideways range before the big surge at the terminate of 2022 started.

A similar move occurred in recent months on XRP. A breakdown of the meaning support of $0.xxx, leading to a drop to the side by side support level at $0.17. Quite remarkably, a similar downtrend is being tested right at present. Additionally, XRP is trying to go back into the range.

If a like move occurs, a rally towards $0.55 is on the tabular array and likely to happen after XRP breaks through $0.30.

Will Stellar Lumens follow XRP?

If XRP moves, then Stellar Lumens (XLM) usually follows. The XLM/BTC pair is showing signals similar to the XRP chart.

XLM BTC one-day chart. Source: TradingView

The XLM chart shows a cycle lesser in September, subsequently which a retest took identify in January 2022. This retest led to a rally towards 0.00000750 satoshis, which was a temporary resistance. The price stabilized in the blueish rectangle, which shows a successful S/R flip.

If buyers are stepping in and the momentum turns upwards, continuation towards 0.00000950 satoshis is a strong possibility to look for.

XLM BTC 4-day chart. Source: TradingView

The 4-solar day chart shows the full XLM bike since information technology kickoff listed. Stellar Lumens made a total retrace from the bull cycle in 2022 and establish support at that place.

The main similarity with XRP is the retest washed in January at this level; a confirmation that support is constitute at this level and buyers are stepping in.

Interestingly enough, there'south a massive gap in the chart. The first resistance of XLM against BTC is the 0.00000910 satoshis level. However, breaking above this level would imply a continuation of 0.00002050 satoshis every bit the next resistance — a move of more than 200% from the current cost level.

XLM/USD faces two-year downtrend

XLM USD 4-day chart. Source: TradingView

The XLM/USD nautical chart shows a significant 2-year old downtrend. Remarkably, support is found at the levels before the big surge of December 2022 and after that, the cost of Stellar Lumens surged from $0.04 to $0.065 and confirmed the support of $0.053.

What would occur if the toll of Stellar Lumens breaks through the 2-yr old downtrend? Continuation of the scarlet lines (on the chart) is probable to occur.

The first target zone from hither would be $0.09, but a move towards $0.187-0.19 is also on the table. Such a move would mean a surge of more than 200% from hither.

Is that unnatural to expect? Not at all as we've seen similar movements from other cryptocurrencies over the past week. A breakout of such a downtrend ofttimes leads to massive volatility and strong trend reversals.

The views and opinions expressed hither are solely those of the author and practice non necessarily reflect the views of Cointelegraph. Every investment and trading motion involves risk. You lot should bear your own research when making a determination.