Stellar (XLM) has surged more than 40 percent on news it was adopted for the Depository Trust & Clearing Corp (DTCC) securities tokenisation project, focusing market attention on the possibility of a lagging rise in XRP.

The Crypto Basic, a blockchain media outlet, reported on May 30 that a cryptocurrency analyst, CryptoInsightsUK, raised the possibility of a breakout, saying XRP shows a liquidity structure similar to Stellar, which has surged recently.

XLM rose to as high as $0.29 after DTCC said it selected the Stellar blockchain for its securities tokenisation project, before pulling back to around $0.25. The move is also drawing attention to XRP, which is often assessed as having a similar price pattern.

CryptoInsightsUK noted that XRP and XLM generally move together, but that XLM often sets the direction first and XRP follows. Citing a rally in November 2024, he said XLM broke out of its trading range first, while XRP tested key resistance around Nov. 11 but a full rise began around Nov. 16 or 17. He added that a resistance band that had weighed on XRP for months was not decisively cleared until around Nov. 28.

He drew a line between the two, saying the current XLM rise does not mean an immediate surge in XRP. He argued, however, that XLM strength could be an early signal showing the possibility of a breakout in XRP.

He cited liquidity structure as the core basis. CryptoInsightsUK analysed that large liquidity has built up above the current price while XRP traded sideways in a narrow range for a long period. Some liquidity also remains below, leaving open the possibility of a decline toward $1.22, but he saw the bigger opportunity on the upside. Pointing to liquidity clusters around $1.70 and $1.80, he forecast that if XRP enters that zone, the uptrend could strengthen.

He assessed that XLM’s structure just before its spike was similar. XLM also had significant liquidity above price before the rally, with some liquidity remaining below. He said the overall liquidity placement was similar to XRP’s current setup. He added that while XLM had no clear large liquidity zone up to around $0.40, XRP differs in that liquidity is broadly distributed across higher price levels.

He said that when asset prices enter areas with concentrated liquidity, upward or downward moves often accelerate. He also analysed that a significant portion of XRP’s upper liquidity may have come from short positions. If prices rise, short sellers would need to buy back XRP to close positions, a process that could add upward pressure.

He said the upside is not entirely clear. He mentioned a liquidity gap between $1.90 and $2.40. Even so, he judged that more liquidity has accumulated above XRP than above XLM before its breakout, and that with a strong catalyst, XRP could pass through that zone quickly.

He also offered a price outlook. He said XRP could return to at least around $3.60. He added that if certain figures marked on his chart are not the result of an API error, XRP could also reach the $4.20 to $4.30 range.

The market is focusing on XLM’s tendency to lead and on upper liquidity in XRP as the key points of the analysis. The next point to watch is whether XLM’s surge ends as a one-off driver or develops into a move that spreads to XRP.

After seeing what we’ve seen for stellar:native recently. This is what I think comes for $XRP. https://t.co/j5Oa88ezvT pic.twitter.com/oB066WZgyb