Last Sunday, U.Today reported that the price of the popular cryptocurrency XRP is about to drop. This collapse will be the worst since 2018, when it lost 85% in three months. This time it doesn't seem serious to him XRPbut there may be more damage than initially thought, as the Stellar token (XLM) is on the same path for its price.

Stellar and XRP have long been seen as competitors in the cross-border payments space. They have similar roots. Stellar was co-founded by Jed McCaleb, who also founded Ripple. They often compete for a share of the blockchain payments ecosystem, and as a result, XLM acts as a beta of XRP in terms of price action.

According to Bollinger Bands, after the significant rally in the past few weeks, the price of XRP reached a maximum at the upper band, and is now likely to fall back to the average.

For XLM, it's a similar story. The high of the upper range was reached and even broken at $0.6374, while the average, represented by the 20-day moving average, extends at $0.21. Something similar happened in 2021. At the time, it was XLM price It reached a high of $0.797 and then fell by 48.73% in just one week.

the Star symbol It has already seen a 40% decline over the past three weeks, and its price now stands at $0.386. Could we be heading towards another 45% decline? If we look at what happened in 2021, that might be the answer. But nothing is set in stone, and XLM's price performance will remain largely dependent on broader market trends rather than historical experience.