Stellar (XLM) Climbs Past $0.39 as Institutional Activity Fuels Recovery
Stellar’s XLM token rebounded sharply, rising above $0.39 after a brief dip to $0.38, with strong institutional participation driving momentum.
Over the past 24 hours, XLM traded within a 3% intraday range, demonstrating resilience as buyers stepped in during pullbacks. In the final trading hour on Oct. 8, the token briefly dropped to $0.38 before recovering to session highs, highlighting a solid recovery pattern and potential continuation of the rally.
Institutional interest is strengthening XLM’s recovery. Open interest surged past $300 million, signaling active engagement from professional traders. XLM’s ISO 20022 compliance positions it strategically for upcoming Fedwire and SWIFT upgrades in 2025, enhancing its appeal for large-scale investors.
Sustained accumulation around $0.38 indicates that major buyers are capitalizing on temporary sell-offs, while trading volumes confirm renewed confidence in Stellar’s cross-border payment ecosystem. Consolidation near $0.40 suggests optimism that the token’s recovery could extend further as payment-focused digital assets gain traction.
Technical Highlights:
- Early-morning trading saw volumes spike to 52.49 million, well above the 24-hour average of 27.43 million, confirming strong support at $0.38.
- Price repeatedly tested and held $0.38, indicating robust buying interest.
- Volume surges during midday trading validated institutional accumulation at lower levels.
- XLM closed near session highs at $0.39, signaling sustained bullish momentum.
