XLM struggled to hold gains in the latest session, bouncing between $0.384 and $0.400 before closing at $0.393. The token briefly hit resistance near $0.400 but retreated as selling pressure dominated late trade. Analysts flagged the reversal as part of the corrective phase weighing on Stellar.
The weakness coincides with fresh competition. Remittix, a new payments startup, has raised $25.2 million and is drawing attention with a 15% USDT referral program, directly challenging Ripple’s XRP and Stellar’s XLM.
Still, bulls remain optimistic. Elliott Wave projections see room for a 400% breakout toward $1.96, which would push Stellar’s market cap into the $60–$71 billion range—if adoption trends hold.
Traders are also watching speculation around a potential Ripple–Stellar collaboration using Zero-Knowledge technology to enhance global financial infrastructure. While unconfirmed, the idea is adding intrigue to the payments sector.
