Stellar (XLM) Gains Momentum as Institutional Interest Drives Price Recovery

Stellar’s native cryptocurrency, XLM, experienced notable volatility over the past 24 hours, fluctuating between $0.38 and $0.39, marking a 3% trading range before closing near session highs. After dipping to $0.38 early on October 8, XLM swiftly rebounded above $0.39, signaling strong buying pressure and investor confidence at lower levels.

Throughout the most recent trading hour, XLM once again displayed sharp intraday swings — briefly falling to $0.38 before bouncing back to $0.39. This rapid reversal highlights a robust recovery pattern and suggests that market momentum could continue upward as traders capitalize on price fluctuations.

Institutional engagement is playing a pivotal role in Stellar’s resilience. Open interest has surpassed $300 million, pointing to increasing participation from professional traders and funds. As an ISO 20022-compliant digital asset, XLM is strategically positioned for upcoming Fedwire and SWIFT payment system upgrades in 2025, reinforcing its potential role in future global financial infrastructure.

Technical data supports the bullish outlook. Volume analysis shows that trading peaked at 52.49 million during the 06:00 hour, nearly double the 24-hour average of 27.43 million, indicating heavy market activity and accumulation. Substantial buying interest was observed around the $0.38–$0.39 zone, with surging volumes confirming institutional accumulation during brief declines. These signals suggest strong support levels forming near $0.38, setting the stage for potential continuation toward the $0.40 resistance zone.

With sustained accumulation, renewed institutional attention, and a favorable technical setup, Stellar (XLM) appears poised for further upside, potentially benefiting from growing demand for