XLM Maintains Support Levels While Payment-Sector Rivalry Escalates

Stellar’s XLM traded in a tight range from Sept. 11 to Sept. 12, fluctuating between $0.384 and $0.400 before closing at $0.393. Early gains lifted the token to session highs, but late selling pressure pushed prices back to support at $0.392.

The move came as new competitor Remittix entered the cross-border payments sector, raising $25.2 million and launching a 15% USDT referral program. Analysts say the aggressive strategy sharpens rivalry with incumbents like Ripple’s XRP and Stellar’s XLM.

Despite near-term volatility, technical forecasters see longer-term upside, with Elliott Wave models projecting a potential rally toward $1.96—implying a market cap of $60–$71 billion.

Unconfirmed reports also suggest Ripple and Stellar could be exploring collaboration on a global payments framework using Zero-Knowledge cryptography.