XLM Surges as Institutional Demand Boosts Stellar’s Recovery

Stellar (XLM) Rebounds Above $0.39 as Institutional Demand Supports Recovery

Stellar’s XLM token surged past $0.39 after a brief pullback, with increasing open interest signaling renewed confidence from institutional investors.

Over the past 24 hours, XLM traded between $0.38 and $0.39, experiencing a 3% intraday swing. After dipping to $0.38 early on Oct. 8, the token quickly bounced back, closing near session highs above $0.39. This recovery reflects strong buying activity and hints at sustained upward momentum.

In the final hour of trading, XLM demonstrated another sharp reversal, briefly touching $0.38 before reclaiming $0.39, underscoring a robust recovery pattern and suggesting potential continuation of the rally.

Institutional participation appears to be driving the token’s resilience. Open interest surpassed $300 million, highlighting active engagement from professional traders. XLM’s ISO 20022 compliance positions it strategically for upcoming Fedwire and SWIFT upgrades in 2025, strengthening its appeal for institutional investors.

Accumulation around $0.38 indicates that large buyers are capitalizing on temporary dips, while trading volumes confirm sustained interest in Stellar’s cross-border payment network. Consolidation near $0.40 suggests the market expects XLM’s recovery to continue, as payment-focused digital assets gain broader adoption.

Key Technical Observations:

Trading volumes spiked to 52.49 million in early-morning sessions, well above the 24-hour average of 27.43 million, confirming strong support.
Price support held firm at $0.38 during the dip, signaling institutional buying.
Volume surges during mid-day trading further validated accumulation at lower levels.
XLM closed near session highs at $0.39, reinforcing bullish momentum and suggesting potential upside in the short term.