Institutional Activity Drives XLM Higher in Robust Market Rebound

Stellar (XLM) Recovers Above $0.39 Amid Rising Institutional Interest

Stellar’s native token, XLM, rebounded above $0.39 after a brief pullback, with growing open interest pointing to renewed confidence from institutional investors.

Over the past 24 hours, XLM traded in a tight range between $0.38 and $0.39—a 3% swing—before closing near session highs. Following an early dip to $0.38 on Oct. 8, the token quickly recovered, surpassing $0.39 by the end of the trading session, indicating strong buying support at lower levels.

Intraday movements highlighted pronounced volatility, as XLM briefly retreated to $0.38 before sharply climbing back above $0.39. This recovery pattern suggests robust momentum and hints at a potential continuation of the upward trend.

Institutional Activity Boosts Confidence
Open interest in XLM has surged beyond $300 million, reflecting growing engagement from professional traders and funds. As an ISO 20022-compliant cryptocurrency, Stellar is strategically positioned for the upcoming Fedwire and SWIFT network upgrades in 2025—a narrative bolstering institutional confidence in the token’s role in global payments.

Sustained accumulation around $0.38 demonstrates that large buyers are capitalizing on short-term pullbacks, while elevated trading volumes confirm renewed interest in Stellar’s cross-border payment infrastructure. Consolidation near $0.40 indicates the market’s belief that XLM’s recovery could extend further as payment-focused digital assets gain traction.

Technical Indicators Highlight Bullish Momentum

• Trading volume spiked to 52.49 million during the early hours of Oct. 8, well above the 24-hour average of 27.43 million.
• Support was firmly established in the $0.38 zone during the decline, with volume surges signaling institutional accumulation.
• Key support and resistance dynamics emerged around $0.38, setting the stage for continued upward momentum.
• XLM closed the session at fresh highs near $0.39, signaling a potential continuation of the recovery phase.