Institutional Activity Drives XLM Higher in Robust Market Rebound

Stellar (XLM) Rebounds Above $0.39 as Institutional Demand Boosts Momentum

Stellar’s XLM surged past $0.39 after a brief decline to $0.38, driven by renewed buying from institutional investors.

During the 24-hour trading period ending Oct. 8, XLM fluctuated within a 3% intraday range, dipping to $0.38 before bouncing back to session highs. The intraday rebound highlights strong market support and suggests potential continuation of the recovery trend.

Institutional activity is playing a key role. Open interest has climbed above $300 million, reflecting rising participation from professional traders and funds. XLM’s ISO 20022 compliance positions it well for upcoming Fedwire and SWIFT upgrades in 2025, further enhancing its appeal for large-scale investors.

Accumulation around $0.38 indicates that major buyers are stepping in during temporary pullbacks, while trading volumes confirm growing confidence in Stellar’s role in cross-border payments. Consolidation near $0.40 signals market optimism that the token’s recovery may continue as payment-focused digital assets gain traction.

Technical Snapshot:

• Trading volumes spiked to 52.49 million in early trading hours, well above the 24-hour average of 27.43 million, supporting $0.38 as a strong floor.
• The token repeatedly tested and held $0.38, confirming robust buying interest.
• Intraday volume surges validated institutional accumulation.
• XLM closed near session highs at $0.39, reinforcing bullish momentum.