Stellar Moves Lower to $0.3123, Declining 0.4% on Partnership Update -

Primary support: $0.3027, confirmed by high-volume test
Resistance: $0.3147 (double-top formation), secondary barrier at $0.3160

Stellar (XLM) Slides to $0.3123 as Double-Top Reversal Signals Short-Term Weakness

Stellar (XLM) edged lower on Tuesday, declining from $0.3137 to $0.3123 in the 24-hour session ending Oct. 23 at 14:00 UTC. The token traded within a $0.0132 range (4.2%), indicating volatile yet range-bound activity.

A significant 62.1 million token volume spike—around 180% above the 24-hour average—at 21:00 UTC on Oct. 22 triggered a selloff from $0.3081 to key support at $0.3027, establishing the lower boundary of XLM’s current trading range.

Although XLM briefly recovered toward $0.3160, a double-top pattern at $0.3147 signaled exhaustion. Renewed selling pressure in the final trading hour pushed the token below $0.3131, confirming short-term weakness and range-bound momentum.

Market sentiment also reflected reports of a partnership between Ripple and Stellar, emphasizing payment and humanitarian use cases. Analysts highlighted collaboration with the International Rescue Committee, with Ripple focusing on donation services and Stellar delivering cash through its Aid Assist program.