XLM Shows Resilience as Competition in Digital Payments Sharpens

Stellar’s XLM is navigating a period of volatility while competition in digital payments intensifies. The token traded between $0.384 and $0.400 from Sept. 11 to Sept. 12 before settling at $0.393. A push to session highs faded as sellers reasserted control, underscoring the corrective trend in place.

At the same time, new player Remittix has entered the market, raising $25.2 million and rolling out an aggressive 15% USDT referral campaign. The move highlights growing rivalry in the cross-border payments arena, long dominated by Ripple’s XRP and Stellar’s XLM.

Yet analysts see potential for Stellar beyond near-term turbulence. Elliott Wave forecasts point to a possible 400% rally toward $1.96, which would bring its market cap to as much as $71 billion. Meanwhile, speculation persists that Ripple and Stellar could be exploring a joint infrastructure project using Zero-Knowledge cryptography to boost security and interoperability in global finance.