XLM Gains 2.3% to $0.3314 as Payment Networks Drive Institutional Interest
The post XLM Gains 2.3% to $0.3314 as Payment Networks Drive Institutional Interest appeared on BitcoinEthereumNews.com.
Stellar Lumens (XLM) extended its recent rally, climbing from $0.3240 to $0.3314 over the 24-hour period ending October 28, marking a 2.3% gain. The breakout above the $0.3250 resistance level at 06:00 came on strong volume of 71.5 million, driving prices to an intraday high of $0.3383 before stabilizing near current levels. Trading activity peaked at 190.5 million during the European session — a level consistent with institutional participation — as price action consolidated above the breakout zone. The bullish setup remains intact despite short-term volatility, supported by a clear ascending structure of higher lows from $0.3219 to $0.3314. While XLM briefly pulled back from $0.333 to $0.331 amid selling volume of 11.8 million, the stabilization near the $0.3315 support level suggests continued accumulation. Beyond the charts, institutional sentiment continues to strengthen. At SWIFT’s SIBOS conference, analysts highlighted Stellar’s growing role in next-generation payment system adoption, underscoring the network’s potential to bridge traditional finance with real-time blockchain settlement. XLM/USD (TradingView) Technical analysis Support / Resistance: Primary support established at $0.3315 Resistance targeting $0.335 retest zone Volume Analysis: 190.5M peak volume during the European session Confirms institutional participation in the breakout Chart Structure: Ascending pattern with higher lows from $0.3219 → $0.3314 Structure remains intact despite recent pullback Targets & Risk Management: Upside target: $0.335 resistance zone Stop-loss: Below $0.3240 breakout level Favorable risk/reward setup for continuation higher Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/10/28/xlm-gains-2-3-to-usd0-3314-as-payment-networks-drive-institutional-interest
Filed under: News - @ October 29, 2025 9:28 am