Stellar’s XLM navigated a fleeting 24-hour trade session from September 11 to September 12, swung between $ 0.384 and $ 0.400 before closing almost $ 0.393. The token saw early strength and moved on to the heights of the session around $ 0.400, but sales of pressure in the last hours pushed prices back against support levels of $ 0.392. Market analysts note that this tendon session distribution activity emphasizes the corrective movement that has weighed on XLM despite its otherwise elastic performance.
The withdrawal coincided with increasing competition in the payment sector. New participant Remittix has launched with a 15% USDT referral incentive and secured $ 25.2 million in financing, tightening challenges to the established companies such as Ripple’s XRP and Stellar’s XLM. The aggressive marketing strategy highlights the intensification of rivalry in cross -border payments Arena, a sector that has long been dominated by these two tokens.
At the same time, some technical strategists look long -term upside down for XLM. Elliott Wave -projections suggest that the token could arrange a 400% -Rally against $ 1.96, one step that would place Stellar’s market value in the $ 60- 71 billion dollar range. The fact that prospects are related to wider adoption trends and the resilience of Stellar’s ecosystem when competition rams.
Adding to the market’s intrigue has a digital active researcher suggested that Ripple and Stellar can collaborate on a unified global financial infrastructure that utilizes zero-knowledge cryptographic protocols. While not confirmed, such a movement would represent a significant step in adapting blockchain networks to improve security, privacy and interoperability across global funding.
Technical Metrics evaluation
- XLM established a comprehensive $ 0.02 trading area representing 4% volatility spanning $ 0.38 to $ 0.40.
- Sustained Bullish Momentum maintained through the opening of 17 hours with 3% progress supported by increased volumer.
- Session Peak of $ 0.40 Obtained at midnight on September 12 before meeting technical resistance.
- Support Foundation established about $ 0.39 threshold containing the withdrawal over the course of closed seven hours.
- The last 60 minutes demonstrated Bearish pressure with falls from $ 0.39 to $ 0.39 confirming a wider corrective trend.
- Intraday summit of $ 0.39 at. 11:24 Prior to sharp reversing at $ 0.39 Resistance Limit.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
