XLM Edges Higher 2.6% to $0.25 as U.S. Bank Tests Stablecoin Pilot

USB +0.08%

Stellar’s XLM posted steady gains through Tuesday’s session, extending momentum from a banking-driven catalyst.

The token traded in a tight $0.0132 range, reflecting 5.4% intraday volatility, with its primary advance beginning Monday at 15:00 UTC on unusually heavy volume of 38 million tokens. Overall trading activity ran 45% above the 24-hour average of 21.7 million, pushing XLM cleanly through the $0.2460 resistance level.

The rally aligned with reports that U.S. Bancorp – the fifth-largest U.S. bank by assets – selected Stellar’s blockchain for institutional stablecoin testing.

Volume patterns reinforced the move, with the 07:00–09:00 UTC breakout block showing clear signs of institutional participation and pullbacks holding above rising support levels.

Late-session price action capped the advance, with XLM jumping from $0.2495 to $0.2522 in the final hour on volumes topping 850,000 tokens. A rapid 13:37–13:42 UTC thrust confirmed the breakout above the $0.2500 psychological level.

Support/Resistance: Primary support holds at ascending trendline connecting overnight lows, resistance cleared at $0.2500 with cycle high target at $0.2556.

Volume Analysis: Monday's 38.0M surge ran 45% above averages, confirming institutional flows coinciding with banking catalyst.

Chart Patterns: Ascending trend structure shows controlled consolidation indicating accumulation over speculative activity.

Targets & Risk/Reward: Immediate target at $0.2556 cycle high with support maintained above $0.2495 breakout level.

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