- XLM surged nearly 6% in 24 hours, becoming the top gainer among the top 20 cryptocurrencies, fueled by renewed investor interest and PayPal’s integration news.
- PayPal plans to launch PYUSD on the Stellar network, aiming to bring fast, low-cost stablecoin payments to over 170 countries, with added tools like PayFi for real-time business financing.
- Technical analysis shows strong support around $0.385–$0.387, with heavy trading volume and bullish momentum suggesting XLM could be gearing up for another leg higher.
PayPal’s PYUSD Launch Could Be a Game-Changer for Stellar
Stellar’s recent breakout isn’t just price action—it’s powered by real utility. Earlier this week, Ian Burrill from PayPal dropped a quick video walking through why they’re choosing Stellar for the next phase of PYUSD. The plan? Bring stablecoins to 170+ countries, real-time, low-fee, and cross-border. Stellar’s been quietly building for this, with on/off-ramps, local wallets, and a payment-friendly setup already in place. And it’s not just about payments either. PayPal teased a new financial tool called “PayFi” that could let small businesses access instant funding in PYUSD via the Stellar network. It’s a bold move—and markets are reacting accordingly.
XLM Tops Crypto Charts With Biggest 24H Percentage Gain
In a sea of green, Stellar (XLM) stood out. Over the past 24 hours, it surged nearly 6% to $0.388, touching a high of $0.4095 before easing off. That spike made it the top gainer in the top 20 by market cap—an impressive feat on a day when Bitcoin itself was breaking records above $118K. But this wasn’t a fluke. The rally came after PayPal’s Stellar integration news made the rounds again, re-igniting bullish sentiment. Trading volume exploded, with XLM clocking over double its usual 24H activity. Momentum like this usually isn’t random—it’s narrative plus liquidity, and XLM’s got both.
Technical Signals Point to More Upside for XLM
Price charts don’t lie, and XLM’s recent action is full of clues. From $0.345 to $0.416 in just 24 hours? That’s nearly 21% volatility, and it wasn’t all noise. Volume spiked hard during two key windows—first around 01:00 UTC, then again just after 16:00 UTC, where XLM pumped from $0.374 to $0.385 in minutes. That kind of movement, especially on high volume, usually screams institutional or coordinated trading. Support now appears firm in the $0.385–$0.387 zone, with resistance just above $0.40. If Bitcoin keeps pushing and the Stellar narrative holds, we might be looking at another leg up soon.
