u.today
Stellar ($XLM) is on a bullish surge as altcoins in the broader digital asset market appear to have regained their bullish momentum. The $XRP rival has recorded significant investor interest, resulting in a trading volume spike of over 50%.
Stellar enters breakout territory amid volume surge
According to CoinMarketCap data, $XLM’s trading volume in the last 24 hours soared by 51.53% to $309.96 million. The massive uptick in investors’ interest has resulted in a significant price rise, which appears to have entered a breakout mode.
Within the same time frame, the $XLM price increased by 9.03% to change hands at $0.2725. The coin’s breakout from $0.2495 occurred rapidly, stunning hesitant market participants who were reluctant to place a bet on it.
$XLM’s rebound move could see the coin reclaim the $0.31 zone, which it slipped about 30 days ago. However, the community must sustain the current accumulation trend to achieve this.
The current bullish development has helped $XLM record a higher price increase than its rival $XRP, which recorded 8.48%.
This suggests that $XLM is gaining traction among market participants and investors alike. $XLM has always been compared with $XRP as both digital assets have intersecting utility in global payment services.
Strategic retail partnership adds fuel to rally
An analysis of the $XLM chart shows that the current gains have built up over the past seven days. For instance, the coin has increased in value by a significant 15.63% during this period as it quietly surged upward.
Meanwhile, Stellar and AEON Group, South Asia’s largest retail firm, recently announced a partnership in the broader financial market space. The move will see the deployment of blockchain payment infrastructure in the region.
AEON stores will start accepting $XLM payments in Malaysia in the second half of 2025. This development will likely increase demand for $XLM and its value.
$XRP is also seeking institutional adoption in Asia as it collaborates with HashKey Capital to launch a tracker fund for the token.