Stellar’s Rise to $1: Cross-Border Payments and RWA Fueling Bullish Momentum

Stellar (XLM) is experiencing significant gains, driven by its focus on cross-border payments and Real World Asset (RWA) tokenization. These initiatives are boosting investor confidence, leading some analysts to project a potential surge towards $1. The current market momentum has fueled a 328% price increase in the past year, showcasing Stellar’s resilience against volatility and renewed interest in its payment solutions. 24-hour trading volume stands at $571.84 million, while the asset currently trades around $0.4336 with a market cap of $13.56 billion. Technical analysts highlight a bullish breakout pattern on the daily chart, suggesting potential for continued growth towards $0.97 if momentum sustains. Notably, the RSI remains above 60, indicating strong buying pressure, and holding above key support zones around $0.42 is crucial to sustain upward movement. Short-term resistance lies near $0.45-$0.47, with a potential breakout leading toward higher levels such as $0.52. However, failure to hold the $0.42 support could trigger a pullback towards the $0.38 range before resuming the uptrend.