On the 22nd of September, Stellar [$XLM] surged 6.84%, pushing the token back toward $0.22 after weeks of subdued price action. The move gained strength after buyers reclaimed $0.2000 and entered the $0.2020–$0.2075 demand zone.
Instead of another rejection, buyers used this zone to push $XLM past $0.2075 toward $0.2200. The price movement was even more significant since the zone was where the breakout occurred in August.
The zone retested successfully, indicating buyer interest is building for an area that had strong previous participation. Moreover, volume increased during the recent price rise, which added credibility to the breakout and indicated broadening investor participation.
However, $XLM is trading down towards $0.2118 at press time, so it is very likely that the reclaimed zone will be tested again. If $XLM can hold above $0.208, then the uptrend will still be intact, and there may be another test of $0.2227.
Conversely, losing it may open a path back toward the $0.180–$0.185 zone.
Stellar’s liquidity fuels RWA growth
Beyond $XLM’s price action, its expanding on-chain liquidity demonstrates why a wider range of financial activities are flowing onto the network. Stellar’s stablecoin market capitalization stands past $900m, enabling further liquidity for settlement and payment.
More importantly, rather than merely holding this capital, users have moved the capital. Stablecoin transfers have averaged an amount of $8.94 billion during a period of thirty days, with more than nine times the total outstanding supply being transferred.
This level of turnover indicates there are repeated settlement flows occurring throughout the liquidity base of the network.
Similarly, this increase in use is evident in tokenized assets as well. RWA value has now reached $3.33 billion. Users who hold RWA have grown by 10.23%, reaching 21,124 as of writing, and transaction volumes have been averaging an amount of $542.41 million.
This growing activity strengthens Stellar’s role in payments and tokenized finance, giving $XLM a busier network foundation beyond speculation.
Can $XLM hold the breakout?
Meanwhile, the move remains smaller than the earlier 44% surge from $0.1550 in August. This shows the latest rally still has room to match the previous leg’s scale, but only if buyers overcome $0.2227.
Clearing $0.2227 opens the path toward the broader $0.235–$0.260 overhead supply zone. However, testing this upper range represents trend continuation rather than true price discovery, with significant historical resistance sitting higher up.
Therefore, traders should treat a $0.2227 break as trend continuation, not a breakout into new territory. $XLM remains below its roughly $0.93 all-time high, leaving substantial historical resistance above.
Final Summary
- Stellar rebounds toward $0.22 as network liquidity and RWA activity grow.
- $XLM needs to clear $0.2227 to keep the rally moving higher.
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