Stellar (XLM) Rebounds Sharply as Institutional Interest Fuels Recovery Momentum

Stellar's native token XLM experienced heightened volatility over the past 24 hours, fluctuating between $0.38 and $0.39 --- a 3% range --- before closing near session highs. After dipping to $0.38 early on Oct. 8, the asset mounted a swift recovery, regaining ground above $0.39 by the end of the period, suggesting robust buying activity at lower levels.

During the most recent hour of trading, XLM again demonstrated pronounced short-term swings, plunging briefly to $0.38 before rebounding sharply to reclaim the $0.39 mark. This intraday reversal underscores a strong recovery pattern, hinting at increasing market momentum and potential continuation of the upward trajectory.

Institutional activity appears to be reinforcing Stellar's resilience. Open interest has climbed beyond $300 million, reflecting rising participation from professional traders and funds. As an ISO 20022-compliant cryptocurrency, XLM is seen as strategically positioned for upcoming Fedwire and SWIFT upgrades in 2025 --- a narrative driving institutional confidence in the network's role in global payments.