XLM Surges 15.62% as Stellar Breaks Out, Ecosystem Growth and Binance Campaign Drive Momentum

Stellar (XLM) has experienced a significant price increase in the last 24 hours, with the XLMUSDT pair rising 15.62% to $0.2932 on Binance. This surge is attributed to a combination of technical and ecosystem factors: technical analysis indicates a breakout from a falling wedge pattern and renewed bullish momentum, while strong on-chain growth and recent ecosystem developments—such as Rain's support for Stellar and ongoing partnerships with MoneyGram—have reinforced positive sentiment. Binance's campaign highlighting low withdrawal fees and additional BNB rewards for XLM users has also contributed to increased trading activity and visibility.

Currently, Stellar is trading at $0.2932 with a 24-hour trading volume exceeding $240 million and a market capitalization of approximately $7.85 billion. The asset has shown a notable 14.40% weekly gain and remains among the top 20 cryptocurrencies by market cap.