Stellar Lumens (XLM) surges 20% as PayPal integration boosts utility

Stellar Lumens (XLM) has experienced a significant rally, breaking out of a prolonged downtrend and climbing sharply over the past week. The breakout began with XLM at $0.2986, supported by a 3.57% daily gain. By July 11, the price had surged to $0.3185, marking a 5% daily rise and projecting a potential upside of 97.76% from the breakout point. This breakout pattern signals strong bullish continuation and momentum, indicating the start of a bullish continuation phase.

Analysts forecast a 125.54% gain, targeting the $0.60 region, with resistance expected around $0.45. Key support remains near $0.25. Since the breakout began, the token has already run over 20% in profit. The rally was supported by a 131.4% surge in 24-hour trading volume, which reached $1.44 billion. The token’s market capitalization also rose 22.19%, hitting $11.29 billion, reflecting increased investor interest.

PayPal’s plans to expand its stablecoin, PYUSD, to the Stellar blockchain have also boosted Stellar’s real-world utility and adoption. This move, part of PayFi’s initiative, is pending approval from the New York Department of Financial Services (NYDFS). Stellar CEO Denelle Dixon said this integration will improve access to capital and global remittances in over 170 countries, strengthening the blockchain’s utility in digital payments.

With bullish momentum supported by both technical indicators and real-world use cases, Stellar Lumens remains in focus. If market volume remains strong and resistance levels are cleared, XLM may continue its upward trajectory in the short term. The integration of PYUSD on the Stellar blockchain is expected to further enhance its utility and adoption, potentially driving further price appreciation.