Stellar XLM: 5 Catalysts to Watch for September Growth

The Stellar (XLM) price may be influenced by several developments in September, including user growth, with 1M new accounts added to the ecosystem, and a 2-year high in Stellar payments activity. The rollout of Protocol 23, also known as "Whisk," is expected to enable faster, cheaper, and smarter transactions, which may attract more developers and projects to Stellar. Additionally, government adoption and partnerships could play a significant role in shaping the XLM price trend this month.

The Stellar Lumens (XLM) price has shown significant bullish momentum, climbing 3% between September 1 and 2, 2025. This upward movement was accompanied by above-average trading volumes, breaking through the $0.37 resistance level [1]. The asset found support at $0.35 following a brief wave of selling pressure before consolidating in the $0.36 range.

Key exchanges Bithumb and Upbit will pause XLM deposits and withdrawals on September 3 to support the implementation of Stellar’s Protocol 23, also known as "Whisk" [1]. This upgrade aims to modernize network infrastructure and expand interoperability, aligning with the $460 million in tokenized assets already circulating on the network [1]. The upgrade is scheduled for a mainnet vote on Wednesday at 17:00 GMT, and if validators accept the protocol, Whisk will go live on the network [2].

Stellar's price has been influenced by several developments, including a 2-year high in Stellar payments activity and the addition of 1 million new accounts to the ecosystem [3]. The rollout of Protocol 23 is expected to enable faster, cheaper, and smarter transactions, which may attract more developers and projects to Stellar. Additionally, government adoption and partnerships could play a significant role in shaping the XLM price trend this month.

The technical outlook for Stellar remains mixed, with the XLM Open Interest (OI) showing a 2% rise over the last 24 hours but maintaining a declining trend in trading volume [2]. If these metrics remain muted, XLM could underperform at the launch of the Whisk upgrade. However, the recent rebound from the $0.3442 low on Monday marks a fresh recovery after three consecutive weeks of losses, and the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicate that the bullish momentum is gaining traction [2].

References:
[1] https://www.coindesk.com/markets/2025/09/02/stellar-lumens-gains-3-ahead-of-network-infrastructure-overhaul
[2] https://www.fxstreet.com/cryptocurrencies/news/stellar-price-forecast-whisk-upgrade-faces-muted-interest-amid-xlm-mixed-technical-outlook-202509030841
[3] https://www.okx.com/price/stellar-xlm