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Stellar Lumens XLM price has seen a significant surge in its price, driven by increasing institutional interest, strategic partnerships, and growing market speculation. Currently, XLM is trading at $0.47, reflecting an 11% daily increase and a 120% rise since November 2024.

What’s Fueling XLM’s Price Surge?

1. Growing Institutional Adoption

Stellar has been gaining traction in the financial sector, with major institutional partnerships boosting its credibility. Mastercard has integrated Stellar’s blockchain into its Crypto Credential program, while Franklin Templeton has adopted Stellar for asset tokenization. These high-profile collaborations enhance the real-world use cases for Stellar’s technology, increasing investor confidence in XLM’s future potential.

2. Speculation on X Payments Platform

A significant factor driving XLM’s price rally is the speculation surrounding X Payments, a new payment platform rumored to be connected to Elon Musk. If Stellar’s blockchain is chosen to power this platform, it could lead to widespread adoption and a surge in demand for XLM. The speculation has resulted in a 28% increase in XLM’s price, fueling optimism in the market.

3. Strong Technical Indicators

XLM has broken through key resistance levels, and technical analysis suggests that the token could reach new price targets of $0.63, $0.78, and $1.05. Should the current momentum continue, XLM may approach its all-time high of $0.93, last seen in 2018.

What’s Next for XLM?

With growing institutional support, market speculation, and positive technical indicators, XLM’s future looks promising. However, the volatility of the cryptocurrency market means investors should remain cautious. If Stellar continues to secure new partnerships and expand its use cases, XLM could continue its upward trajectory, potentially reaching new price milestones in the coming months.