Stellar (XLM) breaks out and rises by 9%

The price of Stellar (XLM) jumps nearly 9% today, reaching $0.43. The project is staging a solid comeback after weeks of downward movement. Traders and analysts speak of a trend reversal, which also seems to be confirmed on the chart.

But it’s especially the PayPal news that’s igniting fireworks.

XLM price breaks out of downward pattern and tests new resistance

Stellar has finally broken through the long-standing downward trendline. After breaking above $0.36, the technical outlook suddenly became much more positive. The price even spiked briefly with a 16% gain within 24 hours before cooling to $0.428.

The resistance around $0.419 is now an important level to hold. If it holds, many traders are eyeing the next target at $0.45. Support lies at $0.370, followed by a stronger zone at $0.346 in case of a correction.

Also notable: 24-hour trading volume is over $2.4 billion, significantly higher than normal, indicating strong market interest.

Major catalyst: PayPal’s PYUSD coming to Stellar

What really caused a stir is the news that PayPal will launch its own stablecoin, PYUSD, on the Stellar network. This expansion is part of PayFi, the international payments platform PayPal is developing for fast, low-cost transactions in over 170 countries.

The launch is still awaiting approval from New York’s financial regulator (NYDFS), but the market is already reacting enthusiastically. The fact that such a major player is choosing Stellar is seen as confirmation of the network’s technological strength.

Investors are withdrawing XLM from exchanges

In addition to the rising price, there is also increasing outflow of XLM from exchanges. That usually means investors are moving tokens to private wallets. This behavior signals long-term confidence and reduces short-term selling pressure. A classic bullish indicator.

The combination of a technical breakout, fundamental news, and growing investor interest is fueling optimism. For now, Stellar seems fully back in the spotlight.