XLM Eyes $0.45 Breakout on Protocol 23 and RWA Gains
Stellar’s native token XLM has attempted four times since June to break its key resistance at $0.45, currently trading around $0.36. Analysts note repeated rejections may lead to resistance fatigue, potentially easing upward pressure on the price. Strengthening fundamentals support a bullish outlook: the upcoming Protocol 23 upgrade promises faster, more scalable transactions, while real-world assets (RWA) adoption on Stellar now exceeds $460 million. A daily close above $0.40 with strong volume could trigger a move toward $0.45; success may open the path to the next hurdle at $0.64. Conversely, failure to clear resistance could push XLM back toward $0.32, the recent support zone. Technical indicators show a death cross on short timeframes, suggesting near-term risk, yet oversold conditions and historically positive September performance hint at a recovery. Traders are monitoring $0.32–$0.34 for accumulation and eyeing $0.44–$0.47 as breakout targets. With Protocol 23 and ISO 20022 adoption boosting institutional cross-border payments, a clear move above $0.45 could spark a rally toward $1.
Bullish
XLM’s repeated tests at the $0.45 resistance suggest weakening seller presence, known as resistance fatigue, which often precedes upward breakouts as observed in past altcoin rallies. Fundamental catalysts like the Protocol 23 upgrade and the expansion of real-world assets on the Stellar network enhance medium- to long-term demand. Technical oversold conditions and historical September strength further support a potential recovery, despite the short-term death cross signal. A clear close above $0.45 could trigger momentum-driven buying, similar to Solana’s 2021 break above its key levels post-NFT adoption announcements. In the short term, traders may capitalize on accumulation near $0.32–$0.34, while a decisive breakout can shift market sentiment bullishly toward higher targets around $0.64 and eventually $1.