XLM Jumps 51% as DTCC Confirms 2027 Stellar Integration


XLM Jumps 51% as DTCC Confirms 2027 Stellar Integration
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  • DTCC’s Stellar integration drives XLM’s highest weekly gain since January.
  • XLM faces strong resistance, echoing past rallies’ sharp corrections.

On May 29, 2026, Cointelegraph reported that US financial giant Depository Trust & Clearing Corporation (DTCC) confirmed plans to integrate its forthcoming tokenized securities platform with the Stellar network by 2027. This official announcement delivered a 51% surge in Stellar’s XLM token, reflecting broader institutional adoption of the blockchain in traditional finance.

XLM’s price rallied sharply as buying activity intensified and a short squeeze eliminated bearish positions. CoinGlass data cited by Cointelegraph showed short liquidations reached $12.41 million—almost twice the $6.82 million in long liquidations since May 28. Open interest doubled to $292.11 million, revealing heightened leverage and speculative activity.

The rally pushed XLM to $0.224, its highest since January, where it now confronts significant resistance between $0.198 and $0.224. This zone contains several key weekly exponential moving averages, making it pivotal for the short-term trend.

Analysts note that previous XLM rallies sparked by landmark events—such as Donald Trump’s 2024 re-election and PayPal’s 2025 stablecoin launch—ended with corrections of 68%–74%. If resistance holds here, history could repeat, targeting a potential pullback to $0.112–$0.136 (down 30%–40%). A decisive break above resistance, however, could open a move to $0.28–$0.30, yielding up to 40% further upside.

As of May 29, 2026, 17:08 UTC, Stellar (XLM) trades at $0.211, up 2.41% on the day, according to CoinMarketCap.

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Article Info
Category
Market
Published
2026-05-29 17:12
NFT ID
PENDING
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