Stellar’s rise to $0.45 follows a Ripple SEC settlement and anticipation of its transformative Protocol 23 upgrade, driving robust trading volumes and institutional interest.
Stellar ($XLM) jumped 11% to $0.45 as positive legal outcomes from Ripple’s $125M SEC settlement removed regulatory uncertainties, while anticipation builds around the Protocol 23 upgrade set to enhance network efficiency with parallel processing and the Soroban smart contract platform. The surge is bolstered by a 260% increase in trading volume, a 199% rise in real-world asset transactions, and bullish technical patterns, including a breakout from an inverse head and shoulders formation. Additional drivers include Stellar’s integration with Visa, ISO 20022 compliance, and expansion in the Asia-Pacific region, all contributing to growing institutional adoption.