Stellar’s XLM closed near $0.393 after a volatile Sept. 11–12 session, oscillating between $0.384 and $0.400. Early momentum lifted the token to session highs, but late selling pushed prices back toward support at $0.392, extending a corrective trend that has limited recent upside.
The session came as Remittix, a new cross-border payments startup, entered the market with a $25.2 million raise and a 15% USDT referral incentive. The strategy intensifies competition for established players like Ripple’s XRP and Stellar’s XLM.
Despite mounting rivalry, some analysts remain optimistic. Elliott Wave forecasts suggest XLM could rally as much as 400% toward $1.96, which would place its market cap between $60 billion and $71 billion. Unverified reports also hint that Ripple and Stellar may be exploring collaboration on a Zero-Knowledge-based financial infrastructure to boost privacy and interoperability.
