The cryptocurrency market has reacted strongly to a new signal of massive institutional adoption, driving up the quotation of Stellar’s native asset. The XLM price experienced a notable rise during Tuesday’s session, coinciding with reports confirming that U.S. Bancorp has selected the Stellar blockchain for its pilot program. This initiative seeks to test a programmable digital currency, validating the network’s infrastructure for high-level regulated financial operations by the fifth-largest banking institution in the United States.
The token’s bullish movement was no accident, but the result of significant and well-coordinated buying pressure. During the session, trading activity recorded an unusually high volume of 38 million tokens traded in a few hours, representing a 45% increase over the usual daily average. This capital flow allowed the asset to decisively break the technical resistance of $0.2460, consolidating its position above the psychological barrier of $0.2500 at the close.
The choice of this specific network by a banking giant highlights Stellar’s technical suitability for issuing regulated assets. U.S. Bancorp’s pilot program focuses on the issuance and management of a proprietary stablecoin, leveraging the network’s speed and low costs for efficient settlements. Unlike other projects that remain theoretical, this use case involves real tests of “programmable money,” which adds a layer of fundamental value backing the recent market appreciation.
Can the asset sustain its momentum above $0.25?
From a technical perspective, the immediate outlook for the asset looks promising if current conditions are maintained. Analysts point out that the ascending trend structure shows controlled consolidation, suggesting that the market is digesting gains before attempting new highs. If buying pressure continues and the asset manages to defend the breakout level of $0.2495, the next key technical target sits at the cycle high of $0.2556.
On the other hand, traders must remain attentive to any changes in the news flow related to the banking pilot. Confirmation of successful results in these tests could act as an additional catalyst for the market. However, it is crucial to watch the ascending trendline connecting recent lows, as any loss of this support would invalidate the short-term bullish thesis. In summary, the convergence between traditional banking and public blockchain is creating new valuation opportunities that the market is just beginning to price in.
