XLM Soars Over 14%, Hits Two-Month High

TradingKey – On Thursday, July 10, Stellar Lumens (XLM) extended its rally, jumping 14.3% intraday to a high of $0.297, marking its strongest performance since May.

XLM Price Chart – Source: CoinMarketCap.

The surge was driven by two key factors:

• A broader bullish sentiment across the crypto market, and
• The release of Stellar Core v23.0.0rc2, which enhances the network’s scalability and maturity.

Earlier this month, XLM had dipped to a local low of $0.22, but has since rebounded steadily. It now trades above the midpoint of its $0.22–$0.34 consolidation range, with roughly 14% upside remaining before testing the upper boundary.

XLM Price Chart – Source: TradingView.

A potential breakout above $0.34 may hinge on a major catalyst: approval of altcoin spot ETFs. If approved, capital could rotate from Bitcoin into altcoins, lifting the entire sector — and XLM would likely be a key beneficiary.