Stellar Lumens (XLM) gained 3% and broke the $0.47 resistance after traders pushed volume higher. The move spotlighted Protocol 23, which parallelizes transaction handling and cuts fees, and funds plus remittance corridors are tracking the shift. Launched in 2014 by Jed McCaleb and Joyce Kim, the network settles cross-border payments in seconds.
The $0.47 break from Stellar Lumens opens a path toward $0.58 if buyers continue to outnumber sellers at current volume. Data show wallets linked to institutions increased activity during the climb, and Ainvest adds that heavier volume from larger wallets should narrow intraday spreads.
The next days decide whether $0.47 turns into support or rejects price back toward $0.38; a close above $0.58 on rising volume would confirm the breakout, while a fall through $0.35 would void the short term setup. Entry and exit plans still revolve around $0.47 and $0.58.
They forecast the token could approach the $1.00 level in the next institutional adoption cycle as blockchain payment networks gain traction in the global corporate finance landscape.
Daily trading volumes exceeded 71 million tokens during institutional trading hours, significantly above the 24-hour corporate average of 25.43 million.
Protocol 23, adoption signals and risks
Protocol 23, now on testnet, bundles events into one format and processes groups of transactions side by side, lowering the per transfer cost and potentially lifting retail and corporate use. Some specialists writes that cheaper, faster rails raise the odds of adoption in payment corridors.
Forecasts for the rest of 2025 diverge—investinghaven lists $0.27 as a base case, while some models above $1.50.
Risks remain: regulators have not clarified custody rules, and a retreat would first test $0.38–$0.35. Long-range estimates for 2030 range from under $0.40 to beyond $2.00.
Near term, watch whether $0.47 becomes support and if volume sustains a push toward $0.58, while tracking Protocol 23 progress and regulatory clarity that could influence adoption and price.
