Stellar (XLM) continues to trade steadily above the critical support level of $0.235, attracting the attention of traders and analysts. Meanwhile, PayPal has announced plans to implement its PYUSD stablecoin on the Stellar platform.
Current Situation for Stellar (XLM)
Currently, Stellar (XLM) is trading around $0.2485 after facing resistance near the $0.2539 mark. Technical analyst CryptoTony remains optimistic about XLM as long as the $0.235 support level holds.
Short-Term Technicals
XLM is forming an ascending channel, with price action pulling back after a recent rally. The asset remains above the 50-period Simple Moving Average at $0.2415, suggesting continued bullish sentiment in the short term. Support around $0.2465 is acting as a key pivot. The Relative Strength Index (RSI) has eased from overbought levels and is now at 68.36. If the price stays above the trendline and the $0.2465 support zone, analysts expect a retest of $0.2539.
PYUSD Expansion on the Stellar Blockchain
On June 11, 2025, PayPal confirmed plans to expand its stablecoin PayPal USD (PYUSD) on the Stellar blockchain, pending approval from the New York State Department of Financial Services. The integration is part of PayPal's initiative to provide global users with real-time working capital and remittance tools. According to PayPal Vice President May Zabaneh, stablecoins represent crypto's practical use case. Stellar CEO Denelle Dixon stated that PYUSD on Stellar will provide financial access to individuals and businesses across more than 170 countries.
Thus, Stellar (XLM) continues to attract traders' attention, showing resilience above a key support level, while PayPal's plans to implement PYUSD on the Stellar platform highlight the expansion of real-world utility of assets in the digital payments ecosystem.
