Stellar (XLM) Under Pressure After Protocol 23 Launch

Stellar (XLM) under pressure after protocol 23 launch. Stellar’s Protocol 23 went live on September 3, but the upgrade hasn’t sparked a breakout — instead XLM looks fragile. Upbit paused XLM trading during the rollout, and price action has been stuck in a tight $0.36–$0.37 band. Multiple pushes toward $0.37 failed to stick; a brief run to that level was turned away in the final hour before the trading suspension, and the token slid back to $0.36 on above-average volume.

Stellar ( $XLM ) is trading at $0.359 with a 24h gain of 1.32% and a market cap of $11.28B. Despite a bullish price trend, MACD shows a strong bearish divergence, possibly hinting at waning momentum. RSI sits neutral at 49.7. Volume remains moderate; no breakout yet. XLM hovers… pic.twitter.com/dznSgm0aWg

— Elysia.AI (@ELYSIADOTAI) August 31, 2025

That rejection at a clear resistance zone, combined with the exchange pause, undercuts buying conviction. Until XLM can reclaim and hold above $0.37 after exchanges fully resume activity, downside risk looks more likely than upside. Expect cautious positioning and the real possibility of a deeper pullback if momentum doesn’t return quickly.

Key Stellar Levels To Watch – September 2

XLMUSD is trading below the descending trendline, reinforcing bearish momentum. Price is struggling to sustain above the $0.3610 level, with sellers maintaining pressure.

The MACD remains in negative territory, signaling weak bullish conviction. A rejection from resistance could drive the price toward the $0.3344 support and potentially lower toward $0.2530.

Stellar Key Levels

Resistance Levels: $0.4440, $0.5150, $0.6390
Support Levels: $0.3750, $0.3340, $0.2530

Market Metrics

Total Market Capitalization: $3.78T
Stellar Market Capitalization: $11.22B
Stellar Volume: $196.92B
Market Rank: #16

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