Stellar’s XLM price climbs 7% as traders rotate into payment coins – can it go higher?

Stellar's XLM token surged 7% as traders rotated into payment and remittance cryptocurrencies, driven by increasing trading volumes, stablecoin pilot programs, and central bank digital currency (CBDC) testing. The token is currently trading at approximately $0.1792, representing a 1.22% gain, as it approaches the top of its trading range.

• →XLM price climbed 7% amid trader rotation into payment-focused cryptocurrencies.
• →The surge is supported by rising trading volumes and institutional interest in payment tokens.
• →Stablecoin pilot programs are contributing to renewed interest in Stellar's ecosystem.
• →CBDC testing activities are boosting sentiment around payment-oriented blockchain networks.
• →XLM is approaching the upper boundary of its current trading range.