3 Reasons XLM Price is Up 14% Today, May 28, as Stellar Enters Wall Street

Stellar (XLM) price is up 14% today, May 28, to trade at $0.169 at the time of writing. Trading volumes had gone up by 857% to $848 million per CoinMarketCap. XLM price is the only one rising among the top 50 cryptos, and this is because of Stellar’s entry into Wall Street through DTCC.

XLM is standing out because its biggest rival, XRP, is down by 3.64% to trade at $1.28 at the time of writing. Bitcoin has dropped below $73,000, and Ethereum is now below $2,000 because of a crypto market decline that has liquidated $934 million in just 24 hours.

Stellar’s Partnership With DTCC is Driving XLM Price Gains

The DTCC said it is working with Stellar to tokenize its custodied assets, and the XLM price went from $0.146 to $0.178 as soon as this partnership was announced.

DTCC has said that Stellar will enable it to bring traditional assets to the blockchain, and this will lead to deeper liquidity for DTCC users while giving them more transparency. It becomes the latest firm to chase the tokenization hype after Mastercard received a licence in New York to also tokenize deposits.

The CEO of the Stellar Development Foundation, Denelle Dixon, says the Stellar blockchain aims for such a purpose as bringing Wall Street firms to the blockchain space.

“Our network was built for this moment – we have always believed that blockchain’s utility for finance is to be the rail that institutional-grade markets can depend on,” Dixon said.

DTCC handled $4.7 quadrillion transactions in 2025, and that means XLM price might get to $0.20 as soon as the tokenization of the assets it has in custody begins.

$1.1M Short Squeeze is Forcing Buying

XLM price going up by 14% when the rest of the market is red has caught short sellers off guard. Data from Coinglass shows that $1.1 million positions opened by short sellers were wiped out in just 24 hours, and these traders were forced to buy.

The weighted funding rate that has a reading of -0.0126% shows short sellers are not giving up even after being rekt. They are holding on to a bearish long-term XLM price forecast and the belief that the move from $0.14 to $0.17 is the only rise that XLM price will see.

But this short positioning might be good for XLM if bulls tighten their grip and pull the price up to the psychological resistance of $0.20.

Rounded Bottom Has Confirmed a Bullish Breakout

XLM price has moved past the resistance of $0169, and created a rounded bottom pattern with a depth of 21.68%. It will go to $0.206 if it can now hold $0.169 as the support level.

The $0.20 target of this rounded bottom is also a psychological level that can work as a magnet that pulls the price up. But after XLM price gets to $0.206, it might start going down because those who were buying might stop here as they believe the rally is at exhaustion.

The RSI that has a reading of 60 shows that the momentum quickly changing after the DTCC pact with Stellar. Bulls have a good grip that may pull XLM to $0.206.

The AO bars that are negative but green show that XLM might reach $0.20 for the first time since January 28.