XLM Rallies 52% After DTCC Announces Stellar Integration

- DTCC’s plan to integrate its tokenized securities platform with Stellar drives a 52% XLM price surge and record liquidations - XLM faces heavy technical resistance after open interest and trading volume spike, with analysts eyeing risks of a pullback 2026-05-29 On May 29, 2026 (UTC), Cointelegraph reported that Stellar’s XLM jumped 52% after the Depository Trust & Clearing Corporation (DTCC), one of the largest US securities clearing firms, announced plans to integrate its tokenized securities platform with the Stellar blockchain for a target launch in 2027. The announcement, which was unveiled this week, ignited a surge in trading activity and sparked substantial market volatility as investors responded to the landmark institutional partnership. According to CoinGlass, XLM experienced over $12.41 million in short liquidations since May 28, as the price rally forced bearish traders to cover their positions. In addition, open interest in XLM futures nearly doubled to $292 million, while funding rates flipped deeply negative, indicating aggressive leveraged short bets against XLM. As a result, the ensuing short squeeze accelerated XLM’s climb and pushed the price above $0.22 for the first time since January. However, despite the sharp rally, technical signals urge caution. XLM is facing significant resistance between $0.198 and $0.224, a zone that aligns with its 50-, 100-, and 200-week exponential moving averages. Previous surges on institutional news have reversed in these zones and led to strong corrections, and if XLM fails to break above this resistance decisively, technical analysis suggests a risk of a substantial pullback. As of 15:08 UTC on May 29, XLM trades at $0.205—a 6.067% increase in the past 24 hours—according to the latest market data.